faaliyet raporu annual report 2001

Transkript

1 TURCAS PETROL A.fi. faaliyet raporu annual report 2001 Turcas Petrol, sektörde ilk tercih edilen ve en sayg n akaryak t da t m flirketi olma amac ndad r.

2 içindekiler contents K saca Turcas Petrol 01 Turcas Petrol in Brief Finansal Göstergeler 04 Financial Highlights Baflkan n Mesaj 06 Chairman s Message Yönetim Kurulu 12 Board of Directors Üst Yönetim 13 Executive Management Sermaye ve Ortakl k Yap s 15 Capital and Shareholder Structure Ekonomik Geliflmelere Bak fl 17 Economic Overview Faaliyetler 21 Operations Türkiye de Petrol Sektörü 21 Petroleum Industry in Turkey Petrol Ürünleri 21 Petroleum Products Ürün Kalitesi ve Pazar Pay 22 Product Quality and Market Share Sat fl ve Pazarlama Faaliyetleri 22 Sales and Marketing Activities Bayi Konseyi 24 Dealer Council Sat nalma ve Operasyon 27 Supply and Operations nsan Kaynaklar 27 Human Resources Denetçi Raporu ve Finansal Tablolar 29 Auditors Report and Financial Statements Adresler Directory

3 K SACA TURCAS PETROL TURCAS PETROL IN BRIEF Turcas Petrol, tüm ülkeye yay lm fl Türkpetrol ad alt nda hizmet veren, say lar 700 ü aflan bayi istasyonlar ile uzun vadeli sat fl ve marka kullan m anlaflmalar yaparak faaliyetlerini sürdürmektedir. Turcas Petrol ülke çap nda faaliyet gösteren bir petrol ürünleri da t m flirketidir. fiirket, tüm ülkeye yay lm fl Türkpetrol ad alt nda hizmet veren, say lar 700 ü aflan bayi istasyonlar ile uzun vadeli sat fl ve marka kullan m anlaflmalar yaparak faaliyetlerini sürdürmektedir. Modern terminal ve da t m sistemine sahip olan Turcas Petrol, sat fl ve pazarlama deneyimi ile Castrol ve pragaz gibi otomotiv sektörünün önde gelen markalar ile yapt iflbirlikleri sayesinde, bayilerine ve dolay s yla nihai tüketicilere yönelik sat fllar n en üst düzeye ç karmay amaçlamaktad r. Turcas Petrol, bugün, Tabafl Petrolcülük A.fi. ve Turcas Petrolcülük A.fi. nin 1999 y l nda birleflmesinden do mufl bir flirket olarak faaliyetlerini sürdürmektedir. Birleflmeden önce Turcas Petrolcülük A.fi. nin %85 oran nda orta olan Tabafl Petrolcülük A.fi., birleflme sonras nda ünvan n, Turcas markas n n genifl kitlelerce tan nmas ndan dolay Turcas Petrol A.fi. olarak de ifltirmifltir y l nda, ticari ünvan ile ilgili yasal haklara sahip olan Türkpetrol Vakf ile Tabafl aras nda yap lan bir anlaflma kapsam nda, Türkpetrol markas n n on y l süre ile kullan m hakk devral nm flt r y l nda gerçekleflen flirket birleflmesi ve anlaflma süresinin uzat m sonucunda hizmetlerin "Türkpetrol" ad alt nda verilmesi kararlaflt r lm flt r. Dünya enerji sektöründe faaliyet gösteren en büyük ve sayg n kurulufllardan biri olan Conoco, Turcas Petrol ün %28.52 hissesine sahiptir. Dünyan n yaklafl k 40 ülkesinde faaliyetlerini sürdüren ve merkezi Teksas ta Houston kentinde olan Conoco, teknik know-how, finans, iflgücü ve da t m sektöründe elde etti i deneyimleri ile Turcas Petrol ü desteklemektedir. Turcas Petrol ün vizyonu, Türkiye nin petrol ürünleri da t m flirketleri aras nda en fazla tercih edilen ve sayg n bir konumda olmakt r. Turcas Petrol is a nationwide petroleum products distribution company. It operates through longterm sales and branding agreements at over 700 dealer stations throughout Turkey under the Türkpetrol brand. The Company strives to maximize sales to dealers and hence to the endusers, via its modern terminal and distribution system, its sales and marketing expertise and its association with other major brands in the automotive sector, such as Castrol and pragaz. Turcas Petrol today, is the offspring of the merger in 1999 between Tabafl Petrolcülük and Turcas Petrolcülük; prior to the merger, Tabafl Petrolcülük owned 85% of Turcas Petrolcülük. At the completion of the merger process, the name of the Company was changed to Turcas Petrol in recognition of the wider public awareness of the name Turcas. In 1996, an agreement was reached between Türkpetrol Foundation, the organization that owns the legal rights on the name Türkpetrol, and Tabafl to permit the use of the name for a period of ten years. Following the merger in 1999 and an extension of the term of franchise, it was decided that services would continue to be delivered under the Türkpetrol brand name. Conoco, well known and respected as one of the largest organizations within the global energy industry, has a 28.52% stake in Turcas Petrol. Conoco, headquartered in Houston, Texas, has operations in approximately 40 countries around the world. Turcas Petrol is supported by Conoco with technical know-how, manpower and expertise in the petroleum distribution sector. The vision of Turcas Petrol is to be the favorite and most respected petroleum products distribution company in Turkey. The management is confident that they can reach this goal not only through highly satisfied customers, dealers and shareholders but also by 01 > Turcas Petrol, operates through long-term sales and branding agreements at over 700 dealer stations throughout Turkey under the Türkpetrol brand.

