Post on 12-Apr-2015
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Investment Highlights
Growth Plan & Strategy
AGENDA
Company Overview
Key Financials
General Overview of Turkey
Economy & Petrochemical Industry
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World Economy and Petrochemical Market
WORLD GDP GROWTH RATE IS ESTIMATED AROUND 2 % IN 2010
THE DOWNTURN IS ABOUT TO BOTTOM OUT, TIME FOR INVESTMENT
WORLD PETROCHEMICAL PRODUCTION WAS DRAG DOWN TO THE LEVELS OF 15-20 YEARS
EARLIER
CAPACITY UTILIZATION RATES DECREASED TO 65-70% LEVELS IN PETROCHEMICAL SECTOR IN
WESTERN EUROPE
THE ABRUPT DECLINES IN OIL AND NAPHTHA PRICES ARE
MAINLY DUE TO CONTRACTION IN DEMAND
crudenaphtha
Daily QNAF-C-NWE, QBRT- 29/05/2008 - 07/06/2009 (GMT)
Line, QNAF-C-NWE, Last Quote(Last)05/06/2009, 548Line, QBRT-, Last Quote(Last)04/06/2009, 499.28
PriceUSDT
.12
200
300
400
500
600
700
800
900
1,000
1,100
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunQ2 08 Q3 2008 Q4 2008 Q1 2009 Q2 2009
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Much lower energy pricesConsumers see prices falling
Unemployment benefits extendedConstruction costs declining; interests rates at historic low
Stimulus Packages to boost the demandPerception is reality; all are engaged in fighting backGlobal GDP growth will resume ~ back to trend rate by late 2010
Good News
Consumer adverse to spending
Auto Industry living on inventory
Inflation on the horizonCredit still somewhat restrictedDeveloped economies in decline
Worse global recession since 1938
Bad NewsThe World Economy - Uncertainty Continues.
Consumer Confidence Indices improve around the world Over-Supplied market environment
Closure of high cost underperforming capacities
Source: CMAI
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Market Conditions 2008 2009 Q1
Demand for most petrochemicals was heavily bottemed. Lately, however there is some rebound in demand mainly driven by Asia (China and India)
Operating rates were greatly reduced, placing mounting pressure on fixed costs of production.
All sectors are experiencing over-supplychallenges, even though some of the new capacity has been delayed.
Demand is improving, feedstock prices aremoderating, margins are building up
Crude oil prices surged to $147 per barrel in June, a leap of 40 percent from the beginning of the year,
Naphtha prices increased for the sixth consecutive quarters, above $1,150/MT in mid-June.
Rising costs associated with rocketing energy values forced prices higher, negatively impacting earnings all through the value chain.
In the second half; oil and naphtha prices tumbleddown to five year lows
Polymer producers suffered from the erosion of margins, profitability collapsed.
Extremely poor demand forced companies to reduce operating rates and temporarily close down plants
Due to increasing risks and volatilities, producersare heading towards their domestic markets
Goverments’ stimulus packages including tax cuts(e.g. VAT, excise tax) started to show on demandside.
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BTC & BTE: A Major Role in Transportation of Oil and Natural Gas
PETKİM
CEYHAN
TBILISI
BAKUERZURUM
BTE
BTC
With a 50 million ton/year capacity, nearly 1768 km long, Baku-Tbilisi-Ceyhan oil pipeline transfers Caspianoil to world markets.
