Turkey's largest oil refiner Tüpraş will temporarily stop production at its 220,000-barrel-per-day İzmir oil refinery as coronavirus lockdowns hit fuel demand, the firm has said in a stock exchange filing.
Output at the refinery, which has an annual processing capacity of 11.9 million tons, will be suspended from May 5 until July 1, according to the filing.
The 16th Istanbul Biennial's title and conceptual framework was announced by the curator Nicolas Bourriaud at a press conference on Dec. 11. Organized by the Istanbul Foundation for Culture and Arts (İKSV) and sponsored by Koç Holding, the 16th Istanbul Biennial will take place between Sept. 14 and Nov. 10, 2019.
Tofaş, a joint venture between Fiat and Turkey's Koç Holding, has said it will suspend production in its key plant for a nine-day period, citing shrinkage in the domestic market.
Italy's top bank UniCredit has confirmed its commitment to Turkey, where it has partnership in Yapı Kredi Bank with Koç Holding, hailing the country's long-term positive potentials.
Otokar, Koç Holding's bus and military vehicle manufacturer, has secured an export deal worth $28.9 million.
Ford-Otosan, a joint venture between Ford Motor Co. and Turkey's Koç Holding, has unveiled its new tow truck, mostly developed domestically in Turkey by 1,500 Turkish engineers in five years.