4 KISACA TURCAS PETROL TURCAS PETROL IN BRIEF fiirket in, bu hedefine sadece yüksek memnuniyetli müflteri, bayi ve ortaklarla de il, ayn zamanda içinde yaflad topluma ve paylaflt dünyaya önemli katk larda bulunarak ulaflaca konusunda yönetim kadrosunun güveni tamd r. Ülke çap nda önemli bölgelerde istasyonlara sahip etkin bir bayi a iflleten Turcas Petrol, gelecek y llarda da t m a n geniflletmek amac yla yeni bayi sözleflmeleri imzalamaya devam edecektir. fiirket, en kaliteli ürünleri, en iyi istasyon hizmetini, en iyi düzeyde mal stokuna ve çeflitlili ine sahip istasyon marketlerini, en iyi filo akaryak t yönetim sistemini ve tüm bayilerde mükemmel düzeyde hizmet verilmesini temin etmek amac yla en iyi flekilde e itilmifl personel ile pazarda rakiplerine göre daha h zl büyümeyi planlamaktad r. Turcas Petrol ile bayileri aras ndaki iliflkilerin gelifltirilmesi amac yla 2001 y l nda "Turcas Bayi Konseyi" oluflturulmufltur. Türkiye de türünün ilk örne i olan Konsey, görüfl ve bilginin tüm a içinde serbest ak fl n güçlendirmek için kurulmuflt r y l içinde: > 21 yeni istasyon yat r m na bafllanm flt r, > 32 istasyonda da hizmet, emniyet ve görünüm iyilefltirme yat r mlar tamamlanm flt r, > pragaz iflbirli iyle, 54 adet istasyona LPG yat r m yap lm fl ve LPG satan istasyon say s 190 a ulaflm flt r, > Akaryak t Yönetim Sistemi ne 19 istasyon daha eklenerek AYS a 125'e yükseltilirken, 6,650 adetlik ilaveyle sistemdeki araç say s 20,000'i aflm flt r, making a significant contribution to the community in which they live and the world they share. Turcas Petrol has an excellent group of dealers in key locations throughout the country and plans to continue acquisition of additional high quality dealer contracts in the coming years. The Company plans to achieve faster growth than the market by offering top product quality, the best forecourt service, well stocked and merchandised shops, fleet gasoline management systems and the best trained staff to ensure that excellent service is delivered safely at all sites. To further improve the relationships between Turcas and its dealers, the Company launched the Turcas Dealer Council in This is the first such council in Turkey. It was established to encourage a free flow of views and information throughout the network. In 2001: > Investments were made for 21 new stations, > Service, safety and appearance enhancements at 32 stations were completed, > In cooperation with pragaz, LPG investments were made at 54 stations; the total number of stations selling LPG increased to 190, > 19 more stations were added to the Gasoline Management System bringing the number of stations within the GMS system network to 125; the number of cars using the system went to over 20,000 with the addition of 6,650 cars, > Turcas Petrol achieved gasoline sales of 430,000 m 3, diesel fuel sales of 730,000 m 3 and 175,000 m 3 for LPG sales in spite of an overall contraction in the market, 02 > In 2001, service, safety and appearance enhancements at 32 stations were completed.

