[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_ForwardLookingEvaluationsAbstract|
Forward Looking Evaluations
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Evet (Yes)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
11.08.2021
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Explanations
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2021 revised expectations are given below;

Med Complex Refinery Margin

Med Complex Refining Margin expectation is 1.5 – 2.0 $/bbl (previously: 0.0-0.5)

Tüpraş Net Refinery Margin

Tüpraş Net Refining Margin expectation is 4.5 – 5.0 $/bbl (previously: 2.5-3.5)

Operations Targets

Capacity utilization: 85-90%

Production: ~25-26 million tons

Total sales: ~26-27 million tons

Investment

Total investments expectation is revised as ~175 million $ (previously: ~200 mn$)

Due to the rise in Oil Product Crack Margins, there is a need for an upward revision in the expectations of the Mediterranean Refining Margin, which is the performance indicator of refining sector and Tüpraş Refining Margin.

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