Investor Presentation Aug-21
Competition - STAR Refinery
Timeline
Turkish Market Structure (mn tons)
Turkish
Turkey
Tüpraş
STAR
Total
Market
Balance
Demand
Demand*
LPG
1.1
0.3
1.4
4.2
-2.8
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
5.3
1.5
construction kicked off in 2011
Diesel
10.7
4.8
15.2
22.5
-7.3
•
Goldman Sachs has acquired a 13%
stake in SOCAR Turkey for $1.3
Fuel Oil
1.8
1.8
0.3
1.5
billion.
Bitumen
3.1
3.1
•
Total investment size 6.3 bn USD, with
Pet coke
0.8
0.7
1.5
3.3 bn USD credit agreement.
•
Following the completion of
construction late 2018, reached full
Total
~30
~10
~40
capacity utilization in August 2019
Source: EMRA
Aug-21
Investor Presentation
Appendix
www.tupras.com.tr
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