5 2001 y l icinde 32 istasyonda hizmet, emniyet ve görünüm iyilefltirme yat r mlar tamamlanm flt r. > Piyasada hüküm süren genel talep daralmas na ra men Turcas Petrol 430,000 m 3 benzin, 730,000 m 3 motorin ve 175,000 m 3 LPG sat fl gerçeklefltirmifltir, > Müflterileri gereksinimlerinin tam olarak karfl lanmas amac yla marketlerde Haz rkart sat fl na bafllanm flt r, > Müflteri hizmeti, ürün kalitesi ve emniyet konular nda tüm a da istihdam edilen 2,000 çal flana ihtisas e itimi verilmifltir. SPK standartlar nda haz rlanan rapora göre, 2001 y l nda 762,702 milyar TL net sat fl geliri elde eden Turcas Petrol ün vergi öncesi zarar 75,965 milyar TL olarak gerçekleflmifltir. fiirket in özsermayesi y l sonunda negatif 36,110 milyar TL seviyesine düflmüfltür. Ayn dönem için, aktif toplam ise 133,224 milyar TL olarak gerçekleflmifltir. ABD Dolar baz ndaki borçlar ndan dolay kur fark ndan do an kay plar dahil edilmeden, Turcas Petrol 2001 y l nda 9,609 milyar TL kar elde etmifltir. Uluslararas Muhasebe Standartlar nda haz rlanan rapora göre, 2001 y l nda 975,456 milyar TL net sat fl elde eden Turcas Petrol ün özsermayesi y l sonunda 54,101 milyar TL seviyesine yükselmifltir. Ayn dönem içinde, fiirket in vergi öncesi zarar 24,861 milyar TL, aktif toplam ise 230,684 milyar TL olarak belirlenmifltir. > Cards for cellular phones were put on sale at stations as part of the Company s aim to better serve all customers, > Specialized training in customer service, product quality and safety was provided to 2,000 employees throughout the dealer network. According to financial statements prepared in accordance with the Capital Markets Board Standards, during 2001, Turcas Petrol achieved net sales of TL 762,702 billion yielding a loss of TL 75,965 billion before tax. In the same period, the shareholders equity decreased to a negative TL 36,110 billion while asset size reached TL 133,224 billion. Excluding the impact of exchange losses associated with the Company s US dollar debt Turcas Petrol had a profit of TL 9,669 billion in According to financial statements prepared in line with International Accounting Standards, Turcas Petrol achieved net sales of TL 975,456 billion and a shareholders equity of TL 54,101 billion in For the same period, the Company achieved a loss of TL 24,861 billion and total assets of TL 230,684 billion. At year-end 2001, approximately 15% of Turcas Petrol shares were traded on the Istanbul Stock Exchange National Market y l sonu itibariyle, Turcas Petrol hisselerinin yaklafl k %15 i stanbul Menkul K ymetler Borsas Ulusal Pazar da ifllem görmektedir. 03 Turcas Petrol A.fi. > K saca Turcas Petrol Turcas Petrol In Brief

6 F NANSAL GÖSTERGELER FINANCIAL HIGHLIGHTS Bilanço Özeti / Summary Balance Sheet (milyar TL) / (TL billion) > Dönen Varl klar / Current Assets 71,687 39,254 37,629 K sa Vadeli Ticari Alacaklar / Accounts Receivable 30,724 18,009 23,290 Stoklar / Inventories 11,852 10,020 4,483 > Finansal Duran Varl klar / Financial Investments 847 2,155 2,155 > Maddi Duran Varl klar, net / Fixed Assets, net 33,545 27,436 17,982 > Maddi Olmayan Duran Varl klar / Intangible Assets 25,887 35,218 44,128 > Aktif Toplam / Total Assets 133, , ,426 > K sa Vadeli Borçlar / Short-term Liabilities 168,002 47,652 39,101 Finansal Borçlar / Financial Borrowings 147,234 27,993 19,603 Ticari Borçlar / Accounts Payable 14,883 16,956 15,399 > Uzun Vadeli Borçlar / Long-term Liabilities 1,332 46,479 43,698 > Özsermaye / Shareholders Equity (36,110) 11,104 19,628 Sermaye / Share Capital 26,330 7,330 7,330 Net Dönem Kar / Net Profit for the Year (75,964) (12,332) 371 Gelir Tablosu Özeti / Summary Income Statement (milyar TL) / (TL billion) > Net Sat fllar / Net Sales 762, , ,696 > Sat lan Mal n Maliyeti / Cost of Goods Sold (715,101) (533,744) (147,567) > Brüt Sat fl Kar /Zarar / Gross Margin 47,600 27,434 9,129 > Faaliyet Giderleri / Operating Expenses (32,533) (21,419) (6,001) > Faiz Giderleri / Interest Expenses (10,856) (4,491) (3,127) > Kur Fark Zararlar / Fx Losses (89,643) (15,591) (13,144) > Di er Faaliyet Gelirleri / Other Operating Income 20,435 6,414 5,855 > Di er Faaliyet Giderleri / Other Operating Expenses (3,053) (907) (786) > Ola anüstü Gelirler / Extraordinary Income > Net Dönem Kar / Net Profit (75,964) (12,332)

7 Turcas Petrol ün hedeflerine sadece yüksek memnuniyetli müflteri, bayi ve ortaklarla de il, ayn zamanda içinde yaflad topluma ve paylaflt dünyaya önemli katk larda bulunarak ulaflaca konusunda yönetim kadrosunun güveni tamd r. > The management is confident that they can reach their goal not only through highly satisfied customers, dealers and shareholders but also by making a significant contribution to the community in which they live and the world they share. Dönen Varl klar Current Assets Aktif Toplam Total Assets Sermaye Share Capital Net Sat fllar Net Sales 156,696 37,629 39, , ,234 7,330 7, ,179 71, ,224 26, , milyar TL TL billion milyar TL TL billion milyar TL TL billion milyar TL TL billion 05 Turcas Petrol A.fi. > Finansal Göstergeler Financial Highlights

8 06 > Year 2001 was a year of retrenchment, strengthening ties with our dealers, careful cash management and extreme attention to the collection of accounts receivable.