With a 30 billion cubic metersnatural gas throughput capacity, 933 km (580 miles) long of Baku-Tbilisi-Erzurum (BTE) pipelinetransfers Azerbaijani gas from theShah Deniz-I field to Turkey viaGeorgia
The minimization of transportation costsDecreasing financial costs due to shorterdeliverySupply security and price stability
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Company Overview• Established in 1965/Second complex commissioned in 1985• The sole petrochemical producer in Turkey• 25% domestic market share (2008) well positioned in
growing markets• US$ 227 mn revenue (2009 Q1)• US$ 18 mn EBITDA (2009 Q1)
• Naphtha, LPG, C4, Condensate• Olefins, polyolefins, chlorine vinyl chain,
aromatics and other basic chemicals
• 15 main plants, 8 auxiliary units• Located in Aliağa near Izmir• Sit on a land of 1,900 hectares (4,700 acres)• Port, water dam, power generation unit (220 MW)• Adjacent to Tüpraş Aliağa Refinery
• About 2.9 mn. tons gross production (realized in 2008)
• About 3.2 mn. tons gross production (planned for 2009)
PETKIM
FACILITIES
MAIN FEEDSTOCKPRODUCTS
PRODUCTION
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Closing price (TRY per share) 6,50MCAP (TRYmn) 1.331MCAP (USDmn) 870
Free float (%) 38.7%PA
54,4%
Free Float38,6%
Civil Servants' Pension
Fund7,0%
PA10,3%
Free Float38,7%
SOCAR-TURCAS PETRO
CHEMICAL COMPANY
51,0%
Petkim’s Ownership Structure
Petkim Share Information (30 June 2009) Shareholding structure beforePrivatization
Petkim’s Share Performance Shareholding structure afterPrivatization
In May 2008 the long-awaited privatization was realized. Socar&Turcas Consortium bid $ 2.04 bn. and acquired 51 % of Petkim’s stake successfully
Relative Performance
5060708090
100110120
Jun-08Ju
l-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-0
9Feb
-09Mar-
09Apr-0
9May
-09Ju
n-09
ISE 100 PETKIM
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Petkim’s privatization: a powerful symbol of economic cooperation
PETKIM A bridge linking Caspian and the Aegean
SOCAR, a 100% state-owned company, operating on extraction, refining, transportation of oil, gas and gascondensate A major shareholder in the 50 million ton capacity BTC crude oilpipeline, which transports 6,6 mn. cubicmeters of natural gas to Turkey
Turcas Petrol (Turcas), is a nationwidepetroleum products distribution companyoperating on petroleum distribution, oilrefining, petrochemical production andmarketting, power generation, distributionand trading, natural gas importation andwhosesale in energy markets
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Products and Capacity
PETKIMALIAGA COMPLEXSTART-UP 1985
PETKIMPETKIMALIAGA COMPLEXALIAGA COMPLEXSTARTSTART--UP 1985UP 1985
TOTALCapacity 1,916,000 ton/yr
TOTALTOTALCapacity 1,Capacity 1,916916,000 t,000 toon/yrn/yr
Other Products1
Capacity 954,000 ton/yrOther ProductsOther Products11
Capacity 9Capacity 95454,000 t,000 toon/yrn/yr
Fiber Raw MaterialsCapacity 249,000 ton/yrFiberFiber Raw MaterialsRaw MaterialsCapacity 249,000 tCapacity 249,000 toon/yrn/yr
ThermoplasticsCapacity 724,000 ton/yr
ThermoplasticsThermoplasticsCapacity 7Capacity 72424,000 t,000 toon/yrn/yr
1 Ethylene (520,000), VCM (152,000), PA (34,000), Chlorine (100,000), Benzene (134,000), MB (10,000), Plastic Products (4,000)
ETHYLENE 520 PROPYLENE 240C4 140 PY-GAS 390AROMATICS33 346
BENZENE 160P-X 136O-X 50
CHLORINE 100VCM 152PVC 150LDPE2 334 HDPE 96PP 2 144 MEG 89ACN 90PTA 70PA 34Power (MW) 226
Product Capacity(thousand tons)
PLANT CAPACITYPLANT CAPACITYPLANT CAPACITY
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Petkim’s Today
Production Revenues
Production for Marketing (thousand tons)
Breakdown of Production for Marketing Q1 2009
1427 1409
335 307 294
1383
0,0
200,0
400,0
600,0
800,0
1000,0
1200,0
1400,0
1600,0
2006 2007 2008 Q1 08 Q4 08 Q1 09
Net Sales (mn $)
Breakdown of Sales RevenuesQ1 2009
PVC12%
LDPE21%
HDPE7%PP
9%ACN7%
C55%
Benzene9%
P-X6%
Others14%
PTA3%
Py-Gas7%
PVC10%
LDPE34%
HDPE10%
PP11%
ACN7%
C52%
P-X6%
Others10%
Benzene3%
PTA3%
Py-Gas4%
1.561 1.674 1.795
