[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English

oda_ForwardLookingEvaluationsAbstract|
Forward Looking Evaluations
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Update Notification Flag
Evet (Yes)
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Correction Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
14.02.2018
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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2018 expectations are revised and given below

Brent Price Estimation

Average Brent price expectation in 2018 is unchanged at 70 - 75 $/bbl

Med Complex Margin

Med Complex margn expectation is revised to 4.25 – 4.75 $/bbl in 2018

Tüpraş Net Margin

Net Tüpraş refinery margn expectation is revised to 9.5 – 10.5 $/bbl

Operations

Capacity utilization target is revised to 95-100%

Production is revised to ~27 million tons.

Total sales is revised ~30 million tons.

Investment

Refining investments expense expectation is revised to 150 Million $

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