9 BAfiKAN IN MESAJI CHAIRMAN S MESSAGE De erli Hissedarlar m z, Bayilerimiz ve Müflterilerimiz, 2001 Türkiye Cumhuriyeti tarihinin en zor y llar ndan biri olmufltur y l n n Kas m ay n n son günlerinde Türk ekonomisi kinci Dünya Savafl ndan bu yana yaflanan en büyük bunal m n içine girmifltir. Türk Liras 1994 y l ndan beri görülen en büyük devalüasyona tabi tutulmufl ve GSMH reel olarak %9.4 küçülmüfltür. Petrol ürünlerine olan talep, ekonominin genel gidiflat na paralel olarak düflüfle geçmifltir. Tüm bu unsurlar n bir araya gelmesi sonucunda çok zor bir y l geçirdik. Ancak bütün zorluklar baflar yla gö üsledik ve art k gelece e güven ve yeni bir heyecanla bakmaktay z. Uluslararas Para Fonu (IMF) ile iflbirli i yapan Türkiye, ülke ekonomisine ileride daha iyi koflullar sa lamak amac yla yeni yasalar ç kartm flt r. Bu düzenlemeler, bankac l ktan tar ma ve K T lere kadar, hemen her sektördeki genel ekonomik durumu olumlu yönde etkileyecektir. Bu kapsamda kamunun performans konusunda hesap verme yükümlülü ü ve kamu maliyesinin do ru yönetimi alanlar nda çarp c ilerlemeler kaydedilmifltir. Dear Shareholders, Dealers and Customers, The year 2001 was one of the most difficult years in the history of the Turkish Republic. In late November 2000, the Turkish economy entered its worst recession since the Second World War. The value of the Turkish Lira experienced the deepest devaluation since 1994 and the GNP declined in real terms by 9.4%. The demand for petroleum products closely mirrored the decline in the economy. All of these factors combined to produce an extremely difficult year for the country. However, I am pleased to report that we successfully weathered the storm and I remain confident and excited about our future. Turkey, working with the IMF, has made tremendous strides in putting in place new legislation to make fundamental improvements to the future economic conditions in the country. These changes will be felt throughout almost every sector, from banking to agriculture, and from state-owned economic enterprises to all private sectors businesses. As a result, accountability for performance and sound fiscal management will be dramatically improved. Türkiye Avrupa Birli i ne üye olmak için gerekli mevzuat ve altyap de iflikliklerini gerçeklefltirme yönünde de önemli ad mlar atm flt r. Bu konuda yapmam z gereken daha çok iflimiz olmas na ra men, bugünkü hükümet bu kriz ortam nda dahi Türkiye nin AB koflullar na en k sa sürede ayak uydurabilmesini sa lamak üzere 1999 da girilen yolda yürümeye devam etme kararl l n göstermifltir. Geçti imiz y l yaflanan büyük ekonomik zorluklara dönüp bakt m zda, bu baflar lar daha da önemli görünmektedir. Turkey has also made significant progress in establishing the necessary changes required to gain admittance to the European Union. While much work remains to be done, the current government has shown its resolve, even in the midst of the crisis, to stay the course which it began in late 1999, to ensure that Turkey would meet EU entrance criteria as rapidly as possible. Looking back at the economic difficulties faced during the past year, it is truly remarkable to be able to reflect on these accomplishments y l nda, tasarruf yapmaya, bayi iliflkilerimizi gelifltirmeye, nakit yönetiminde ihtiyatl olmaya ve alacaklar m z titizlikle tahsil etmeye özen gösterdik. Kas m 2000 de yaflanan olaylar ve daha sonra Türk Liras n n devalüe edilmesi, fiirketimizin mali yap s n büyük ölçüde etkilemifltir. Bu nedenle 2001 y l nda, tasarruf yapmaya, bayi iliflkilerimizi gelifltirmeye, nakit yönetiminde ihtiyatl olmaya ve alacaklar m z titizlikle tahsil etmeye özen gösterdik. Bu titizlik ve al nan gerekli önlemler, y l içinde pazar pay m z n azalmas na yol açm flt r. Bayi ve müflterilerimize tan d m z kredi vadelerini k saltman n yan s ra, yeni risklere ihtiyatla yaklaflt k. Bu sayede flüpheli alacak ihtimalini azaltt k ve yüksek ürün kalitemizi korumak amac yla s n r ticareti faaliyetlerinden kaç nmaya devam ettik. The events of November 2000 and the subsequent devaluation of the lira in February 2001 had a dramatic impact on the financial structure of our Company. The year 2001, therefore, was a year of retrenchment, strengthening ties with our dealers, careful cash management and extreme attention to the collection of accounts receivable. Because of this rigorous, but essential approach, the year saw a decline in our market share. We decreased our exposure to accounts receivables through a reduction in credit days offered to dealers and customers in addition to a careful approach to accepting new 07 Turcas Petrol A.fi. > Baflkan n Mesaj Chairman s Message

