Petrol Ofisi, Turkey’s biggest fuel retailer, said yesterday a court had suspended a government ban on the company bidding for state contracts. A court in the capital Ankara on Friday suspended the implementation of the one-year ban, which was imposed in April, during Petrol Ofisi’s legal appeal against the Energy Ministry, the company said in a filing.
The government had barred Petrol Ofisi from participating in tenders to distribute fuel to power plants and other state-run businesses because its products had higher-than-agreed levels of sulfur, which Petrol Ofisi denied.
“It’s a positive development, but we need to look at what tenders Petrol Ofisi has missed and which are left for it to enter,” said Selim Kunter, an equity analyst at Ekspres Invest in Istanbul.
(KATHIMERINI, 21/07/2009)