September 26, 2012 / 2:57 PM / 5 years ago

Turkey's Tupras says may issue up to $1 bln of debt

ISTANBUL, Sept 26 (Reuters) - Turkey's sole oil refiner Tupras said on Wednesday it had authorised its management to issue up to $1 billion of debt and had applied to regulators to enable it to do so.

Tupras last month posted a 47 percent drop in second quarter net profit after the fall in global oil prices and higher production costs hit refining margins.

Writing by Nick Tattersall

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below