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Türkiye's Giant Oil Company Requested Bankruptcy
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TP Petrol Dağıtım A.Ş. (Turkish Petroleum), one of Türkiye's leading fuel distribution companies, filed for bankruptcy following an investigation rocked by allegations of fuel smuggling exceeding 1 billion Turkish Lira from refineries in Antalya and Hatay. The Istanbul 1st Commercial Court of First Instance accepted the company's request, granting a three-month temporary reprieve and issuing a protective measure on its assets. Here are the detai…
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