476227278
0200400600800
1.0001.2001.4001.6001.8002.000
2006 2007 2008 Q1 08 Q4 08 Q1 09
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Petkim’s Today
Others1%
America14% EU
Countries54%
Asia-Far East22%
Middle East-Africa
9%
Benzen27%
PTA2%
P-X7%Py-Gas
8%
Caustic1%
ACN4%
MEG6%
Other4%
C423%
PP2%
PVC2%
HDPE2%
LDPE12%
•Petkim products are exported to around 60 different countries
•Benzene, LDPE, Py-Gas and P-X are the main exportproducts, in Q4 2008 and Q1 2009, C4 was co-crackeddue to cost advantage
•The third exporter in chemical industry in Turkey
Share of export products in revenues 2008
Breakdown of exports by region 2008
Export Revenues by Years (mn $)
Exports
127
217
410358
523
14379 45
182
0
100
200
300
400
500
600
2003 2004 2005 2006 2007 2008 Q1 08 Q4 08 Q1 09
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Petkim’s Today
Cost Base
Petkim Thermoplastics and Naphtha Price Changes
Global Integrated Chain EBITRaw Material and Product Prices*
30
229
39
148 151
-2 6
-32
18
-150-100
-500
50100150200250
2003 2004 2005 2006 2007 2008 Q12008
Q42008
Q12009
Labour9%
Energy11%
Others12%
Raw Material
68%
Cost Breakdown*
0
250
500
750
1,000
LDPE HDPE PP MEG PVC
Naphtha CostEnd Product Prices
Index (2007Jan=100)
Petkim EBITDA Performance (US$ mn)
0
50
100
150
200
Jan0
7Marc
h07
'May
07Ju
ly07
Sep07
Nov07
Jan0
8Marc
h08
Apr08
July0
8Sep
08Nov
08Ja
n09
March0
9
Thermoplastics Naphtha
* As of Q1 2009 Source: CMAI
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Petkim’s Today
Increase in Productivity
Employees and per Capita Efficiency
0
100
200
300
400
500
600
2001 2002 2003 2004 2005 2006 2007 2008 2009Q1
0
1000
2000
3000
4000
5000
6000
7000Net sales(US$000)/capita (Left axis)Production for marketing (tons)/capita (Left axis)Employees (Right axis)
Production per capita has increased from 457
tons/capita in 2008 to 651 tons/capita in Q1
2009
Improving productivity and efficiency
Increasing capacity
with reduced number of employees
Ongoing restructuring at organizational level:
Assessing personnel efficiency withbenchmarks
Outsourcing of non-core activities (catering, some support services)completed.
Oursourcing of maintenance, after salesservices.
Plant maintenance, power generation, port management are currently managed in-
house.
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76 68
44
19
43
25
52
19 1922
0
20
40
60
80
Q1 08 Q2 08 Q3 08 Q4 08 Q1 09Cash Bank Debt
Balance Sheet (US$ Million) (IFRS)
Key Financials
FX rates are 1,5123 TL/USD and 1,6880 forr 31 March 2009 and 31 December 2008 respectively.
Cash&Bank Debt mn USD
Receivables, Inventories and Payables mn USD
31/12/2008 31/03/2009
149
58
115
293
19
1.123
19
11
43
115
146
89
60
897
1.123
166
13
317
1.053
19
121
45
185
57
811
1.053
Cash&Cash Equivalents
Trade Receivables
Inventories
Other Current Assets
Current Assets
Long-Term Assets
TOTAL ASSETS
Financial Liabilities
Payables
Trade Payables
Sort-Term Liabilities
Long-Term Liabilities
Shareholders’ Equity
TOTAL LIABILITIES
830 736
-300
-150
0
150
300
Q1 08 Q2 08 Q3 08 Q4 08 Q1 09
Receivables Inventories Payables
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Key Financials
Income Statement (US$ Million) (IFRS )
31.12.2007 31.12.2008 Q1 2008 Q4 2008 Q1 2009
Net Sales 1.674 1.795 476 278 227
Cost Of Sales (-) (1.509) (1.822) (470) (303) (205)
Gross Profit (Loss) 165 (27) 5 (25) 22 Operating Expenses (-) (77) (72) (22) (22) (7) Other Operating Income/(Expenses),net (24) (3) (3) (4) (1)
Operating Profit/(Loss) 65 (102) (19) (51) 14
Financial Income/(Expenses), Net (5) (20) 6 (17) (2)
Profit/(Loss) Before Taxation 60 (122) (13) (68) 12
Deferred Tax (3) 5 1 4 (4)
Net Profit/(Loss) for the Period 57 (117) (12) (64) 7 Depreciation 75 83 21 18 17 Interest (Income)/Expenses on Cash and Bank Debt
(1) 6 (0) 7 1
Provisions 17 30 (2) 11 (12)
EBITDA 151 (2) 6 (32) 18 Average FX rates TL/USD 1,30151 1,29291 1,19658 1,53322 1,6495
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FOREIGN
CURRENCY
LONG TERM LONG TERM NATIONAL
May, 2009 BB- (negative) BB- (negative) AA- (tur) (negative)