10 BAfiKAN IN MESAJI CHAIRMAN S MESSAGE Y ll k Ola an Genel Kurul da ve tekrar Temmuz ay nda yap lan Ola anüstü Genel Kurul da, borçlar m z büyük ölçüde azaltma gere ini vurgulam fl ve bunu sermaye art r m, faaliyet gelirlerinin yükseltilmesi ve at l aktiflerin sat fl sayesinde gerçeklefltirmeyi umdu umuzdan söz etmifltim. Bugün sizlere, toplam borcumuzun y l sonu itibariyle 14 milyon ABD Dolar azald n bildirmekten mutluluk duyuyorum. Ayr ca, Ocak ve fiubat 2002 de, mevduat hesaplar m zda bulunan 9.1 milyon ABD Dolar l k fon, kredi borçlar m z n yenilenme tarihlerinin yaklaflmas yla birlikte bu borçlar m z döndürmek amac yla kullan lm flt r. Yeni infla edilen Turcas I ve Turcas II nin fiubat ve Nisan 2002 de gerçeklefltirilen sat fllar ndan elde edilen 15.5 milyon ABD Dolar tutar ndaki fon da (15.5 milyon ABD Dolar komisyon harici net tutar) yine borçlar m z azaltmak amac yla kullan lm flt r. Dünya standartlar na uygun yeni tankerlerimiz bizim için büyük gurur kayna yd. Ancak ülkede ürün nakliyat hacminin düflmesi ve mali durumumuz nedeniyle ald m z sat fl karar, fiirket in sa l kl gelece i aç s ndan gerekliydi. Böylece, Eylül 2001 ile Nisan 2002 aras nda, tarihimizin bu en zor döneminde, borçlar m z 38.6 milyon ABD Dolar tutar nda azaltma baflar s n gösterdik. Turcas Petrol ü Türkiye nin tercih edilen ve en sayg n rafineri ürünleri da t m flirketi konumuna getirmeye odaklan rken, borcumuzu 2002 y l n n sonunda en az 15 milyon ABD Dolar daha azaltma konusunda kararl y z. credit risk. Turcas Petrol continued to refrain from dealing in border trade products, as concerns about product quality remain high. At both the Annual Shareholders Meeting and the Extraordinary Shareholders Meeting in July, I stressed the need to significantly reduce our debt. We hoped to do this through a capital increase, generating more cash from operations and sale of non-performing assets. I am pleased to inform you that at year s end debt was reduced by US$ 14 million. In addition, we had on deposit a further US$ 9.1 million which was used to reduce debt in January and February 2002 as loan rollover dates were reached. We reduced debt by an additional US$ 15.5 million (US$ 15.5 million net from commissions) from the sale of our recently built tankers, Turcas I and Turcas II, in early We were very proud of these world-class tankers, but given the reduced product volume being transported in Turkey coupled with the critical financial situation, the decision to sell was essential to secure the future health of the Company. Thus, between September 2001 and April 2002, in the most difficult time in our history, Turcas Petrol reduced debt by US$ 38.6 million. We are committed to cutting at least another US$ 15 million before the end of 2002, as we continue to focus all of our energy to turning Turcas Petrol into the country s favorite and most respected petroleum products distribution company. Türk Ekonomisi Turkish Economy Biz, pazar pay m z büyütmek u runa, kalite taahhüdümüzden vazgeçmeyece iz. Kalite konusundaki uzun süreli itibar m z bizim için her fleyden daha önemlidir. Türk ekonomisi 2002 de %9.4 oran nda küçülmüfltür. Buna ek olarak, enflasyon 2000 y l nda düfltü ü rekor derecedeki düzeylerden tekrar yükselmifl ve y l TEFE de %88.6, TÜFE de ise %68.5 oran yla kapatm flt r. Sonuç olarak, Dünya Bankas ve Uluslararas Para Fonu taraf ndan Türk ekonomisinin düzeltilmesine yard mc olacak finansman sa lamak için flart koflulan tasarruf tedbirleri ile düzeltici yasa paketleri ve Türkiye nin bu önlemleri uygulayacak iradeye sahip oldu unu dünyaya kan tlamak için ald önlemler de, y ll k enflasyon oran n n tekrar yükselmesine neden olmufltur. In 2001, the Turkish economy shrank by 9.4% while inflation increased from record lows to close at 88.6% for WPI and 68.5% for CPI. This result was due in part to weakness in the banking sector, which became evident in late To guarantee that the World Bank and IMF would make the necessary funds available to finance the recovery, Turkey had to demonstrate that it had the strength of will to pass the required austerity programs and corrective legislative packages. These corrective measures also contributed to high levels of inflation during the year. 08

