Tupras 2011 Sales Rose 6.7%, Output Climbed 8.4%

(Corrects percentage increase for output in headline.)

Tupras Turkiye Petrol Rafinerileri AS (TUPRS), Turkey’s sole refiner, raised sales by 6.7 percent to 23.9 million metric tons in 2011 from a year ago.

The company’s exports of petroleum products increased 7.4 percent to 5.2 million tons while output rose 8.4 percent to 20.1 million tons, it said in an e-mailed statement today. Tupras’s capacity utilization rate was 74.4 percent last year, climbing 4.8 percentage points from 2010, it said.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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