[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English

oda_ForwardLookingEvaluationsAbstract|
Forward Looking Evaluations
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Update Notification Flag
Hayır (No)
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Correction Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
12.02.2016
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Hayır (No)
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Announcement Content
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Explanations
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2017 expectations are given below;

Brent Crude

-55 $/bbl

Med Complex Margin & Tupras Net Margin

-We expect Med Complex margns to be 4,0 - 4,5 dollar per barrel band in 2017.

-Tupras net refinery margns, we expect this to be in the region of 5,75- 6,25 dollars per barrel

Capacity Utilisation

-Expected Capacity Utilisation in 2017 will be around 100 %.

-Production will therefore be approximately 29,2 million tons

-Imports of finished products will be minimal, as we focus on selling increased volumes of production

-Total sales volume will be 30,6 million tons

Investment

-Refining investments for 2017 will be about 225 Million dollars

-Additionally, 125 million USD investment is planned for increasing the marine tanker fleet capacity.

In case of a discrepancy between the Turkish and the English versions of  this disclosure, the Turkish version shall prevail.