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7/27/2019 Petkim Petokimya Turkey - 2009.
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P e t k i m P e t r o
c h e m i c a l H o
l d i n g C o r p .
P r e s e n t a t i o n t o I n v e s t o r s
J u n e 2 0 0 9
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I n v
e s t m e n t H i g h l i g h t s
G r o w t h P l a n & S t r a t e g y
A G E N D A
C o m p a n y O v e r v i e w
K e y
F i n a n c i a l s
G e n e r a l O v e r v i e w o f T u r k
e y
E c o n o m
y &
P
e t r o c h e m i c a l I n d u s t r y
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W o r l d E c o n o m y
a n d P e t r o c h e m
i c a l M a r k e t
W O R L D G D P G R O W T H
R A T E I S E S T I M A T E D
A R O U N D 2
% I N 2 0 1 0
T H E D O W N T U R N
I S A B O U T T O B O T T O M
O U T , T I M E F O R I N V E S T M E N T
W O R L D P E T R O C H E M
I C A L
P
R O D U C T I O N W A S D R A G D O W N
T
O T H E L E V E L S O F 1 5 - 2 0 Y E A R S
E A R I E R
C A P A
C I T Y U T I L I Z A T I O N R A T E
S
D E C R E A S E D T O 6 5 - 7 0 % L E V E L S
I N P E T
R O C H E M I C A L S E C T O R
I N
W E S T E R N E U R O P E
T H E A B R U P T D E C L I N E S I N O I L
A N D N A P H T H
A P R I C E S A R E
M A I N L Y D U E T
O C O N T R A C T I O N
I N D E M A N D
c r u d e
n a p h t h a
D a i l y Q N A F - C - N W E , Q B R T -
2 9 / 0 5 / 2 0 0 8 - 0 7 / 0 6 / 2 0 0 9 ( G M T )
L i n e , Q N A F - C - N W E , L a s t Q u o t e ( L a s t )
0 5 / 0 6 / 2 0 0 9 , 5 4 8
L i n e , Q B R T - , L a s t Q u o t e ( L a s t )
0 4 / 0 6 / 2 0 0 9 , 4 9 9 . 2 8
P r i c e
U S D
T . 1 2 2
0 0
3 0 0
4 0 0
5 0 0
6 0 0
7 0 0
8 0 0
9 0 0
1 , 0 0 0
1 , 1 0 0
J u n
J u l
A u g
S e p
O c t
N o v D
e c
J a n
F e b
M a r
A p r
M a y
J u n
Q 2 0 8
Q 3 2 0 0 8
Q 4 2 0 0
8
Q 1 2 0 0 9
Q 2 2 0 0 9
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M u c h l o w e r e n e r g y p r i c e s
C o n s u m e r s s e e p r i c e s f a l l i n g
U n e m p l o y m e n t b e n e f i t s e x t e n d e d
C o
n s t r u c t i o n c o s t s d e c l i n i n g ; i n t e r e s t s r a t e s
a t h i s t o r i c l o w
S t i m u l u s P a c k
a g e s t o b o o s t t h e d e m a n d
P e r c e p t i o n i s r e a l i t y ; a l l a r e e n g a g e d i n f i g h t i n
g b a c k
G l o b a l G D P g r o w t h w i l l r e s u m e ~ b a c k t o t r e n d r a t e b y l a t e 2 0 1 0
G
o o d N e w s
C o n s u m e r a d v e r s e t o s p e n d i n g
A u t o I n d u s t r y l i v i n g
o n i n v e n t o r y
I n f l a t i o n o n t h e h o r i z o n
C r e d i t s t i l l s o m e w h a t r e s t r i c t e d
D e v e l o p e d e c o n o m
i e s i n d e c l i n e
W o r s e g l o b a l r e c e s s
i o n s i n c e 1 9 3 8
B a d N e w s
T h e W
o r l d E c o n o m
y - U n c e r t a i n t y C o n t i n u e
s .
C o n
s u m e r C o n f i d e n c e I n
d i c e s i m p r o v e a r o u n
d t h e w o r l d
O v e r - S u p p l i e d m a r k e t e n v i r o n m e n t
C l o s u r e o f h i g h c o s t u n d e r p e r f o r m i n g c a p a c i t i e s
S C M A I
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M a r k e t C o n d i t i o n s
2
0 0 8
2 0 0 9 Q 1
D e m a n d f o r m o s t p e t r o c h e m i c a l s w
a s h e a v i l y
b o t t e m e d . L a
t e l y , h o w e v e r t h e r e i s s o m e r e b o u n d i n
d e m a n d m a i n l y d r i v e n b y A s i a ( C h i n a a n d I n d i a )
O p e r a t i n g r a t e s w e r e g r e a t l y r e d u c e d , p l a c i n g
m o u n t i n g p r e
s s u r e o n f i x e d c o s t s o f p r o d u c t i o n .
A l l s e c t o r s a r e e x p e r i e n c i n g o v e r - s u p p l y
c h a l l e n g e s , e
v e n t h o u g h s o m e o f t h
e n e w c a p a c i t y
h a s b e e n d e l a y e d .
D e m a n d i s i m
p r o v i n g , f e e d s t o c k p r i c e s a r e
m o d e r a t i n g , m a r g i n s a r e b u i l d i n g u p
C r u d e o i l p r i c e s s u r g
e d t o $ 1 4 7 p e r b a r r e
l i n
J u n e , a l e a p o f 4 0 p e r c e n t f r o m t h e b e g i n n i n
g o f
t h e y e a r ,
N a p h t h a p r i c e s i n c r e a s e d f o r t h e s i x t h
c o n s e c u t i v e q u a r t e r s , a b o v e $ 1 , 1 5 0 / M T i n m i d -
J u n e .
R i s i n g c o s t s a s s o c i a t e d w i t h r o c k e t i n g e n e r g y
v a l u e s f o r c e d p r i c e s h i g h e r , n e g a t i v e l y i m p a c t i n g
e a r n i n g s a l l t h r o u g h t h e v a l u e c h a i n .
I n t h e s e c o n d h a l f ; o i l a n d n a p h t h a p r i c e s t u m
b l e d
d o w n t o f i v e y e a r l o w s
P o l y m e r p r o d u c e r s s u f f e r e d f r o m t h e e r o s i o n
o f
m a r g i n s , p r o f i t a b i l i t y c o
l l a p s e d .
E x t r e m e l y p o o r d e m a n
d f o r c e d c o m p a n i e s t o
r e d u c e o p e r a t i n g r a t e s
a n d t e m p o r a r i l y c l o s e
d o w n
p l a n t s
D u e t o i n c r e
a s i n g r i s k s a n d v o l a t i l i t i e s , p r o d u c e r s
a r e h e a d i n g t o w a r d s t h e i r d o m e s t i c
m a r k e t s
G o v e r m e n t s ’ s t i m u l u s p a c k a g e s i n
c l u d i n g t a x c u t s
( e . g . V A T , e x c i s e t a x ) s t a r t e d t o s
h o w o n d e m a n d
s i d e .
