January 20 Investor Presentation
Competition - STAR Refinery
Timeline
Turkish Market Structure (mn tons)
Turkish
11411
Turkey
Demand
Tüpraş STAR
Total
Market
Balance
Demand
LPG
1.1
0.3
1.4
4.1
-2.7
Petchem F.
0.2
2.6
2.8
Gasoline
6.1
6.1
2.4
3.7
•
Feasibility studies began in 2010 and
Jet Fuel
5.2
1.6
6.8
5.2
1.6
construction kicked off in 2011
Diesel
10.7
4.5
15.2
26.5
-11.3
• Goldman Sachs has acquired a 13%
stake in SOCAR Turkey for $1.3
billion.
Fuel Oil
1.8
1.8
1.3
0.5
Bitumen
3.1
3.1
3.1
•
Total investment size 6.3 bn USD, with
Pet coke
0.8
0.7
1.5
4.6
-3.1
3.3 bn USD credit agreement.
•
Following the completion of
construction late 2018, reached full
Total
~30
~10
~40
capacity utilization in August 2019
January 20
Investor Presentation
Appendix
www.tupras.com.tr
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