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TURKISH “GYUNAI” PLANS TO ALLOCATE INVESTMENTS IN AMOUNT OF 500 MILLION USD FOR CONSTRUCTION OF PLANT IN SUPSA

Oil&Gas Materials 27 August 2005 11:32 (UTC +04:00)

(Prime вЂ"News) вЂ" The largest Turkish company “Gyunai” plans to allocate investments in the amount of 500 million USD during four years for construction of the oil refinery in Supsa.

The company has already applied to the Ministry of Economic Development (MED) for assigning the area for construction of the oil refinery, MED said.

The investor’s proposal submitted to the government for consideration.

According to the Ministry, the details of the Turkish company’s proposals are currently under scrutiny.

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