Turkish oil refiner Tupras said that it reached full capacity production and record sales with residuum upgrade capacity contribution in 2016. The company also posted lower than expected net profit. The statement from the company said that in 2016, it processed a total of 29.6 million tons (including semi-products), which resulted in 11 % increase […]
The largest Greek oil refiner Hellenic Petroleum (ELPE) recorded an increase of 20 % in its sales in the first nine months of the year, compared to the same period in 2015. The sales amounted to 4.34 billion metric tons. Regarding the company’s core profit, earnings before interest, taxes, depreciation and amortization (EBITDA), stripped of […]
MOL Romania, Romanian subsidiary of Hungarian oil and gas company MOL, recorded a turnover of about 460 million euros in the first half of 2016. The amount is similar to the one recorded in the same period last year, but the company’s net profit doubled compared to the first half of 2015. In the first […]