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English
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oda_PartialOrCompleteSuspensionOrImposssibilityOfOperationsAbstract|
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oda_UpdateAnnouncementFlag|
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Hayır (No)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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-
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_NatureOfSituationOccured|
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Periodic maintenance and improvement projects related shutdown
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oda_InformationAboutOperationsSupendedOrBecameImpossible|
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Shutdown in fuel oil conversion units due to maintenance and improvement activities
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oda_ReasonOfSuspensionOrImpossibilityOfOperations|
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Periodic maintenance requirements and improvement projects implementation
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oda_DecisionDateOfAuthorizedBodyIfExits|
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-
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oda_ValidityDateOfSuspensionOrImpossibilityOfOperations|
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26.02.2019
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oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalProductionOfCompany|
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Reduction of 290 thousands tonnes per month in production is forecasted while no impact is foreseen on sales volume since reduced production will be compansated by increased imports.
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oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalSalesOfCompany|
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None
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oda_ShareOfPartiallySuspendedOperationsInTotalProductionAndSalesOfCompany|
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3% reduction is expected in total monthly production
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oda_NumberOfPersonnelWhoseEmploymentContractsWereOrWillBeTerminated|
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None
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oda_TotalAmountOfSeveranceAndTerminationPaysThatWasOrWillBePaid|
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None
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oda_PrecautionsTookIntoConsiderationByCompanyManagement|
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-
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oda_ConditionsRequiredForGoingIntoOperationAgain|
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Completion of Maintenance and Improvement Works
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oda_ExpectedDateToBeginOperations|
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End of May 2019
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oda_EffectsOnContinuityAssumptionOfCompany|
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No impact
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oda_ExplanationSection|
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oda_AdditionalExplanationTextBlock|
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A shut down is planned in our Izmit Refinery Fuel Oil Conversion Unit (operating since 2015) due to periodic maintenance, which is technically required in every 4 years with suspension of all units. Some equipment changes regarding improvement investments will also be completed in addition to the maintenance activities; total duration of maintenance is planned 90 days.
Although no reduction is foreseen on Tüpraş' sales volume as production loss will be compansated by increased imports, Battery shut down is expected to decrease the monthly EBITDA by $40 million. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.