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G e n e r a l O
v e r v i e w o f T
u r k e y
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G e n e r a l O
v e r v i e w o f T
u r k e y
7/27/2019 Petkim Petokimya Turkey - 2009.
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T r a n s p o r t a t i o
n o f O i l a n d N a t u r a l G a s
P E T K ø M
C E Y H A N
T B I L I S I
B A K U
E R Z U R U M
B T E
B T C
W i t h a 5 0 m
i l l i o n t o n / y e a r
c a p a c i t y , n e
a r l y
1 7 6 8
k m
l o n g , B a k u - T b i l i s i - C e y h a n o i l
p i p e l i n e
t r a n
s f e r s
C a s p i a n
o i l t o w o r l d m
a r k e t s .
W i t h a 3 0 b
i l l i o n c u b i c m e t e r s
n a t u r a l g a s t
h r o u g h p u t c a p a c i t y ,
9 3 3 k m ( 5 8 0 m i l e s ) l o n g o f B a k u -
T b i l i s i - E r z u r u m
( B T E )
p i p e l i n e
t r a n s f e r s A z e r b a i j a n i g a s f r o m t h e
S h a h D e n i z - I
f i e l d t o T u r k e y v i a
G e o r g i a
T h
e m i n i m i z a t i o n o f t r a n s p
o r t a t i o n c o s t s
D e c r e a s i n g f i n a n c i a l c o s t s
d u e t o s h o r t e r
d e
l i v e r y
S u p p l y s e c u r i t y a n d p r i c e s t a b i l i t y
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P E T K I M ’ s L a n d s c a p e
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C o m
p a n y O v e r v
i e w
•
E s t a b l i s h e d i n 1 9 6 5 / S
e c o n d c o m p l e x c o m
m i s s i o n e d i n 1 9 8 5
•
T h e s o l e p e t r o c h e m i c a l p r o d u c e r i n T u r k e
y
•
2 5 % d o m e s t i c m a r k e t s h a r e ( 2 0 0 8 ) w e l l
p o s i t i o n e d i n
g r o w i n g m a r k e t s
•
U S $ 2 2 7 m n r e v e n u e
( 2 0 0 9 Q 1 )
•
U S $ 1 8 m n E B I T D A ( 2 0 0 9 Q 1 )
•
N
a p h t h a , L P G , C 4 , C o n d e n s a t e
•
O
l e f i n s , p o l y o l e f i n s , c h l o r i n e v i n y l c h a i n ,
a
r o m a t i c s a n d o t h e r
b a s i c c h e m i c a l s
•
1 5 m a i n p l a n t s , 8 a u x i l i a r y u n i t s
•
L o c a t e d i n A l i a ÷ a n e a r I z m i r
•
S i t o n a l a n d o f 1 , 9 0 0 h
e c t a r e s ( 4 , 7 0 0 a c r e
s )
•
P o r t , w a t e r d a m , p o w e r g e n e r a t i o n u n i t ( 2 2 0 M W )
•
A d j a c e n t t o T ü p r a ú
A l i a
÷ a R e f i n e r y
•
A b o
u t 2 . 9 m n . t o n s g r o
s s p r o d u c t i o n
( r e a
l i z e d i n 2 0 0 8 )
•
A b o
u t 3 . 2 m n . t o n s g r o
s s p r o d u c t i o n
( p l a
n n e d f o r 2 0 0 9 )
P E T K I M
F A C I L I T I E S
M A I N
F E E D S T O
C K
P R O D U C T S
P R O D U C T I O N
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C l o s i n g p r i c e ( T R Y p e r s h a r e )
6 , 5 0
M C A P ( T R Y m n )
1 . 3 3 1
M C A P ( U S D m n )
8 7 0
F r e e f l o a t ( % )
3 8 . 7 %
P A
5 4 , 4 %
F r e e F l o a t
3 8 , 6 %
C i v i l
S e r v a n t s '
P e n s i o n
F u n d
7 , 0 %
P
A
1 0 , 3 %
F
r e e F l o a t
3 8 , 7 %
S O C A R -
T U R C A S
P E T R O
C H E M I C A L
C O M P A N Y
5 1 , 0 %
P e t k i m ’ s O w n e r s h i p S t r
u c t u r e
P e t k i m S h a r e I n f o r m a t i o n ( 3 0 J u n e 2 0 0 9 )
S h a r e h o l d i n g s t r u c t u r e b e f o r e
P r i v a t i z a t i o n
P e t k i m ’ s S h a r e P e r f o r m a n c e
S h a
r e h o l d i n g s t r u c t u r e a f t e r
P r i v a t i z a t i o n
I
M
2 0 0 8 t h
l
i t d
i
t i
t i
l i
d S
& T
C
t i
b i d $ 2 0 4 b
R
e l a t i v e P e r f o r m a n c e
5 0 6 0 7 0 8 0 9 0 1 0 0
1 1 0
1 2 0
J u n - 0 8 J u l - 0 8 A u g - 0 8 S e p - 0 8 O c t - 0 8 N o v - 0 8 D e c - 0 8 J a n - 0 9 F e b - 0 9 M a r - 0 9 A p r - 0 9 M a y - 0 9 J u n - 0
9
I S E 1 0 0
P E T K I M
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t k i m ’ s p r i v a t i z a t i o n : a p o w
e r f u l s y m b o l
o f e c o n o m i c c o o p e r a t i o n
P E T K I M
A
b r i d g e l i n k i n g C a s p i a n a n d t h e A e g e
a n
S O C A R , a 1 0 0 % s t a t e - o w n e d c o m p a n y ,
o p e r a t i n g
o n
e x t r a c t i o n ,
r e f i n i n g ,
t r a n s p o r t a t i o n
o f
o i l ,
