Material Disclosures - Tüpraş

Material Disclosures

  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
After evaluating similar applications in the sector, it has been decided to open a trading office in London to closely monitor international market opportunities, support import and export operations and create additional value from supply chain and sales activities. London office is planned to be opened until the end of the year.READ MORE

Credit Rating

Following the downgrade of Turkey’s sovereign rating from BB+ to BB and determination of country outlook as “negative”, international credit rating agency Fitch Ratings has reviewed credit ratings of Tüpraş along with other Turkish corporates in a similar situation; and our company’s credit ratings have been downgraded from BBB- to BB+ with a negative outlook.READ MORE
Our company is informed that no negative opinion is declared regarding Ömer Sertbaş, who was previously proposed as a candidate for an Independent Member of the Board of Directors in accordance with the Corporate Governance Communique of Capital Markets Board.READ MORE

Credit Rating

International credit rating agency Moody's Investor Services announced that, as a result of the placement of the Turkish sovereign rating under review for downgrade, together with other companies in similar position, credit ratings of Tüpraş have also been placed under review for downgrade.READ MORE
Mr. Ömer Sertbaş has been appointed by the Privatization Administration of Turkey to the Membership of the Board representing C Group share, which became vacant due to the resignation of Mr. Süleyman Karaman. READ MORE
Being an Independent Member of the Board of Directors and Privatization Administration (ÖİB) representative of our company since 29 March 2017, Mr. Süleyman Kahraman's request to resign from his Independent Membership of Board of Directors has been approved by our Board of Directors. The necessary assignment will be done in reference to the Corporate Governance Communiqué for the vacated position by the resignation of our Independent Member and will be announced to our investors. READ MORE
In accordance with the Capital Markets Boards Communique II-17.1 on Corporate Governance, Committees and their members have been determined as follows:READ MORE
We have applied for appeal following the rejection of our lawsuit filed for the cancellation of the Competition Board’s decision dated January 17, 2014, with no 14-03 / 60-24. READ MORE
Following the decision to downgrade the Government of Turkey's issuer rating, Moody's Investors Service confirmed our company's long term credit rating as "Ba1" without any revision and changed the outlook from "positive" to "stable". READ MORE
In accordance with the CMB's II-17.1 Communiqué on Corporate Governance for the transactions executed between our company and our subsidiaries OPET Petrolcülük A.Ş, and THY OPET Havacılık Yakıtları A.Ş., "The Report Regarding the Common and Continuous Transactions" was prepared and approved at our Company's Board of Directors meeting on February 22th, 2018. Conclusion of the report is given belowREAD MORE
The dividend distribution is set to begin on March 29, 2017 The dividend distribution proposal will be submitted to General Assembly that will be held in March 2018.READ MORE
TÜPRAŞ, TÜRKİYE PETROL RAFİNERİLERİ A.Ş. Board of Directors, in the meeting dated February 21, 2018, has resolved to invite the General Assembly for its Ordinary Meeting for the year 2017, on March 21, 2018 Wednesday at 10:00 to review and resolve the agenda specified as attached at "Güney Mahallesi Petrol Caddesi No.25 Körfez/Kocaeli (Tel: +90 262 316 30 00, Faks: +90 262 316 30 10); to duly perform the invitation procedures; to announce the invitations at Turkish Trade Registry Gazette, at the internet address of the Company of, at the Central Registry Agency A.Ş.'s E-Company Portal and Electronic General Assembly Systems and at the Public Disclosure Platform.READ MORE
2018 Future ExpectationsREAD MORE
Taking into consideration the opinion of the Audit Committee, the Board of Directors resolved in their meeting on January 23, 2018 to nominate PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik. (A member of PricewaterhouseCoopers) to audit our Company's financial reports for 2018READ MORE