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Turkish Petroleum Refineries (TÜPRAŞ) is set to nearly double its capacity with an ongoing $2.5 billion fuel oil conversion investment in the northwestern Turkish province of Kocaeli, according to the company’s vice chairman.
After the project is completed in November 2014, the investment will expand the capacity of the facility from 7.5 million tons to 14.3 million tons and will provide employment for 10,000 people, Yılmaz Bayraktar said “With the upgrade project, fuel oil and other base products that are produced in surplus in Turkey and the region will be converted into the finished products [mainly diesel] that our country requires,” he said, Hurriyet Daily News report.
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