Fitch: Turkish refining market attractive for new entrants

Fitch Ratings said Turkey is seen as an attractive market for companies planning to build new refining capacity there.

This is a function of Turkey's growing fuels market, its strategic location as an important crude oil transportation route from oil-producing countries to European markets and the country's deficit of domestic fuels production versus domestic demand.

Fitch said Turkey is one of the fastest-growing petroleum markets in Europe and is underpinned by a favorable macroeconomic environment, demographics and low per capita consumption.

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