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Wednesday, January 11, 2012

Turcas, Socar Seek Loan for $5 Billion Turkish Oil Refinery - Bloomberg

Turcas, Socar Seek Loan for $5 Billion Turkish Oil Refinery

By Ercan Ersoy - Jan 11, 2012 4:49 AM ET

Turcas Petrol AS (TRCAS), a Turkish fuel retailer, will seek as much as $4 billion in loans in the second half of this year with State Oil Co. of Azerbaijan to build an oil refinery on the country’s western coast.

More:Turcas, Socar Seek Loan for $5 Billion Turkish Oil Refinery - Bloomberg