Update on Forward Looking Expectations
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English
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Evet (Yes)
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Hayır (No)
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16.02.2022
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Hayır (No)
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2022 expectations are given below; Tüpraş Net Margin Tüpraş Net Refining Margin expectation is 8 – 9 $/v (previously: 4 - 5 $/v) Operational Targets Capacity utilization: %90-95 (no change) Production: ~26-27 million tons (no change) Total Sales: ~28-29 million tons (no change) Investments Total investments expectation is ~300 Milyon $ (no change) Approximately 45% of our investments are focused on sustainability, including energy efficiency and environmental projects. Med Complex Margin The Mediterranean Complex Refinery Margin is a theoretical calculation and has lost its indicative quality due to the high volatility observed in the oil markets recently. Considering these conditions, expectation sharing regarding this indicator has been stopped until market conditions normalize. Net Refining Margin While preparing our Net Refinery Margin expectation, it was assumed that the current high level of product margns would gradually return to seasonal normals towards the end of the second quarter. |