[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[]
Related Funds
[]
English
oda_ForwardLookingEvaluationsAbstract|
Forward Looking Evaluations
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
16.02.2022
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

2022 expectations are given below;

Tüpraş Net Margin

Tüpraş Net Refining Margin expectation is 8 – 9 $/v  (previously: 4 - 5 $/v)

Operational Targets

Capacity utilization: %90-95  (no change)

Production: ~26-27 million tons  (no change)

Total Sales: ~28-29 million tons  (no change)

Investments

Total investments expectation is ~300 Milyon $  (no change)

Approximately 45% of our investments are focused on sustainability, including energy efficiency and environmental projects.

Med Complex Margin

The Mediterranean Complex Refinery Margin is a theoretical calculation and has lost its indicative quality due to the high volatility observed in the oil markets recently. Considering these conditions, expectation sharing regarding this indicator has been stopped until market conditions normalize.

Net Refining Margin

While preparing our Net Refinery Margin expectation, it was assumed that the current high level of product margns would gradually return to seasonal normals towards the end of the second quarter.