g a s
a n d
g a s
c o n d e n s a t e A m a j o r s h a r e h o l d e r i n t h e 5 0
m i l l i o n
t o n
c a p a c i t y
B T C
c r u d e
o i l
p i p e l i n e , w h i c h t r a
n s p o r t s 6 , 6 m n . c u b i c
m e t e r s o f n a t u r a l g a s t o T u r k e y
T u r c a s P e t r o l ( T u r c a s ) , i s a n a t i o n w i d e
p e t r o l e u m
p r o d u c t s d i s t r i b u t i o n c o m p a n y
o p e r a t i n g o n p e t r o l e u m
d i s t r i b u t i o n , o i l
r e f i n i n g , p e t r o c
h e m i c a l p r o d u c t i o n
a n d
m a r k e t t i n g , p o w
e r g e n e r a t i o n , d i s t r i b u t i o n
a n d t r a d i n g , n a t u r a l g a s i m p o r t a t i o n a n d
w h o s e s a l e i n e n e r g y m a r k e t s
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P r o d u
c t s a n d C a p
a c i t y
P
E T K I M
A L I A G
A C O M P L E X
S T A R
T - U P 1 9 8 5
P E T K I M
P E T K I M
A L I A G A C O M P L E X
A L I A G A C O M P L E X
S T A R T
S T A R T - - U P 1 9 8 5
U P 1 9 8 5
TOTAL
C a
p a c
i t y
1 ,
9 1
6 ,
0 0
0
t o n
/ y
r
T
OTAL
T
OTAL
C a
p a c
i t y
1
,
C a
p a c
i t y
1
, 9
1 6
9 1
6 ,
0 0
0
t
, 0 0
0
t o o n
/ y
r
n /
y r
OtherP
roducts
1
C a
p a c
i t y
9 5 4
, 0 0
0
t o n
/ y
r
Ot h
er
Prod
ucts
Ot h
er
Prod
ucts
11
C a
p a c
i t y
9
C a
p a c
i t y
9 5 4
5 4
, 0 0
0
t
, 0 0
0
t o o n
/ y
r
n /
y r
Fib
erR
aw
Mater ia
ls
C a
p a c
i t y
2 4 9
, 0 0 0
t o n
/ y
r
Fiber
Fiber
Ra
w
Materials
Ra
w
Mater ia
ls
C a
p a c
i t y
2 4 9
, 0 0 0
t
C a
p a c
i t y
2 4 9
, 0 0 0
t o o n
/ y
r
n /
y r
Th
ermopla
stics
C a
p a c
i t y
7 2 4
, 0 0
0
t o n
/ y
r
Therm
oplastics
Th
erm
opla
sti
cs
C a
p a c
i t y
7
C a
p a c
i t y
7 2 4
2 4
, 0 0
0
t
, 0 0
0
t o o n
/ y
r
n /
y r
1 E t h y l e n e ( 5 2 0 , 0 0 0 ) , V C M
( 1 5 2 , 0 0 0 ) , P A ( 3 4 , 0 0 0 ) , C h l o r i n
e
( 1 0 0 , 0 0 0 ) , B e n z e n e ( 1 3 4 , 0 0 0 ) , M B ( 1 0 , 0 0 0 ) , P l a s t i c P r o d
u c t s
( 4 , 0 0 0 )
E T H Y L E N E
5 2 0
P R O P Y L E N E
2 4 0
C 4
1 4 0
P Y - G A S
3 9 0
A R O M A T I C S 3 3
3 4 6
B E N Z E N E
1 6 0
P - X
1 3 6
O - X
5 0
C H L O R I N E
1 0 0
V C M
1 5 2
P V C
1 5 0
L D P E 2
3 3 4
H D P E
9 6
P P 2
1 4 4
M E G
8 9
A C N
9 0
P T A
7 0
P A
3 4
P o w e r ( M W )
2 2 6
P r o d u c t C a p a c i t y
( t h o u s a n d t o n s
)
P L A N T C A P A C I T Y
P L A N T
C A P A C I T Y
P L A N T
C A P A C I T Y
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P e t k i m ’ s T o d a y
P r o d u c t i o n f o r M
a r k e t i n g ( t h o u s a n d t o n s )
B r e a k d o w n o f P r
o d u c t i o n f o r M a r k e t i n g
Q
1 2 0 0 9
1 4 2 7
1 4 0 9
3 3 5
3 0 7
2 9 4
1 3 8 3
0 , 0
2 0 0 , 0
4 0 0 , 0
6 0 0 , 0
8 0 0 , 0
1 0 0 0 , 0
1 2 0 0 , 0
1 4 0 0 , 0
1 6 0 0 , 0
2 0 0 6
2 0 0 7
2 0 0 8
Q 1 0 8
Q 4 0 8
Q 1 0
9
N e t S a l e s ( m n $ )
B r e a k d o w n o f S a l e s R e
v e n u e s
Q 1 2 0 0 9
P V C
1 2 %
L
D P E
2
1 %
H D P E
7 %
P P
9 %
A C N
7 %
C 5
5 %
B e n z e n e
9 %
P - X
6 %
O t h e r s
1 4 %
P T A
3 %
P y - G a s
7 %
P V C
1 0 %
L D P E
3 4 %
H D P E
1 0 %
P P
1 1 %
A C
N
7 %
C 5 2 %
P - X
6 %
O t h e r s
1 0 %
B e n z e n e
3 %
P T A 3 %
P y - G
a s
4 % 1 . 5 6 1
1 . 6 7 4
1 . 7 9 5
4 7 6
2 2 7
2 7 8
0
2 0 0
4 0 0
6 0 0
8 0 0
1 . 0
0 0
1 . 2
0 0
1 . 4
0 0
1 . 6
0 0
1 . 8
0 0
2 . 0
0 0
2 0 0 6
2 0 0 7
2 0 0 8
Q 1 0
8
Q 4 0 8
Q 1 0 9
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P e t k i m ’ s T o d a y
O t h e r s
1 %
A m e r i c a
1 4 %
E
U
C o u n
t r i e s
5 4
%
A s i a - F a r E a s t
2 2 %
M i d d l e E a s t -
A f r i c a
9 %
B e n z e n
2 7 %
P T A
2 %
P - X 7 %
P y - G a s
8 %
C a u s t i c
1 %
A C N
4 %
M E G
6 %
O t h e r
4 %
C 4
2 3 %
P P
2 %
P V C
2 %
H D P E
2 %
L D P E
1 2 %
• P e t k i m
p r o
d u c t s a r e e x p o r t e d t o a
r o u n d 6 0 d i f f e r e n t
c o u n t r i e s
• B e n z e n e , L
D P E , P y - G a s a n d P - X a
r e t h e m a i n e x p o r t
p r o d u c t s , i n
Q 4 2 0 0 8 a n d Q 1 2 0 0 9 , C 4 w a s c o - c r a c k e d
d u e t o c o s t a d v a n t a g e