September, 2008 BB- (stable) BB- (stable) AA- (tur) (stable)
January, 2008 BB (stable) BB (stable) AA (tur) (stable)
June, 2007 BB (stable) BB (stable) AA (tur) (stable)
April, 2007 BB (stable) BB (stable) AA- (tur) (stable)
February, 2006 BB- (stable) BB (stable) AA- (tur) (stable)
February, 2005 BB- (stable) BB (stable) A+ (tur) (stable)
DATE
LOCAL CURRENCY
Petkim’s Today
FITCH RATINGS
While many petrochemical companies’ credit ratings were downgradedall around the world, Fitchratings affirmed Petkim’s rating with BB-
and changed its outlook to negative due to Fitch’s anticipationof economic slump weighing on global petrochemical sector
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Investment Highlights
Turkish Petrochemical Industry
PETKİM
Dominant producer25% market share
Market Size US $ 6-7 billion
1998-2008 CAGRThermoplastics demand 8%
GDP 4%
Growth Potential in the Domestic Market
-20,0
-10,0
0,0
10,0
20,0
30,0
40,0
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
Growth in Plastics Demand GDP Growth
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TURKEYAn attractive
market
0
1000
2000
3000
4000
5000
6000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2015E
ThermoplasticsFiber RawRubber Raw
U.S.A 93 90 75W.Europe 75 78 69Turkey 40 45 43Republic of China 20 30 28World 24 25 24Brazil 22 23 25India 5 6 5
Petrochemicals Domestic Demand (tons)
Kg/capita 2006 2007 2008
Plastics Consumption per Capita
1998-2008 CAGRThermoplastics 8%Fiber Raw Mat. 3%Rubber Raw Mat. 8%
Large market size suitable for optimum
scale plants
New RefineryProjects in Turkey
“Integration Synergy”
One of thefastest growing
markets
Domestic Demand
Investment Highlights
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NEW INCENTIVE PACKAGE
• Incentive package has been announced by the government
• The following related sectors are within the scope of the package- Basic Chemicals >TL 1 bn- Other Chemicals >TL 300 mn- Refinery >TL 1 bn- Port and Port Services >TL 250 mn- Pipeline Transportation
• Incentives include;- Corporate tax reductions (from 20% to 10%)- Social security premium waivers for two years- VAT & Customs tax exemption
• The positive impact of incentive package on investment costis estimated as 10%.
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• Hydrocarbon rich owner (SOCAR)
• Experienced local owner in Petroleum market (Turcas)
• Vertical integration possibility to increase competitive power of Petkim with refinery investment
Feedstock Reliability
Investment Highlights
• Excellent locationand logistics
• Power and steam generation
• On the shore • Next to the refinery• Existing infrastructure for
capacity expansion
A “supersite”
• Naphtha-LPG based fully integrated production resultsin a more diversified product portfolio
• Well maintained assets• 10-year average capacity
utilization rate 93%
Production base
• Completed recent capacityexpansion debottleneckingand modernizaiton at around US$ 500 million.
Capacity increase
• Energy saving• Operational excellence• Business Transformation
Programme• ERP implementation• EFQM Total Quality
Management• Performance Management• Suggestion and RewardSystem
Restructuring
• One of the fastest growing markets
• One of the biggest importers of petrochemicals
Turkish Market
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GROWTH PLAN
UPSTREAM
Secure andreliable feedstock
Refinery
(Socar-Turcas)
DOWNSTREAM
• wide product range
• specialty chemicals with high value
added
ENERGY PRODUCTION
LOGISTICS
&
TRADE
Growth Plan and Strategy
Potential Investment Areas
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Growth Plan and Strategy
GROWTH PLAN
Short Term Growth Plans
Mid to Long Term Growth Plans• Capacity expansion/ debottlenecking• Business Transformation Program• Feedstock Flexibility• Energy Saving/cost reduction• Logistics• Sales and Marketing• ERP Project• Trading Activities
• Upstream investments(SOCAR-TURCAS)• Downstream investments• Energy –Wind Turbine• Logistics (Harbour, railway.)
