TUPRAS - Diesel and jet fuel cracks surged to US$19.5/bl and US$18.1/bl levels in Nov-18, positive for Tupras…
TUPRS - POSITIVE: Diesel and jet fuel crack spreads averaged at US$19.5 and US$18.1 per barrel in Nov-18, increasing by 58% and 42% YoY, respectively. Reasons for continued strength in middle distillate cracks are strong demand and declining supply of heavy crude from Venezuela and Iran, since processing heavy crude gives higher middle distillate yields. On the other hand, supply of light crude has been increasing parallel to higher production from US.Turkiye Petrol Rafinerileri is an energy and refining company based in Turkey. Co. is engaged in providing and refining crude oil, the importing and exporting of oil products, and establishing and operating refineries in Turkey and foreign countries. Also, Co. is establishing and operating factories and facilities in the petrochemical industry. Co. is engaged in purchasing, selling, importing, exporting, storing, marketing and distributing (wholesale, retail, foreign and domestic) all kinds of petroleum products, LPG and natural gas. Co. runs its business through the refineries in Izmit, Izmir, Kirikkale and Batman.
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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