11 2002 ye girerken, kötü günleri geride b rakt m za ve yeni program alt nda art k uzun vadeli hedeflerin gerçekleflece ine inan yorum de yaflanan olumsuz geliflmelerden sonra 2002 nin bir geçifl y l olaca n ve y l sonuna do ru Türk ekonomisinde güçlü büyümeye do ru bir dönüfl yaflayaca m z umuyorum y l n n sonlar ile 2003 y l nda, bankac l k, tar m, enerji, emekli tasarruflar, Merkez Bankas, telekomünikasyon, do algaz piyasas ve tahkim alanlar ndaki yasalar n yan s ra, AB üyeli i koflullar n yerine getirmeye yaklaflman n beraberinde getirece i avantajlardan yararlanan Türk ekonomisinin yeniden güçlenerek büyüdü ünü görece iz. As we enter 2002, I am optimistic that the worst is behind us and we will begin to experience the longterm aims of these new programs. I expect 2002 to be a transition year after the harshness of I believe we will experience a return to strong growth in the Turkish economy toward the end of In 2003, we will draw benefit from arbitration legislation, reforms in banking, agriculture, energy, pension savings, telecommunications and natural gas markets as we concurrently reap the rewards from meeting requirements for EU membership. Turcas Results Turcas n Elde Etti i Sonuçlar 2000 y l sonunda 2001 y l için yapt m z planlarda herhangi bir de ifliklik öngörülmemifltir. Ancak, 2001 y l faaliyet sonuçlar m z fiirket in temel de erlerini yans tmakla birlikte, beklentilerimizin çok alt nda kalm flt r y l nda ülke çap nda benzin talebi %11 düflerken (ardarda ikinci düflüfl y l ), Turcas n pazar pay %11.8 den %10.0 a gerilemifltir. Bu azalma, kredili sat fllar m z yükümlülüklerini yerine getirebilece ini bildi imiz bayi ve müflterilerimizle k s tlamak yoluyla, flüpheli alacaklar m z mümkün olan en düflük düzeye indirme karar m z n bir sonucu olmufltur. Y l içinde tahsilat ndan vazgeçmek zorunda kald m z alacaklar m z n düflük bir düzeyde kalmas, bu konudaki baflar m z n bir kan t d r. Önümüzdeki y l, pazar pay m z atak pazarlama taktikleriyle eski düzeyine ç kartmay planlamaktay z y l nda ülke çap nda otogaz talebi de %4 oran nda düflmüfltür. Rakip istasyonlar n aç lmas yla birlikte, bu pazara 1999 gibi erken bir tarihte girmifl olan Turcas n pazar pay n n düflmesi beklenmekteydi. Buna ra men istasyonlar m z 2001 y l içinde toplam m 3 otogaz sat fl gerçeklefltirmifllerdir. Yay nlanan istatistiklerde dizel yak t talebinin %1 oran nda yükseldi i görülmüfltür. Ancak bu, 2002 y l nda bildirilen hacimlere, s n r ticareti ürünlerinin de dahil edilmesinden kaynaklanmaktad r. Sanayi kesiminde 2001 y l nda yaflanan durgunluk ile, aç klanan s n r ticareti rakamlar na yönelik tahminlerimiz hesaba kat ld nda, gerçek dizel yak t talebinde yaklafl k %10 oran nda bir azalma meydana geldi ine inan yoruz. Turcas Petrol de de benzer bir azalma yaflanm flt r. In late 2000, our preparation for 2001 did not predict the turmoil that would follow. Our 2001 operating results, while still reflecting the underlying value of the Company, were not nearly as good as we had anticipated. While the national demand for gasoline decreased by 11% in 2001 (the second consecutive year of decline), the market share for Turcas Petrol fell from 11.8% to 10.0%. This reflected our decision to reduce our exposure to bad debts by restricting our credit sales to only those dealers and customers we were certain had the financial resources to meet their commitments. Our success in this is evident in the low level of receivable write-offs that we incurred during the year. We fully expect to recapture our former levels of the market share through aggressive marketing activity in the coming year. The national demand for auto-lpg also declined by 4% in Turcas Petrol, as an early entrant into this market in 1999, experienced an anticipated drop in market share in 2001 as many more competitive stations were opened. Still, we were able to sell 175,000 m 3 of LPG at our stations. In published statistics demand for diesel fuel appears to have increased by 1%. However this is due to the inclusion of more border trade products in the reported volume in Given the weakness of the industrial sector during year 2001 and our own internal projections regarding border trade in the reported numbers, we believe that true diesel demand actually declined by approximately 10%. Turcas Petrol experienced a similar decline. > We are determined not to waive in our commitment to quality in search of market share. Our long established reputation for quality is of paramount importance to us. 09 Turcas Petrol A.fi. > Baflkan n Mesaj Chairman s Message

