The Turkish Petroleum Refineries Corporation (TÜPRAŞ) ranked as Turkey's largest industrial business with 87.9 billion liras in annual production revenue. The oil company was followed mostly by automotive producers.
Turkey's gas stations have lost 60 to 75 percent of sales during the COVID-19 outbreak, daily Sözcü reported April 8. Limitations on intercity bus travels have furthered victimized petroleum workers in Turkey, Union of Gas Station, Petroleum and Gas Employers said.
The European Union will be imposing sanctions on two top executives from Turkish Petroleum (TPAO) for the country's drilling activities in the east Mediterranean that it deemed illegal, the Official Journal of the EU said on Feb. 27. Vice President Mehmet Ferruh Akalın and Deputy Director of the Exploration Department Ali Coşkun Namoğlu will see their EU assets frozen and be forbidden to travel in EU countries.