Friday 16 November 2018
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albawaba - 27 days ago

Turkey s New Oil Refinery to Reduce Its Trade Deficit by $1.5 Billion

A presidential decree has declared a newly-opened oil refinery in western Izmir province as the first special industrial zone in Turkey, the Industry and Technology Ministry said Saturday. Industry and Technology Minister Mustafa Varank said in a statement that the oil refinery will reduce Turkey s foreign trade deficit annually by $1.5 billion. The STAR refinery is the biggest real sector investment made at a time in Turkey, he said.

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