12 BAfiKAN IN MESAJI CHAIRMAN S MESSAGE Daha olumlu bir geliflme, Turcas n ürün sat fllar ndan elde etti i kârdaki düflüflü mümkün oldu unca telafi edebilmek amac yla, y l içindeki iflletme giderlerini s k kontrol alt na alm fl olmas d r. On a more positive note, Turcas Petrol rigorously controlled all aspects of its operating expenses during the year to help offset profit decline from product sales y l Turcas Petrol de güvenlik bilinci konusunda ilerlemelerin kaydedildi i bir y l olmufltur y l nda gerçeklefltirilen sermaye art r m s ras nda hissedarlar m z n %97.8 i rüçhan haklar n kullanm flt r. Bu durum, içinde bulunulan o zor ortamda ola anüstü bir baflar y simgelemektedir. Bu güçlü güven oyundan dolay hepinize ayr ayr teflekkür etmek istiyorum. Yönetim Kurulu De iflikli i Say n Osman Kerman 2001 y l nda Turcas Yönetim Kurulu na kat lm flt r. Birkaç y ldan beri bofl kalan bir koltu u dolduran Say n Kerman, 31 y l boyunca Mobil de çal flm fl ve Türkiye, ABD ve Meksika da yöneticilik yapm flt r. Sektörde 43 y ll k deneyime sahip olan Say n Osman Kerman, 1992 y l ndan A ustos 1996 ya kadar Turcas Petrol Genel Müdürlü ü görevini yürütmüfltür. Kendisinin engin deneyim ve uzmanl ndan flimdiden yararlanmaya bafllam fl bulunmaktay z. Kalite, Güvenlik ve Çevre Konular ndaki Taahhütler Turcas Petrol, müflterilerine kaliteli ürün ve hizmet sunma konusunda tamamen kararl d r. Geçmifl y llarda oldu u gibi, bu kararl l m z, itibar lekelenmifl kalitedeki herhangi bir ürünün piyasaya sürülmesine katk da bulunmay reddederek de kan tlamaktay z. Hem kalitesi hem de vergi durumu kuflkulu oldu u için "S n r Ticareti" yoluyla elde edilen ürünlerin pazarlanmas faaliyetlerine kesinlikle kat lm yoruz. Bu karar n dizel yak t pazar pay m za sekte vurdu u kesindir. Nitekim, düflen pazar pay m zdan yararlanan büyük rakiplerimizden baz lar, faaliyetlerini büyük ölçüde "S n r Ticareti" ürünlerine dayand rmaktad r. Biz, pazar pay m z büyütmek u runa, kalite taahhüdümüzden vazgeçmeyece iz. Kalite konusundaki uzun süreli itibar m z bizim için her fleyden daha önemlidir y l Turcas Petrol de güvenlik bilinci konusunda ilerlemelerin kaydedildi i bir y l olmufltur. Terminallerimizde doldurulan tankerlerin güvenli i konusuna odaklanmay sürdürmemizin yan s ra, y l içinde trafik kazas say s nda izlenen düflüfl de bu With regard to capital increase in 2001, 97.8% of our shareholders exercised their pre-emptive rights. This is a remarkable achievement given the difficult environment. I would like to thank each of you for this strong vote of confidence. Change on the Board of Directors In 2001, Mr. Osman Kerman joined the Board of Directors of Turcas Petrol, filling a position that had been vacant for a number of years. Mr. Kerman has 43 years of experience in the sector with 31 years as an employee of Mobil with management assignments in Turkey, the USA and Mexico. More recently, he was the General Manager of Turcas Petrol from 1992 to August His vast experience and expertise are already being felt within the Company. Commitment to Quality, Safety and the Environment Turcas Petrol is totally committed to delivering quality products and service to our customers. This commitment is unchanged from previous years and is evident in our refusal to participate in the delivery of any product that has a tainted quality reputation. To this end we do not participate in the distribution of border trade products, which have a reputation for suspect quality as well as dubious tax treatment. This decision has definitely hurt our market share in diesel fuel. Unfortunately, some of our main competitors and beneficiaries in our declining market share rely very heavily on border trade products. We are determined not to waive in our commitment to quality in search of market share. Our long established reputation for quality is of paramount importance to us. At Turcas Petrol, the year 2001 was a time of improvements and increased awareness on the issue of safety. This was demonstrated not only by continued focus on the safety of all tankers filled at our terminals but also by a significant reduction in car accidents during the year. In 1999, the Company 10 > At Turcas Petrol, the year 2001 was a time of improvements and increased awareness on the issue of safety.