• T h e t h i r d e x p o r t e r i n c h e m i c a l i n d u s t r y i n T u r k e y
S h a r e o f e x p o r t p r
o d u c t s i n r e v e n u e s 2
0 0 8
B r e a k d o w n o f e x p o r t s b y r e g i o n 2 0 0 8
E x p o r t R e v e n u e s b y Y e a r s
( m n $ )
1 2 7
2 1 7
4 1 0
3 5 8
5 2 3
1 4 3
7 9
4 5
1
8 2
0
1 0 0
2 0 0
3 0 0
4 0 0
5 0 0
6 0 0
2 0 0 3
2
0 0 4
2 0 0 5
2 0 0 6
2 0 0 7
2 0 0 8
Q 1 0 8
Q 4 0 8
Q 1 0 9
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P e t k i m ’ s T o d a
y
P e t k i m T h e r m o p l a s t i c
s a n d N a p h t h a P r i c e C h a n g e s
G l o b a l I n t e g r a t e d C h a
i n E B I T
R
a w M a t e r i a l a n d P r o d u c t P r i c e s *
3 0
2 2 9
3 9
1 4 8
1 5 1
- 2
6
- 3 2
1 8
- 1 5 0
- 1 0 0
- 5 0 0
5 0
1 0 0
1 5 0
2 0 0
2 5 0
2 0 0 3
2 0 0 4
2 0 0 5
2 0 0 6
2 0 0 7
2 0 0 8
Q 1
2 0 0 8
Q 4
2 0 0 8
Q 1
2 0 0 9
L a b o u r
9 %
E n e r g y
1 1 %
O t h e r s
1 2 %
a w
M a t e r i a l
6 8 %
C o s t B r e a
k d o w n *
0 2 5 0
5 0 0
7 5 0
1 , 0 0 0
L D P E
H D P E
P P
M E G
P V C
N a p h t h a C o s t
E n d P r o d u c t P
r i c e s
I n d e x ( 2 0 0 7 J a n = 1 0 0 )
P e
t k i m E B I T D A P e r f o r m a n
c e ( U S $ m n )
0 5 0
1 0 0
1 5 0
2 0 0
J a n 0 7 M a r c h 0 7 ' M
a y 0 7 J u l y 0 7 S e p 0 7 N o v 0 7
J a n 0 8 M a r c h 0 8 A p r 0 8J u l y 0 8 S e p 0 8
N o v 0 8 J a n 0 9 M a r c h 0 9
T h e r m
o p l a s t i c s
N a p h t h a
* A s o f Q 1 2 0 0 9
S o u r c e : C M A I
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P e t k i m ’ s T o d a
y E m
p l o y e e s a n d p e r C a p i t a E f f i c i e n c y
0
1 0 0
2 0 0
3 0 0
4 0 0
5 0 0
6 0 0
2 0 0 1
2 0 0 2
2 0 0 3
2 0 0 4
2 0 0 5
2 0 0 6
2 0 0 7
2 0 0 8
2 0 0 9
Q 1
0 1 0 0 0
2 0 0 0
3 0 0 0
4 0 0 0
5 0 0 0
6 0 0 0
7 0 0 0
N e
t s a
l e s
( U S $ 0 0 0 ) / c a p
i t a ( L e f
t a x
i s )
P r o
d u c
t i o n
f o r m a r k e
t i n g
( t o n s )
/ c a p
i t a ( L e
f t a x
i s )
E m p
l o y e e s
( R i g h t a x
i s )
P r o d u c t i o n
p e r c a p i t a h a s
i n c r e a
s e d f r o m 4 5 7
t o n s / c a
p i t a i n 2 0 0 8 t o
6 5 1 t o n s / c a p i t a i n Q 1
2 0 0 9
I m p r o v i n g p r o d u c t i v i t y a n d e f f i c i e n c
y
I n c r e a s i n g c a p a c i t y
w i t h r e d u c e d
n u m b e r o f e m p l o y e e s
O n g o i n g r e s t r u c t u r i n g a t o r g a n i z a t i o n a l l e
v e l :
9
A s s e s s i n g
p e r s o n n e l e f f i c i e n c y
w i t h
b e n c h m a r k s
9
O u t s o u r c i n g
o f
n o n - c o r e a c t i v i t i e s
( c a t e r i n g ,
s o m e
s u p p o r t s e
r v i c e s )
c o m p l e t e d .
9
O u r s o u r c i n g o f m a i n t e n a n c e , a f t e
r s a l e s
s e r v i c e s .
P l a n t m a i n t e n a n c e , p o w e r g e n e r a t i o n , p o r t
m a n a g e m e n t a r e c u r r e n t l y m a n a g e d
i n -
h o u s e .
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7 6
6 8
4 4
1 9
4 3
2 5
5 2
1 9
1 9
2 2
0 2 0
4 0
6 0
8 0
Q 1 0 8
Q 2 0 8
Q 3
0 8
Q 4 0 8
Q 1 0 9
C a s h
B a n k D e b t
B
a l a n c e S h e e t ( U
S $ M i l l i o n ) ( I F R S ) K e
y F i n a n c i a l s
F X
r a t e s a r e 1 , 5 1 2 3 T L / U S D a n d 1 , 6 8 8 0
f o r r 3 1 M a r c h 2 0 0 9 a n d 3 1 D e c e m b e r 2 0 0 8 r e s p e c t i v e l y .
C a s h & B a n k D e
b t m n U S D
R e c e i v a b l e s , I n v e n t o r i e s a n d P a y a b l e s m n U S D
3 1 / 1 2 / 2 0 0 8
3 1 / 0 3 / 2 0 0 9
1 4 9
5 8
1 1 5
2 9 3
1 9
1 . 1 2 3
1 9
1 1
4 3
1 1 5
1 4 6
8 9
6 0
8 9 7
1 . 1 2 3
1 6 6
1 3
3 1 7
1 . 0 5 3
1 9 1 2 1 4 5
1 8 5
5 7
8 1 1
1 . 0 5 3
C
a s h & C a s h E q u i v a l e n t s
T r a d e R e c e i v a b l e s
I n
v e n t o r i e s
O
t h e r C u r r e n t A s s e t s
C
u r r e n t A s s e t s
L o n g - T e r m A s s e t s
T O T A L A S S E T S
F i n a n c i a l L i a b i l i t i e s
P
a y a b l e s
T r a d e P a y a b l e s
S
o r t - T e r m L i a b i l i t i e s
L o n g - T e r m L i a b i l i t i e s
S
h a r e h o l d e r s ’ E q u i t y
T O T A L L I A B I L I T I E S
8 3 0
7 3 6
- 3 0 0
- 1 5 0 0
1 5 0
3 0 0
Q 1 0 8
Q 2 0 8
Q 3 0 8
Q 4 0 8
Q 1 0 9
