Thursday, November 24, 2005

Turkey keen on a refinery with Indian expertise

India and Turkey are in the process of finalising plans to set up a refinery on 50:50 ownership basis.

The refinery will be set up with Indian expertise in Turkey, a senior Turkeish official said on Thursday.

"We are planning to sign a MoU with India in December for setting up a refinery worth producing 1,20,9000 barrels of oil per day in Turkey," he said.

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