Israels’ ORL expects sales of petrochemicals, oil products to Turkey to remain unchanged

Israel’s Oil Refineries Ltd expects no change in sales of petrochemicals and oil products to Turkey. Figures are expected to be unchanged at about 7-9% of the company’s total revenue in 2010, and have been released after the diplomatic storm caused by the IDF action against the Turkish flotilla to Gaza. If relations with Turkey are to deteriorate further, the company has alternative markets to sell products earmarked for Turkish market at prices not materially different.
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