Investor Presentation
Competition # 1 (SOCAR-STAR Refinery)
STAR Refinery (Total Cap. 10 mn ton)
Production
2019
mn ton
Goldman Sachs has acquired a 13% stake in SOCAR Turkey for $1.3 billion.
Goldman Sachs has the right to resell 10% of its stakes to Socar, and the remaining 3% to
'Sermaye Investments Limited' owned by SOCAR within 6 years at the same price.
Tüpraş
Star
Total
Turkish
Demand
Balance
LPG
1.1
0.3
1.4
4.1
-2.7
Credit
3.3 Billion $
Equity
2.4 Billion $
• 3.3 billion $ credit agreement. First
4 years grace period total 15-18
years term.
Petchem Feeds
0.2
2.6
2.8
Gasoline
6.1
6.1
2.4
3.7
Total
5.7 Billion $
Project finance is supplied to company
(1.5 Billion $).
Jet Fuel
5.2
1.6
6.8
5.2
1.6
Investment
It is operational as of 2019.
Diesel
10.7
4.5
15.2
26.5
-11.3
Star Refinery Production Numbers (k ton)
Coke
0.8
0.7
1.5
4.6
-3.1
Diesel
4,500
Jet Fuel
1,600
Fuels
Sulphur
158
Petrocoke
698
Fuel Oil
1.8
1.8
1.3
0.5
Bitumen
3.1
3.1
3.1
LPG
260
Petrochemical
Feedstock
Naptha
1,600
Mixed xylene
460
Reformate
524
Investor Presentation
www.tupras.com.tr
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