ISTANBUL - "Petrol Ofisi (a Turkish oil company) has declared a loss of 99 million USD for the first half of 2006, and this is because of the fluctuations in the foreign exchange rate," said Petrol Ofisi's Financial Director Huseyin Kececi.
Holding a press conference in Turkish commercial hub of Istanbul, Kececi noted on the other hand that their company's net sales were up 17 percent.
-WE WANT TO PENETRATE INTO ALBANIAN & GEORGIAN MARKETS-
On the other hand, Petrol Ofisi CEO Jan Nahum said that Petrol Ofisi's share in jet fuel sales within Turkey was 77.4 percent, while it was 34 percent in diesel oil and 25.5 percent in gasoline.
Noting that Petrol Ofisi is active in 27 airports, Nahum said that their company is eager to enter in Albanian and Georgian markets.
Asked whether they plan to build a refinery, Nahum said, "we are actually preparing a project and we are thinking of Ceyhan (as location of the refinery)."
According to Nahum, a refinery can be established within 40-50 months, and a 7.5-10 million-ton refinery may cost about 2-2.5 billion USD.