Tüpraş
Tüpraş to invest $10 bln by 2050 for carbon neutrality
Turkey's energy giant Tüpraş plans to invest $5 billion by 2035 and $10 billion in total by 2050 as part of its Strategic Transition Plan, the company announced on Nov. 24.
Carmakers dominate Turkey's top exporters list
Accounting for half of the top 10 companies, automotive firms have dominated Turkey's list of largest exporters, the Turkish Exporters Assembly (TİM) announced on Sept. 18.
Ford was named Turkey's largest exporter in 2020, followed by Toyota Engine Manufacturing Turkey and Oyak Renault.
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Oil refiner Tüpraş leads Turkey’s industry league
Refinery giant Tüpraş retained its longtime leadership as Turkey's biggest industrial enterprise with production-based sales worth 58.6 billion Turkish Liras ($8.4 billion), the Istanbul Chamber of Industry (İSO) said on May 26.
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Tüpraş to halt output at oil refinery in İzmir
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.
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Turkey’s Tüpraş revises expectations on falling demand, prices
Turkish refinery company Tüpraş has revised its 2020 expectations amid the negative impact of the COVID-19 pandemic on oil demand and prices.
Tüpraş tops Turkey’s Fortune 500 list
Turkey's leading petroleum company Tüpraş has topped Fortune magazine's top 500 Turkish companies list in terms of net sales.
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Turkey's top 500 companies announced
According to the survey, TÜPRAŞ's production-based sales last year totalled 51.1 billion Turkish Liras ($14 billion).
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Family members of Turkey's two largest conglomerates sell stakes in companies
The founding family members of Turkey's Koç Holding and some non-management members of the family of another leading conglomerate, Sabancı Holding, have decided to sell stakes in the firms.
Shares in the company fell sharply on May 25 following the related announcements.
Turkey's refinery reaches record high sales in 2016, posts lower-than-expected decline in net profit
Tüpraş said it reached full capacity production and record sales volume with residuum upgrade capacity contribution in 2016 on late Feb. 13.
The company also posted a lower-than-expected net profit with the contribution of its high performance in the last quarter of 2016.
Tüpraş, OMV Petrol Ofisi, Turkish Airlines named Turkey's top three companies
Tüpraş, OMV Petrol Ofisi and Turkish Airlines have been named Turkey's largest companies by a leading economy and business magazine.
The results of the Top 500 Private Company Survey of Turkey, organized by Capital Magazine in Vodafone's main sponsorship, were announced in a ceremony held in Istanbul late on Dec. 14, Anadolu Agency reported.