Turkiye Petrol Rafinerileri A S : 2016 Expectations
February 12, 2016 at 04:27 pm EST
Share
2016 expectations are given below;
Brent Crude
45-55 $/bbl
Med Complex Margin & Tupras Net Margin
We expect Med Complex margins to be 3,5 - 4,0 dollar per barrel band in 2016.
Tupras net refinery margins, we expect this to be in the region of 5,8 - 6,3 dollars per barrel
Capacity Utilisation
Expected Capacity Utilisation in 2016 will be around 100 %.
Production will therefore be approximately 28 million tons
Imports of finished products will be minimal, as we focus on selling increased volumes of production
Total sales volume will be 30 million tons
Investment
Total investments for 2016 will be about 270 Million dollars
TUPRAS - Turkiye Petrol Rafinerileri AS issued this content on 12 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2016 21:26:34 UTC
Original Document: http://www.tupras.com.tr/detailpage.en.php?lPageID=7587
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 