R e c e i v a b l e s
I n v e n t o r i e s
P a y a b l e s
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K e y F i n a n c i a l s
I n c o m e S t a t e m e n t ( U S $ M i l l i o n ) ( I F R S )
3 1 . 1 2 . 2 0 0 7
3 1 . 1
2 . 2 0 0 8
Q 1 2 0 0 8 Q
4 2 0 0 8
Q 1 2 0 0 9
N e t S a l e s
1 . 6 7 4
1 . 7 9 5
4 7 6
2 7 8
2 2 7
C o s t O f S a l e s ( - )
( 1 . 5 0 9 )
(
1 . 8 2 2 )
( 4 7 0 )
( 3 0 3 )
( 2 0 5 )
G r o s s P r o f i t ( L o s s )
1 6 5
( 2 7 )
5
( 2 5 )
2 2
O p e r a t i n g E x p e n s e s ( - )
( 7 7 )
( 7 2 )
( 2 2 )
( 2 2 )
( 7 )
O t h e r O p e r a t i n g I n c o
m e / ( E x p e n s e s ) , n e t
( 2 4 )
( 3 )
( 3 )
( 4 )
( 1 )
O p e r a t i n g P r o f i t / ( L o s s )
6 5
( 1 0 2 )
( 1 9 )
( 5 1 )
1 4
F i n a n c i a l I n c o m e / ( E x
p e n s e s ) , N e t
( 5 )
( 2 0 )
6
( 1 7 )
( 2 )
P r o f i t / ( L o s s ) B e f o r e
T a x a t i o n
6 0
( 1 2 2 )
( 1 3 )
( 6 8 )
1 2
D e f e r r e d T a x
( 3 )
5
1
4
( 4 )
N e t P r o f i t / ( L o s s ) f o r
t h e P e r i o d
5 7
( 1 1 7 )
( 1 2 )
( 6 4 )
7
D e p r e c i a t i o n
7 5
8 3
2 1
1 8
1 7
I n
t e r e s t ( I n c o m e ) / E x p e n s e s
o n C a s h a n d B a n k D e b t
( 1 )
6
( 0 )
7
1
P r o v i s i o n s
1 7
3 0
( 2 )
1 1
( 1 2 )
E B
I T D A
1 5 1
( 2 )
6
( 3 2 )
1 8
A v
e r a g e F X r a t e s T L / U S D
1 , 3
0 1 5 1
1 , 2
9 2 9 1
1 , 1
9 6 5 8
1 , 5
3 3 2 2
1 , 6
4 9 5
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F O R E
I G N
C U R R E
N C Y
L O N G T
E R M
L O N G
T E R M
N A T I O N A L
M a y ,
2 0 0 9
B B - ( n e
g a t i v e )
B B - ( n e g a t i v e )
A A - ( t u r ) ( n e g a t i v
e )
S e p t e
m b e r , 2 0 0 8
B B - ( s t a b l e )
B B - ( s t a b l e
)
A A - ( t u r ) ( s t a b l e )
J a n u
a r y ,
2 0 0 8
B B ( s t a b l e )
B B ( s t a b l e )
A A ( t u r ) ( s t a b l e )
J u n e ,
2 0 0 7
B B ( s t a b l e )
B B ( s t a b l e )
A A ( t u r ) ( s t a b l e )
A p
r i l , 2 0 0 7
B B ( s t a b l e )
B B ( s t a b l e )
A A - ( t u r ) ( s t a b l e )
F e b r u a r y ,
2 0 0 6
B B - ( s t a b l e )
B B ( s t a b l e )
A A - ( t u r ) ( s t a b l e )
F e b r u a r y ,
2 0 0 5
B B - ( s t a b l e )
B B ( s t a b l e )
A +
( t u r ) ( s t a b l e )
D A T E
L O
C A L C U R R E N C Y
P e t k i m ’ s T o d a
y
F I T
C H R A T I N G S
W h i l e m a n y p e t r o c h e m i c a l c o m p a n i e s ’ c r e d i t
r a t i n g s w e r e d o w n g r a d e d
a l l a r o u n d t h
e w o r l d , F i t c h r a
t i n g s a f f i r m e d P
e t k i m ’ s r a t i n g w
i t h B B -
a n d c h a n g e d i t s o u t l o o k t o n e g a t i v e d u e t o F i t c h ’ s a n t i c i p
a t i o n
o f e c o n o m i c s l u m p w e i g h i n g o n g l o b a l p e t r o c h e m i c a l s e
c t o r
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I n v e s
t m e n t H i g h l i g h t s
P E T K
ø M
D o m i n a n t p r o d u c e r
2 5 % m
a r
k e t s h a r e
M a r k e t
S i z e
U S $
6 - 7 b i l l i o n
1 9 9 8 - 2 0 0 8 C A G R
T h e r m o p l a s t i c s
d e m a n d
8 %
G D P
4 %
G r o w t h P o t e n t i a l i n t h e D o m
e s t i c M a r k e t
- 2 0 , 0
- 1 0 , 0 0 , 0
1 0 , 0
2 0 , 0
3 0 , 0
4 0 , 0
1 9 9 8
1 9 9 9
2 0 0 0
2 0 0 1
2 0 0 2
2 0 0 3
2 0 0 4
2 0 0 5
2 0 0 6
2 0 0 7
2 0 0 8
G r o w t h
i n P l a s t i c s D e m a n d
G D P G r o w t h
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T U R K E Y
A n a
t t r a c t i v e
m
a r k e t
0
1 0 0 0
2 0 0 0
3 0 0 0
4 0 0 0
5 0 0 0
6 0 0 0
1 9 9 8
1 9 9 9
2 0 0 0
2 0 0 1
2 0 0 2
2 0 0 3
2 0 0 4
2 0 0 5
2 0 0 6
2 0 0 7
2 0 0 8
2 0 1 5
E
T h e
r m o p l a s t i c s
F i b e r R a w
R u b
b e r R a w
U . S . A
9 3
9 0
7 5
W . E u r o p e
7 5
7 8
6 9
T u r k e y
4 0
4 5
4 3
R e p u b
l i c o f C h i n a
2 0
3 0
2 8
W o r l d
2 4
2 5
2 4
B r a z i l
2 2
2 3
2 5
I n d i a
5
6
5
P e
t r o c h e m i c a l s D o m e
s t i c D e m a n d
( t o n s )
K g / c a p
i t a
2 0 0 6
2 0 0 7
2 0 0 8
P l a s t i c s C o n s u m p t i o n p e r C a p i t a
1 9 9 8 - 2 0 0 8 C A G R
T h e r m o p l a s t i c s
8 %
F i b e r R a w M a t .
3 %
R u b b e r R a w M a t .
