IOC plans 1.2-lakh bpd refinery in Turkey
By Our Corporate Bureau | 25 Nov 2005
He disclosed that the MoU with Calik was expected to be signed in early December, on the sidelines of a bilateral meeting between Hilmi Guler, Turkey''s energy minister and his Indian counterpart, Mani Shankar Aiyar. According to Behuria, the MoU is expected to finalise the details of the refinery. Calik Enerji and IOC will also try to bid jointly for oil in third countries. IOC is also keen to enter the retail petroleum sector in Turkey added.
Calik was IOC''s partner in an unsuccessful bid for a stake in another Turkish refinery Tupras recently.