Azerbaijan, Baku, May 15 / Trend, A. Taghiyeva /
Tupras, Turkey's largest refinery's sales revenues decreased by 27.2 percent amounting to $130 million in the first quarter of 2013 compared to the same period of 2012, the company said today.
According to the report, sales volumes decreased by 9 percent and hit 358,000 tons on the Turkish domestic market in Jan.-March 2013 compared to the same period of 2012. The total sales volume decreased by 8.5 percent to 4.9 million tons.
According to the report, the company's refining margin, indicating the difference between the cost per barrel and the value of the basket of oil products produced from it, decreased by 6.8 percent per barrel.
The Turkish company Tupras was established in 1983 and is one of the largest in Europe. The company has four refineries and a petrochemical complex, which ensure nearly 85 percent of Turkey's oil refining.