Turkiye Petrol Rafinerileri : Forward Looking Evaluations
February 13, 2017 at 12:23 pm EST
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2017 expectations are given below;
Brent Crude
-55 $/bbl
Med Complex Margin & Tupras Net Margin
-We expect Med Complex margns to be 4,0 - 4,5 dollar per barrel band in 2017.
-Tupras net refinery margns, we expect this to be in the region of 5,75- 6,25 dollars per barrel
Capacity Utilisation
-Expected Capacity Utilisation in 2017 will be around 100 %.
-Production will therefore be approximately 29,2 million tons
-Imports of finished products will be minimal, as we focus on selling increased volumes of production
-Total sales volume will be 30,6 million tons
Investment
-Refining investments for 2017 will be about 225 Million dollars
-Additionally, 125 million USD investment is planned for increasing the marine tanker fleet capacity.
TUPRAS - Turkiye Petrol Rafinerileri AS published this content on 13 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 February 2017 17:22:25 UTC.
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Turkiye Petrol Rafinerileri AS is a Turkey-based company that is engaged, together with its subsidiaries, in the refining of crude oil and petroleum products. Its refineries produce a full range of refined petroleum products, including diesel, fuel oils, jet fuel, gasoline and asphalt. The Group also imports and sells petroleum products and engages in the distribution, retailing and marine transportation of crude oil and refined products. It is mainly engaged in the following fields: to provide and refine crude oil, to import and export petroleum products, and to establish and operate domestic and foreign refineries for this purpose; to establish and operate factories and facilities in petrochemical and other related industries; to establish and operate facilities and plants related with energy and energy related industries, as well as to purchase, sell, import, export, store, market and distribute petroleum products, Liquefied Petroleum Gas (LPG) and natural gas, among others.
TÜRKIYE PETROL RAFINERILERI 
