O.I.B. Invites Tupras Auction Winning Company To Sign Contract

ANKARA - The Privatization Administration Board (OIB) has invited the auction winning company to sign contract after the Higher Board of Privatization's (OYK) decision on privatization of the Turkish Oil Refineries Corp (Tupras) was published in the Official Gazette on Wednesday.
Sources said that the company was given a sixty-day period to sign contract, beginning on February 11, 2004.
The auction for privatization of Tupras's 65.76 percent share was conducted on January 13, 2004 and Efremov Kautschuk GmbH made the highest bid of 1 billion 302 million U.S. dollars.
(MS-AÖ) 11.02.2004