[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
Periodic maintenance related shutdown
oda_InformationAboutOperationsSupendedOrBecameImpossible|
Information About Operations Suspended Or Became Impossible
Shutdown in fuel oil conversion units due to maintenance activities
oda_ReasonOfSuspensionOrImpossibilityOfOperations|
Reason Of Suspension Or Impossibility Of Operations
Periodic maintenance implementation
oda_DecisionDateOfAuthorizedBodyIfExits|
Decision Date Of Authorized Body If Exits
-
oda_ValidityDateOfSuspensionOrImpossibilityOfOperations|
Validity Date Of Suspension Or Impossibility Of Operations
01.03.2024
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalProductionOfCompany|
Effect of Suspension or Impossibility of Operations on Total Production of Company
Although approximately 300 thousand tonnes per month of reduction in production is expected due to the maintenance, no impact is expected on sales volume since reduced production will be compensated by increased imports.
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalSalesOfCompany|
Effect of Suspension or Impossibility of Operations on Total Sales of Company
None
oda_ShareOfPartiallySuspendedOperationsInTotalProductionAndSalesOfCompany|
Share Of Partially Suspended Operations In Total Production And Sales Of Company
12% reduction is expected in total monthly production
oda_NumberOfPersonnelWhoseEmploymentContractsWereOrWillBeTerminated|
Number Of Personnel Whose Employment Contracts Were Or Will Be Terminated
None
oda_TotalAmountOfSeveranceAndTerminationPaysThatWasOrWillBePaid|
Total Amount Of Severance And Termination Pays That Was Or Will Be Paid
None
oda_PrecautionsTookIntoConsiderationByCompanyManagement|
Precautions Took Into Consideration By Company Management
-
oda_ConditionsRequiredForGoingIntoOperationAgain|
Conditions Required For Going Into Operation Again
Completion of Maintenance Works
oda_ExpectedDateToBeginOperations|
Expected Date To Begin Operations
June 2024
oda_EffectsOnContinuityAssumptionOfCompany|
Effects On Continuity Assumption Of Company
There will be no impact
oda_ExplanationSection|
Explanations
oda_AdditionalExplanationTextBlock|

A shutdown is planned in our Fuel Oil Conversion Unit located in İzmit Refinery starting from March 1, 2024 due to periodic maintenance, which is technically required in every 5 years. The planned shutdown is set to last for 92 days.

Although no reduction is foreseen on Tüpraş' sales volume as production loss will be compensated by increased imports, a total EBITDA decrease of 196 million USD is expected due to the decrease in production.

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.