Investor Presentation
Competition - STAR Refinery
Timeline
Turkish Market Structure (mn tons)
Turkish
Turkey
11411
Tüpraş
STAR
Total
Market
Balance
Demand
Demand*
LPG
1.1
0.3
1.4
3.9
-2.5
Petchem F.
0.2
2.6
2.8
Gasoline
6.1
6.1
3.3
2.8
Feasibility studies began in 2010 and
construction kicked off in 2011
Jet Fuel
5.2
1.6
6.8
4.7
2.1
Diesel
10.7
4.8
15.2
24.5
-9.3
Goldman Sachs has acquired a 13% stake in
SOCAR Turkey for $1.3 billion.
Fuel Oil
1.8
1.8
0.3
1.5
.
Total investment size 6.3 bn USD, with 3.3
bn USD credit agreement.
Bitumen
3.1
3.1
•
Following the completion of construction
Pet coke
0.8
0.7
1.5
late 2018, reached full capacity utilization
in August 2019
• Investments continue to reach to 13 mn
tons of capacity
Total
~30
~10
~40
*Source: EMRA
Oct-23
Investor Presentation
Appendix
www.tupras.com.tr
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