8 %
L a r g e m a r
k e t s i z e
s u i t a b l e f o r
o p t i m u m
s c a l e p
l a n t s
N e w R e f i n e r y
P
r o j e c t s i n T u r k e y
“ I n
t e g r a t i o n S y n e r g y
”
O n e o f t h
e
f a s t e s t g r o w
i n g
m a r k e t s
I n v e s
t m e n t H i g h l i g h t s
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N E W I
N C E N T I V E P A C
K A G E
• I n c e
n t i v e p a c k a g e h a s b e e n a n n o u n c e d b y
t h e g o v e r n m e n t
• T h e
f o l l o w i n g r e l a t e d s e c t o r s a r e w i t h i n t h e
s c o p e o f t h e p a c k a
g e
- B a s i c C h e m i c a l s
> T L 1 b n
- O t h e r C h e m i c a l s
> T L 3 0 0
m n
- R e f i n e r y
> T L 1 b n
- P o r t a n d P o r t S e r v i c e s > T L 2 5 0
m n
- P i p e l i n e T r a n
s p o r t a t i o n
• I n c e n t i v e s i n c l u d e ;
- C o r p o r a t e t a x r e d u c t i o n s ( f r o m 2
0 % t o 1 0 % )
- S o c i a l s e c u r i t y p r e m i u m w a i v e r s
f o r t w o y e a r s
- V A T & C u s t o
m s t a x e x e m p t i o n
• T h e
p o s i t i v e i m p a c t o f i n c e n t i v e p a c k a g e o n i n v e s t m e n t c o s t
i s e s t i m a t e d a s 1 0 % .
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•
H y d r o c a r b o n r i c h o w n e
r
( S O C A R )
• E x p e r i e n c e d l o c a l o w n e
r i n
P e t r o l e u m m a r k e t ( T u r c a s )
• V e r t i c a l i n t e g r a t i o n p o s s
i b i l i t y
t o i n c r e a s e c o m p e t i t i v e p o w e r
o f P e t k i m w i t h r e f i n e r y
i n v e s t m e n t
F e e d s t o c k R e l i a b i l i t y
I n v e s t m e n t H i g h l i g h t s
• E x c e l l e n t l o c a t i o n
a n d l o g i s t i c s
• P o
w e r a n d s t e a m
g e n e r a t i o n
• O n
t h e s h o r e
• N e
x t t o t h e r e f i n e r y
• E x i s t i n g i n f r a s t r u c t u r e f o r
c a p a c i t y e x p a n s i o n
A “ s u p e r s i t e ”
• N a p h t h a - L P G b a s e d f u l l y
i n t e g r a t e d p r o d u c t i o n r e s u l t s
i n a m o r e d i v e r s i f i e d p r o d u c t
p o r t f o l i o
• W e l l m a i n t a i n e d a s s e t s
• 1 0 - y e a r a v e r a g e
c a p a c i t y
u t i l i z a t i o n r a t e 9 3
%
P r o d u c t i o n
b a s e
• C o m p l e t e d r e c e n t c a p a c i t y
e x p a n s i o n d e b o t t l e n e c k i n g
a n d m o d e r n i z a i t o n a t a r o u n d
U S $ 5 0 0 m i l l i o n .
C a p a c i t y i n c r e a s e
• E n e r g y s a v i n g
• O p e r a t i o n a l e x c e l l e n c e
• B u s i n
e s s T r a n s f o r m a t i o n
P r o g r a m m e
• E R P i m p l e m e n t a t i o n
• E F Q M T o t a l Q u a l i t y
M a n a
g e m e n t
• P e r f o
r m a n c e M a n a g e m e n t
• S u g g e s t i o n a n d R e w a r d
S y s t e m R e
s t r u c t u r i n g
•
O n e o f t h e f a s t e s t g r o w i n g
m a r k e t s
•
O n e o f t h e b i g g e s t
i m p o r t e r s o f
p e t r o c h e m i c a l s
T u r k i s h M a r k e t
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G R O W T H P L A N
U P S T R E A M
S e c u r e a n d
r e l i a b l e f e e d s t o c k
R e f i n e r y
( S o c a r - T u r c a s )
D O W N S T R E A M
• w i d e p r o d u c t r a n
g e
• s p e c i a l t y c h e m i c a l s
w i t h h i g h v a l u e
a d d e d
E
N E R G Y
P R O
D U C T I O N
L O G I S T I C S
& T R A D E
G r o w t h
P l a n a n d S t r a t e g y
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G r o w t h
P l a n a n d S t r a t e g y
G R
O W T H P L A N
S h o r t T e r m G
r o w t h P l a n s
M i d
t o L o n g T e r m G r o w t h P l a n s
•
C a p a c i t y e x p a n
s i o n / d e b o t t l e n e c k i n g
•
B u s i n e s s T r a n s
f o r m a t i o n P r o g r a m
•
F e e d s t o c k F l e x i b i l i t y
•
E n e r g y S a v i n g / c o s t r e d u c t i o n
•
L o g i s t i c s
•
S a l e s a n d M a r k
e t i n g
•
E R P P r o j e c t
•
T r a d i n g A c t i v i t i e s
•
U p s t r e a m i n v e s t m e n t s
( S O C A R - T U R C A S )
•
D o w n s t r e a m i n v e
s t m e n t s
•
E n e r g y – W i n d T u
r b i n e
•
L o g i s t i c s ( H a r b o u r , r a i l w a y . )
P e t k i m h a s a g e n e r a l s t r a t e g y o f
i n c r e a s i n g m a r k
e t s h a r e a n d h i g h c u s t o m e r
t i f
t i
V I S I O
N 2 0 1 8
T o b e c o m
e a r e g i o n a l
f o r c e i n t h e
p e t r o c h e m i c a l
s e c t o r
4 0 % o f M a r k e t S h a r e i n
2 0 1 8
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F e e d s t o c k F l e x i b i l i t y
E n e r g y
L o
g i s t i c s
T r a d i n g
S a l e s & M a r k e
t i n g
B u s i n e s s
T
r a n s f o r m a t i o n
C a p a c i
t y i n c r e a s e
• C
u t o f e x c i s e t a x o n L P G
• I n
c r e a s i n g L P G u t i l i z a t i o n i n f e e d
s l a
t e o f c r a c k e r
• U t i l i z a t i o n o f F l u i d C a t a l y t i c C r a c k i n g
( F C C ) a n d C 4 s t r e a m
• E n e r g y s a v i n g p r o g r a m
• O p p o r t u n
i t y f o r i m p o r t i n g N G
f r o m A z e r b
a i j a n
• F e a s i b i l i t y s t u d y f o r 4 7 , 7 M W
p o w e r g e n e r a t i o n f r o m w i n d
• D u a l f u e l f e a t u r e
• N e w d i s t r i b u t i o n c e n t e r s
• I n c r e a s e d t r a n s p o r t a t i o n b y r a i l
• I n c r e a s e d s a l e s d e l i v e r e d t o
c u s t o m e r s
• H a r b o u r e x p a n s i o n s t u d i e s f o r
c o n t a i n e r a n d R O R
O t r a n s p o r t a t i o n
• C a p a b i l i t y f o r s t o
r a g e f a c i l i t i e s
