Turkey's Tupras Reports $168 Million Profit in Third-Quarter 2014, As Residuum Upgrade Project Nears End

ISTANBUL--November 11, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Turkey's sole oil refiner--and its biggest industrial company--Tupras (BIST:TUPRS) (Kocaeli, Turkey) reported its third-quarter 2014 net income rose to 377 million Turkish liras ($168 million), up 6% from a year earlier. Analysts had expected a profit of 152 million liras.

Within this article: Details on the company's quarter and the refining outlook in the region.