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English
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oda_ForwardLookingEvaluationsAbstract|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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11.08.2021
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Hayır (No)
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oda_ExplanationSection|
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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. |
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