ISTANBUL--November 16, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Turkey's sole oil refiner , Tupras (Istanbul, Turkey), posted $307.7 million net profit for the third quarter, above the market estimate of $265 million. The company, which is owned by Turkey's largest conglomerate Koc Holding (Istanbul), reported its strongest quarterly earnings of the past four years. Tupras generated $7.16 billion in revenues, up 5% from third-quarter 2011. Also, the company reported $372 million in EBITDA, down 13%.