l e a s i n g
M e e t i n g t h e t o t a l n e e d s o f
c u s t o m e r s
• I n c r e a s e d p r o d u c t t r a d e
• T r a d i n g w i l l b e c o n d u c t e d b o
t h
f r o m A l i a g a a n d n e w l o g i s t i c
c e n t e r s
• N e w f i n a n c i a l o p t i o n t o
p r o m o t e s e l l i n g a c t i v i t i e s
C a p a c i t y i n c r e a s e b
y :
• E t h y l e n e a n d T h e r m o p l a t i c s
r e v a m p i n g
• D e b o t t l e n e c k i n g a n d m o d e r n i z a t i o n
• M a x i m i z i n g a s s e t u
t l l i t i z a t i o n
S h o r t T
e r m G r o w t h
P l a n s
R e v i e w i n
g t h e c u r r e n t p e r f o r m a n c e
A s s e s s i n g
t h e p o t e n t i a l i m p r o v e m e n t
a r e a s i n o r g a n i z a t i o n , m a i n t e n a n c e ,
e n e r g y , C r a c k e r & A r o m a t i c s , H S E a n d
o p e r a t i o n s
• I m p r o v i n g
I T i n f r a s t r u c t u r e w i t h E R P
a n d i n t e r g r a t e d M a n u f a c t u r i n g
E x e c u t i o n S y s t e m ( M E S )
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G R O W I N G W I T
H “ U P S T R E A M ”
I N V E S T M E N T S
R E F I N E R Y
F O R F E E D S T O C
K S U P P L Y
M i d t o L o n
g T e r m G r o w t h P l a n s
T O R E A C H
% 4 0 M A R K E T S H A R E W I T H
“ D O W N S
T R E A M ” I N V E S T M E N T S
C o n s t r u c t e d b y S O C A R &
T U R C A S
• C r e a t i o n o f s y n e r g y b y v e r t i c a l i n t e g
r a t i o n
• F e e d s t o c k r e
l i a b i l i t y f o r P e t k i m
• A d d i t i o n a l r e v e n u e f r o m s e r v i c e s p r o v i d e d t o t h e r e f i n e r y
P e t k i m h a s e n o u g h i n f r a
s t r u c t u r e a n d l a n d f o r t h e s
e i n v e s t m e n t s
T h e r e i s a d o u b l e d i g i t d
e m a n d g r o w t h i n T u r k i s h c
h e m i c a l m a r k e t s
P e t k i m w i l l t a k e t h e a d v a n t a g e o f i n c r e a s i n g c o m p
e t i t i o n p o w e r i n g l o b a l
m a r k e t s b y c r e a t e d s y n e
r g y
N e w i n v e s t m e n t o p p o r t u
n i t i e s w i l l b e s e e k e d w i t h t h e d o m e s t i c a n d f o r e i g n f i r m s .
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W e w e l c o m e y o u r q u e s t i o n s , c o m m e n t s a n d s u
g g e s t i o n s . O u r c o r p o r a t e
h e a d q u a r t e r s o f f i c e a d d r e s s i s :
P e t k i m P
e t r o c h e m i c a l H o l d i n g C o r p . P O . B o x . 1 2
A l i a ÷ a , 3
5 8 0 1 ø z m i r / T U R K E Y
T o c o n t a c t u s w i t h r e s p e c t t o s h a r e h o l d i n g r e l a t i o n s f o r i n d i v i d u a l a n d c o r p
o r a t e i n v e s t o r s , p l e a s e c a
l l d i r e c t l y o r s e n d
a n e - m a i l t o M s . F ü s u n U G A N
F i n a n c e
M a n a g e r
T e l
: + 9 0 2 3 2 6 1 6 1 2 4 0 ( E x t : 4 5 7 5 )
D i r e c t
: + 9 0 2 3 2 6 1 6 6 1 2 7
E - m a i l
: f u g a n @ p e t k i m . c o m . t r
M r . C . ù a f a k A Y I ù I ö I
A s s i s t a n
t G e n e r a l M a n a g e r ( F i n a n c e )
T e l
: + 9 0 2 3 2 6 1 6 1 2 4 0 ( E x
t : 2 1 5 0 )
F a x
: + 9 0 2 3 2 6 1 6 2 2 9 7
E - m a i l
: s a y i s i g i @ p e t k i m . c o m . t r
M r . K e n a n Y A V U Z
G e n e r a l M a n a g e r
T e l
: + 9 0 2 3 2 6 1 6 3 6 4 5
D i r e c t
: + 9 0 2 3 2 6 1 6 3 6 4 2
F a x
: + 9 0 2 3 2 6 1 6 3 6 8 0
E - m a i l
: k y a v u z @ p e t k i m . c o m . t r
A l s o , p l e a s e v i s i t o u r
w e b s i t e a t w w w . p e t k i m . c o
m . t r f o r f u r t h e r i n f o r m a t i o n
a n d q u e r i e s .
I n v e s t o r R e l a t i o
n s
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¾
P E T
K ø M P E T R O K ø M Y A H O L D ø N G A . ù .
G E
N E R A L M A N A G
E M E N T
A L
ø A ö A – ø Z M ø R / T U R K E Y
¾
P h o
n e :
+ 9 0 - 2 3 2 - 6 1
6 1 2 4 0 ( 2 0 l i n e s )
+ 9 0 - 2 3 2 - 6 1
6 3 2 4 0 ( 2 0 l i n e s )
¾
F a x :
+ 9 0 - 2 3 2 - 6 1 6 1 2 4 8
+ 9 0 - 2 3 2 - 6 1 6 1 4 3 9
+ 9 0 - 2 3 2 - 6 1 6 2 4 9 0
¾
W e b
s i t e : w w w . p e t k i m . c
o m . t r , E - m a i l : p e t k i m @ p e t k i m . c o m . t r
P E T K ø M G U Z E L H I S A R
W A T E R D A M
P E T K ø M P
O R T
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P e t k i m F l o w D i a g
r a m
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A z e r b a i j a n a n
d T u r k e y S t r a t e g i c
P r o j e c t s
B a k u - T b i l i s i - C e y h a
n o i l p i p e l i n e ( B T C )
N a t u r a l g a s p i p e l i n e “ ù a h d e n i z ”
R a i l w a y p r o j e c t b e
t w e e n t w o c o u n t r i e s
“ P e t k i m p r o j e c t ”
T u r k e y a n d
A z e r b a i j a n h a v e m a n y s t r a t e g i c c o r p o r a t i o n s p
l a n n e d
a n d r e
a l i z e d u p t o n o w
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B a k u - T b i l i s i - C
e y h a n * C O P L
P r o j e c t
T u r k e y - G r e e c
e N G T L
P r o j e c t
T r a n s c a s p i a n
T u r k m e n i s t a n -
T u r k e y E u r o p e N G T L P r o j e c t
A z e r b a i j a n - T u
r k e y N G T L
P r o j e c t
I r a q - T u r k e y N
G T L P r o j e c t
E g y p t - T u r k e y
N G T L P r o j e c t
T u r k e y - B u l g a r i a - R o m a n i a -
H u n g a r y - A u s t r i a N G T L
P r o j e c t ( N a b u
c c o P r o j e c t )
E a s t e r n B l a c k
S e a N G T L
W e s t e r n B l a c k S e a P r o j e c t
N a t u r a l G a s U
n d e r g r o u n d
S t o r a g e P r o j e
c t
T u r k e y :
A R e g i o n a l E n e r g y H
u b
.