Petkim has a general strategy of increasing market share and high customer satisfaction
VISION 2018To become a regional
force in the petrochemical sector
40% of Market Share in 2018
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Feedstock Flexibility Energy Logistics
TradingSales&Marketing
BusinessTransformation
Capacity increase
• Cut of excise tax on LPG
• Increasing LPG utilization in feed slate of cracker
•Utilization of Fluid Catalytic Cracking(FCC) and C4 stream
• Energy saving program
• Opportunity for importing NG from Azerbaijan
• Feasibility study for 47,7 MW power generation from wind
•Dual fuel feature
• New distribution centers
• Increased transportation by rail
• Increased sales delivered to customers
• Harbour expansion studies for container and RORO transportation
• Capability for storage facilitiesleasing
Meeting the total needs of customers
• Increased product trade
• Trading will be conducted both from Aliaga and new logistic centers
• New financial option topromote selling activities
Capacity increase by:
•Ethylene and Thermoplaticsrevamping
•Debottlenecking and modernization
•Maximizing asset utllitization
Short Term Growth Plans
Reviewing the current performance
Assessing the potential improvementareas in organization, maintenance, energy, Cracker&Aromatics, HSE andoperations
• Improving IT infrastructure with ERP and intergrated ManufacturingExecution System (MES)
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GROWING WITH “UPSTREAM” INVESTMENTSREFINERY FOR FEEDSTOCK SUPPLY
Mid to Long Term Growth Plans
TO REACH %40 MARKET SHARE WITH “DOWNSTREAM” INVESTMENTS
Constructed by SOCAR& TURCAS•Creation of synergy by vertical integration•Feedstock reliability for Petkim•Additional revenue from services provided to the refinery
Petkim has enough infrastructure and land for these investmentsThere is a double digit demand growth in Turkish chemical markets Petkim will take the advantage of increasing competition power in global markets by created synergyNew investment opportunities will be seeked with the domestic and foreign firms.
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We welcome your questions, comments and suggestions. Our corporate headquarters office address is:
Petkim Petrochemical Holding Corp. PO. Box.12Aliağa, 35801 İzmir/ TURKEY
To contact us with respect to shareholding relations for individual and corporate investors, please call directly or send an e-mail to
Ms. Füsun UGANFinance ManagerTel :+90 232 616 1240 (Ext:4575)Direct :+90 232 616 6127E-mail :fugan@petkim.com.tr
Mr. C. Şafak AYIŞIĞIAssistant General Manager (Finance)Tel :+90 232 616 1240 (Ext: 2150)Fax :+90 232 616 2297E-mail :sayisigi@petkim.com.tr
Mr. Kenan YAVUZGeneral ManagerTel :+90 232 616 3645Direct :+90 232 616 3642Fax :+90 232 616 3680E-mail :kyavuz@petkim.com.tr
Also, please visit our web site at www.petkim.com.tr for further information and queries.
Investor Relations
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DisclaimerDisclaimer
This presentation is confidential and does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of Petkim Petrokimya Holdings A.Ş. (the “Company”) or any member of its group nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or any member of its group nor shall it or any part of it form the basis of or be relied on in connection with any contract, investment decision or commitment whatsoever. This presentation has been made to you solely for your information and background and is subject to amendment. This presentation (or any part of it) may not be reproduced or redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person (excluding the relevant person’s professional advisers) or published in whole or in part for any purpose without the prior written consent of the Company.
This presentation includes forward-looking statements. These forward-looking statements include all matters that are not historical facts, statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that its actual results of operations, financial condition and liquidity and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the Company’s results of operations, financial condition and liquidity and the development of the industry in which the Company operates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. The Company does not undertake any obligation to review or confirm analyst expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation.
This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.
The contents of this presentation have not been verified by any authority. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information contained herein and no reliance should be placed on it. None of the Company, their advisers, connected persons or any other person accepts any liability for any loss howsoever arising, directly or indirectly, from this presentation or its contents.
