Ankara refuses OMV/Ofisi Turkish refinery plan

11 June 2007 17:31  [Source: ICIS news]

PRAGUE (ICIS news)--Austria’s OMV confirmed on Monday that its joint application with Turkish fuel retail Petrol Ofisi to build a refinery that may include a petrochemicals complex has been turned down by Turkey’s energy markets regulator.

 

However, an OMV spokesman added that the two companies would reapply to establish the facility in Ceyhan, southern Turkey, as the refusal was only issued for technical reasons.

 

KBC Securities said local press reports stated the application was refused largely because the Turkish body wanted Petrol Ofisi to take part in the refinery sector through the establishment of a separate refining company, using a different name to the one it uses for its fuel retail business.

 

The spokesman for OMV said it was too early to give the likely specifications of the oil-cum-petrochemicals investment, adding: “We will reapply and we are optimistic we will this time meet all requirements”.

By: Will Conroy
+44 20 8652 3214

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