[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_PartialOrCompleteSuspensionOrImposssibilityOfOperationsAbstract|
Partial Or Complete Suspension Or Imposssibility Of Operations
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfSituationOccured|
Nature Of Situation Occured
Periodic maintenance and improvement projects related shutdown
oda_InformationAboutOperationsSupendedOrBecameImpossible|
Information About Operations Suspended Or Became Impossible
Shutdown in fuel oil conversion units due to maintenance and improvement activities
oda_ReasonOfSuspensionOrImpossibilityOfOperations|
Reason Of Suspension Or Impossibility Of Operations
Periodic maintenance requirements and improvement projects implementation
oda_DecisionDateOfAuthorizedBodyIfExits|
Decision Date Of Authorized Body If Exits
-
oda_ValidityDateOfSuspensionOrImpossibilityOfOperations|
Validity Date Of Suspension Or Impossibility Of Operations
26.02.2019
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalProductionOfCompany|
Effect of Suspension or Impossibility of Operations on Total Production of Company
Reduction of 290 thousands tonnes per month in production is forecasted while no impact is foreseen on sales volume since reduced production will be compansated by increased imports.
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalSalesOfCompany|
Effect of Suspension or Impossibility of Operations on Total Sales of Company
None
oda_ShareOfPartiallySuspendedOperationsInTotalProductionAndSalesOfCompany|
Share Of Partially Suspended Operations In Total Production And Sales Of Company
3% reduction is expected in total monthly production
oda_NumberOfPersonnelWhoseEmploymentContractsWereOrWillBeTerminated|
Number Of Personnel Whose Employment Contracts Were Or Will Be Terminated
None
oda_TotalAmountOfSeveranceAndTerminationPaysThatWasOrWillBePaid|
Total Amount Of Severance And Termination Pays That Was Or Will Be Paid
None
oda_PrecautionsTookIntoConsiderationByCompanyManagement|
Precautions Took Into Consideration By Company Management
-
oda_ConditionsRequiredForGoingIntoOperationAgain|
Conditions Required For Going Into Operation Again
Completion of Maintenance and Improvement Works
oda_ExpectedDateToBeginOperations|
Expected Date To Begin Operations
End of May 2019
oda_EffectsOnContinuityAssumptionOfCompany|
Effects On Continuity Assumption Of Company
No impact
oda_ExplanationSection|
Explanations
oda_AdditionalExplanationTextBlock|

A shut down is planned in our Izmit Refinery Fuel Oil Conversion Unit (operating since 2015) due to periodic maintenance, which is technically required in every 4 years with suspension of all units. Some equipment changes regarding improvement investments will also be completed in addition to the maintenance activities; total duration of maintenance is planned 90 days.

Although no reduction is foreseen on Tüpraş' sales volume as production loss will be compansated by increased imports, Battery shut down is expected to decrease the monthly EBITDA by $40 million.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.