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PETKİM PETROKİMYA HOLDİNG A.Ş.GENERAL MANAGEMENTALİAĞA – İZMİR / TURKEY
Phone: +90-232-6161240 (20 lines)+90-232-6163240 (20 lines)
Fax: +90-232-6161248 +90-232-6161439 +90-232-6162490
Web site : www.petkim.com.tr , E-mail: petkim@petkim.com.tr
PETKİM GUZELHISAR WATER DAM PETKİM PORT
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Azerbaijan and Turkey Strategic Projects
Baku-Tbilisi-Ceyhan oil pipeline (BTC)
Natural gas pipeline “Şahdeniz”
Railway project between two countries
“Petkim project”
Turkey and Azerbaijan have many strategic corporations planned and realized up to now
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Baku-Tbilisi-Ceyhan* COPL Project
Turkey-Greece NGTL Project
Transcaspian Turkmenistan-Turkey Europe NGTL Project
Azerbaijan-Turkey NGTL Project
Iraq-Turkey NGTL Project
Egypt-Turkey NGTL Project
Turkey-Bulgaria-Romania-Hungary-Austria NGTL Project (Nabucco Project)
Eastern Black Sea NGTL
Western Black Sea Project
Natural Gas Underground Storage Project
Source: Investment Support and Promotion Agency
Turkey: A Regional Energy Hub
.
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Azerbaijan & Turkey
Turkey and Azerbaijan are strategic partners. Azerbaijan have crude oil and natural gas sources which Turkey do not have.
Turkey and Azerbaijan partnership will provide many opportunities for Turkey and for Petkim
SUPPLY SECURITYFOR TURKEY
DEMAND SECURITYFOR AZERBAIJAN
ENERGYSECURITY ++
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Baku-Tbilisi-Ceyhan oil pipeline (BTC)
Turkey&Azerbaijan are interrelated with each
other by a very important project – Baku-
Tbilisi-Ceyhan oil pipeline which transfers
Caspian oil especially from Azerbaijan to world
markets.
50 million ton/year capacity, nearly 1768 km long.
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Petkim’s privatization: a powerful symbol of economic cooperation
PETKIM A bridge linking Caspian and the Aegean
Turkey’s first privately-owned distribution co. Turkpetrol and Lubricant Oils (founded in 1931) teamed up with British Castrol to layfoundation of Turcas Petroleum in 1988. Aftermerging with Tabas in 1999 renamed as Turcas Petrol, working in petroleumdistribution, oil refining, petrochemicalproduction and marketting, power generation, distribution and trading, natural gasimportation and whosesale in energy markets
Turcas Petrol (Turcas), is a nationwide petroleum productsistribution company operating on petroleum distribution, il refining, petrochemical production and marketting, ower generation, distribution and trading, natural gas
mportation and whosesale in energy markets
The State Oil Company of AzerbaijanRepublic, SOCAR, is a 100% state-owned company with the activities of extraction, refining, transportation of oil, gas and gas condensate, and saleof oil and gas products. Amajorshareholder in the 50 million ton capacity BTC crude oil pipeline, whichtransports 6,6 mn. Cubic meters of natural gas to Turkey
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PETKIM PORT
2008
GENERAL CARGO HANDLING : 1.251.029 TONLIQUID CARGO HANDLING : 1.794.029 TON
PLANNING
2015 TARGET
GENERAL CARGO/BULK HANDLING CAPACITY: 3.000.000 TON/YEARLIQUID CARGO HANDLING CAPACITY : 6.000.000 TON/YEARCONTAINER HANDLING CAPACITY : 500.000 TEU/YEARVEHICLE HANDLING CAPACITY : 140.000 CEU/YEAR
2026 TARGET
GENERAL CARGO/BULK CAPACITY : 3.000.000 TON/YEARLIQUID CARGO HANDLING CAPACITY : 10.000.000 TON/YEARCONTAINER HANDLING CAPACITY : 1.200.000 TEU/YEARVEHICLE HANDLING CAPACITY : 140.000 CEU/YEAR
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Master Plan of PETKİM Port and Lojistic Area
1.2 Million TEU of annual capacity(2026)
The berthing potential of the ships having capacity of 8500
TEU
Post-Panamax ships having length of 340 m and draft of
14,5 m
The length of container quays will be 765 m
The depth of sea in front of the quays will be 16 m