H1 2019 Results
Refinery Capacity Change (mb/d)
2012-2018 Net Capacity Additions by Region
Europe
-1.4
N. America
0.2
Japan
-1.0
Other
Other Asia
Middle East
India
China
1.3
0.5
1.7
1.0
2.1
Expectations until 2024:
~78% of net capacity additions to come from Asia & Middle East
Global utilization rate to decline from 82% (2018) to 79% (2024)
Net capacity and demand in Europe to remain roughly unchanged
Source:, Reuters, International Energy Agency, Tüpraş, sector reports and news.
Investor Presentation
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REFINING INDUSTRY
1.2
2.7
2019-2024 Net Capacity Additions
Asia & Middle East
0.5
1.9
2.0
1.5
■ Other
0.5
2019
2020
2021
2022
2023
2024
2019-2024 Additional Refinery Throughput vs. Demand
1.1
0.9
0.9
0.6
1.1
■Refinery Throughput
■Refinery Products Demand
1.0
0.9
0.8
0.6
0.4
-0.1
2019
2020
2021
2022
2023
2024
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