[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
Production cut in İzmir Refinery
oda_InformationAboutOperationsSupendedOrBecameImpossible|
Information About Operations Suspended Or Became Impossible
Production activities in Izmir Refinery
oda_ReasonOfSuspensionOrImpossibilityOfOperations|
Reason Of Suspension Or Impossibility Of Operations
Negative impact of the global Covid-19 outbreak on petroleum products demand
oda_DecisionDateOfAuthorizedBodyIfExits|
Decision Date Of Authorized Body If Exits
-
oda_ValidityDateOfSuspensionOrImpossibilityOfOperations|
Validity Date Of Suspension Or Impossibility Of Operations
5 May 2020
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalProductionOfCompany|
Effect of Suspension or Impossibility of Operations on Total Production of Company
Accounting for approximately 40% of our crude oil processing capacity.
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalSalesOfCompany|
Effect of Suspension or Impossibility of Operations on Total Sales of Company
No additional impact is expected on our sales.
oda_ShareOfPartiallySuspendedOperationsInTotalProductionAndSalesOfCompany|
Share Of Partially Suspended Operations In Total Production And Sales Of Company
-
oda_NumberOfPersonnelWhoseEmploymentContractsWereOrWillBeTerminated|
Number Of Personnel Whose Employment Contracts Were Or Will Be Terminated
No termination of employment due to the production cut is expected.
oda_TotalAmountOfSeveranceAndTerminationPaysThatWasOrWillBePaid|
Total Amount Of Severance And Termination Pays That Was Or Will Be Paid
-
oda_PrecautionsTookIntoConsiderationByCompanyManagement|
Precautions Took Into Consideration By Company Management
Necessary measures are being taken based on the Business Continuity Plan.
oda_ConditionsRequiredForGoingIntoOperationAgain|
Conditions Required For Going Into Operation Again
Increase in demand for petroleum products along with improving economic activity.
oda_ExpectedDateToBeginOperations|
Expected Date To Begin Operations
1 July 2020
oda_EffectsOnContinuityAssumptionOfCompany|
Effects On Continuity Assumption Of Company
No impact is expected.
oda_ExplanationSection|
Explanations
oda_AdditionalExplanationTextBlock|

With our disclosure on April the 20th 2020, we have announced that our guidance for annual production in 2020 was revised down due to the negative impact of the global Covid-19 outbreak on petroleum products demand.

Within this framework, we will gradually stop production at İzmir refinery for a temporary period due to decline in demand driven by the stammering commercial activity in domestic and international markets.

Important developments regarding the subject will be shared with our investors.

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.