[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Forward Looking Evaluations
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Hayır (No)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
13.02.2019
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Hayır (No)
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Announcement Content
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Explanations
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2019 expectations are given below;

Med Complex Refinery Margin

Med Complex margn expectation is 3.75 –4.25 $/bbl in 2019

Tüpraş Net Refinery Margin

Tüpraş Net refinery margn expectation is 6.0 – 7.0 $/bbl in 2019

Operations Targets

Capacity utilization: 95-100%

Production: ~28 million tons

Total sales: ~30 million tons

Investment

Refining investments expectation is revised as ~200 million $

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