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A z e r b a i j a n & T u r k e y
T u r k e y a n d A z e r b a
i j a n a r e s t r a t e g i c p a r t n e r s .
A z e r b a i j a n
h a v e c
r u d e
o i l a n d
n a t u r a l g a s
s o u r c e s w h i c h T u r k e
y d o n o t h a v e .
T u r k e y a n d A z e r b a i
j a n p a r t n e r s h i p w i l l p r
o v i d e
m a n y o p p o r t u n i t i e s
f o r T u r k e y a n d f o r P e t k
i m
S U P P L Y S E C U R I T Y
F O R T U R K E Y
D E M A N D S E C U R I T Y
F O R A Z E R B A I J A N
E N E R G Y
S E C U R I T Y
+ +
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B a k u - T b i l i s i - C e y h a n o i l p i p e l i n e ( B T C )
T u r k e y & A z e r b a i j a n
a r e i n t e r r e l a t e d w i t h
e a c h
o t h e r b y a v e r y i m p o r t a n t p r o j e c t – B a k u -
T b i l i s i - C e y h a n o i l p
i p e l i n e w h i c h t r a n s f e r s
C a s p i a n o i l e s p e c i a
l l y f r o m A z e r b a i j a n t o
w o r l d
m a r k e t s . 5
0 m i l l i o n t o n / y e a r c a
p a c i t y , n e a r l y 1
7 6 8 k m l o n g .
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P e t k
i m ’ s p r i v a t i z a t i o n : a p o w e r f u l s y m b o l o f e c
o n o m i c c o o p e r a t i o n
P E T K I M
A b r i d g e l i n k i n g C a s p i a n a n d t h e
A e g e a n
T u r k e y ’ s f i r s t p r i v a t e l y - o w n e d d i s t r i b u
t i o n c o .
T u r k p e t r o l a n d
L u b r i c a n t O i l s
( f o u n
d e d
i n
1 9 3 1 ) t e a m e d
u p w i t h B r i t i s h C a s t r o
l t o l a y
f o u n d a t i o n o f T u r c a s P e t r o l e u m
i n 1 9 8
8 . A f t e r
m e r g i n g
w i t h
T a b a s
i n
1 9 9 9
r e n a m e d
a s
T u r c a s
P e t r o l ,
w o r k i n g
i n
p e
t r o l e u m
d i s t r i b u t i o n ,
o i l
r e f i n i n g ,
p e t r o c
h e m i c a l
p r o d u c t i o n a n d m a r k e t t i n g , p o w e r g e n
e r a t i o n ,
d i s t r i b u t i o n
a n d
t r a d i n g ,
n a t u r a
l
g a s
i m p o r t a t i o n a n d w h o s e s a l e i n e n e r g y m
a r k e t s
u r c a s
P e t r o l ( T u r c a s ) , i s a n a t
i o n w i d e p e t r o l e u m p r o d u c t s
i s t r i b u t i o n c o m p a n y o p e r a t i n g o n p e t r o l e u m d i s t r i b u t i o n ,
i l r e f i n i n g , p e t r o c h e m i c a l p
r o d u c t i o n
a n d
m a r k e t t i n g ,
o w e r
g e n e r a t i o n , d i s t r i b u t i o n a n d t r a d i n g , n a t u r a l
g a s
p o r t
a t i o n a n d w h o s e s a l e i n e
n e r g y m a r k e t s
T h e S t a t e O i l
C o m p a n y o f A z e r b a i j a n
R e p u b l i c , S O C A R , i s a 1 0 0 %
s t a t e -
o w n e d c o m p a n y w i t h t h e a c t i v i t i e s o f
e x t r a c t i o n , r e f
i n i n g , t r a n s p o r t a t i o n o f
o i l , g a s a n d g a s c o n d e n s a t e , a n d s a l e
o f
o i l a n d
g a s
p r o d u c t s . A m a j o r
s h a r e h o l d e r i n
t h e
5 0
m i l l i o n
t o n
c a p a c i t y B T C c r u d e o i l p i p e l i n e , w h i c h
t r a n s p o r t s 6 , 6
m n . C u b i c m e t e r s o f
n a t u r a l g a s t o T u r k e y
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P E T K I M P O R T
2 0 0 8
G E N E R A
L C A R G O H A N D L I N
G
: 1 . 2
5 1 . 0
2 9 T O N
L I Q U I D
C A R G O H A N D L I N G
: 1 . 7
9 4 . 0
2 9 T O N
P L A N N I N G
2 0 1 5 T
A R G E T
G E N E R A L C
A R G O / B U L K H A N D L
I N G C A P A C I T Y : 3 . 0
0 0 . 0
0 0 T O N / Y E A R
L I Q U I D C A R G O H A N D L I N G C A P
A C I T Y
: 6 . 0
0 0 . 0
0 0 T O N / Y E A R
C O N T A I N E R H A N D L I N G C A P A C
I T Y
: 5 0 0
. 0 0 0 T E U / Y E A R
V E H I C L E H A N D L I N G C A P A C I T Y
: 1 4 0
. 0 0 0 C E U / Y E A R
2 0 2 6 T A R G E T
G E N E R A L C
A R G O / B U L K C A P A C
I T Y
: 3 . 0
0 0 . 0
0 0 T O N / Y E A R
L I Q U I D C A
R G O H A N D L I N G C A
P A C I T Y
: 1 0 .
0 0 0 . 0
0 0 T O N / Y E A R
C O N T A I N E
R H A N D L I N G C A P A C I T Y
: 1 . 2
0 0 . 0
0 0 T E U / Y E A R
V E H I C L E H
A N D L I N G C A P A C I T Y
: 1 4 0
. 0 0 0 C E U / Y E A R
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M a s t e r P l a n o f P E T K ø M P o r t a n d L o
j i s t i c A r e a
T E U o f a n n u a l c a p a c i t y
( 2 0 2 6 )
h i n g p o t e n t i a l o f t h e
i n g c a p a c i t y o f 8 5 0 0
T E U
n a m a x s h i p s h a v i n g
3 4 0 m a n d d r
a f t o f
1 4 , 5 m
h o f c o n t a i n e r
q u a y s
w i l l b e 7 6 5 m
o f s e a i n f r o n t o f t h e
y s w i l l b e 1 6 m