13 geliflmeyi kan tlamaktad r ve 2000 y llar nda s ras yla, 28 ve 29 kaza yaflanm flt r y l nda bu say yediye düflmüfltür. Bu rakam hâlâ yüksek olmakla birlikte, güvenlik konusundaki kararl l m z n meyvelerini vermeye bafllad n n kesin bir göstergesidir. Önümüzdeki y llarda trafik kazalar nda düflüfl olmas n bekliyoruz. Gelecek Turcas Petrol vizyonu tutarl l n sürdürüyor. Biz Türkiye nin tercih edilen ve en sayg n petrol ürünleri da t m flirketi olaca z. Kalite, hizmet, adil pazarlama uygulamalar, güvenlik ve çevreye olan ba l l m z bu vizyonu gerçeklefltirecek ad mlar atmam z sa layacak. Ayr ca, yeni Petrol Yasas n n ifl ahlak na ba l flirketleri destekleyece ine yürekten inan yoruz. Borçlar n azalt lmas konusu üzerine yeniden odaklanmam z ve oluflturdu umuz temel pazarlama planlar m z, bana Turcas Petrol ün 2002 y l nda performans n art raca konusunda umut vermektedir. Yönetim Kurulu ad na, ortaklar m za süregelen destekleri, bayilerimize bize olan ba l l klar ve çal flanlar m za yaflad m z bu zor dönemlerde ola anüstü çal flkanl klar için teflekkürlerimi iletirim. Sayg lar mla, experienced a total of 28 vehicular accidents; in 2000 there were 29. However, in 2001 this number was reduced to just seven. We believe that this number is still too high but it clearly demonstrates that our commitment to safety is working. We are diligently aiming to continue this trend in the years ahead. The Future Our vision for Turcas Petrol remains consistent. We plan to be Turkey s favorite and most respected petroleum products distribution company. We believe our commitment to quality, service, fair marketing practices, safety and the environment position us favorably to make the necessary changes to achieve that vision. Furthermore, we strongly believe the new Petroleum Law will support companies dedicated to ethical operations. Our renewed focus on debt reduction, coupled with our plans for significant marketing activities give me great hope that 2002 will be a watershed year for Turcas Petrol in terms of performance. On behalf of the Board of Directors, I would like to thank our shareholders for their continued support, our dealers for their loyalty and dedication, and last but not the least, our employees for their hard work during this past year s most trying times. Erdal Aksoy Yönetim Kurulu Baflkan Yours sincerely, Erdal Aksoy Chairman 11 Turcas Petrol A.fi. > Baflkan n Mesaj Chairman s Message

14 YÖNETIM KURULU BOARD OF DIRECTORS Erdal Aksoy > Yönetim Kurulu Baflkan > Chairman Kaya Baban > Yönetim Kurulu Baflkan Yard mc s ve Murahhas Üye > Vice Chairman and Executive Member Rick Hamm > Üye > Member Y lmaz Tecmen > Üye > Member 12 Alistair Clark > Üye ve Genel Müdür > Member and General Manager Osman E. V. Kerman > Üye > Member Bülent Çorapç > Üye > Member Turcas Petrol A.fi. > Yönetim Kurulu Board of Directors

15 ÜST YÖNETIM EXECUTIVE MANAGEMENT Alistair Clark > Genel Müdür > General Manager Nezihi Tümer > Genel Müdür Bafl Yard mc s - Operasyon ve Lojistik > Senior Deputy General Manager - Operations & Logistics Douglas Taylor > Genel Müdür Yard mc s - Finans ve Bilgi fllem > Assistant General Manager - Finance & IT Mehmet Erbasan > Akaryak t Sat fllar Müdürü > Fuels Sales Manager Osman Kazdal > Pazarlama Servisleri Müdürü > Marketing Services Manager Ece Metin > nsan Kaynaklar Koordinatörü > Human Resources Co-ordinator Hülya Dinçer > Emniyet, Sa l k ve Çevre Koordinatörü > Safety, Health and Environment Co-ordinator Sadettin mrek > Hukuk Müflaviri > Legal Advisor 13 Turcas Petrol A.fi. > Üst Yönetim Executive Management

16 14 > Our vision for Turcas Petrol remains consistent. We plan to be Turkey s favorite and most respected petroleum products distribution company.

17 SERMAYE VE ORTAKLIK YAPISI CAPITAL AND SHAREHOLDER STRUCTURE Sermaye ve Ortakl k Yap s 2001 mali y l içinde, kay tl sermaye sistemine dahil olan Turcas Petrol, sermayesini tamam nakit olmak üzere 19 trilyon TL art rarak, 7,330,233,180,000 TL den 26,330,233,180,000 TL ye yükseltmifltir. fiirket hisseleri A, B ve C olmak üzere üç gruba ayr lm flt r. C Grubu hisselerin tamam, Turcas Petrol ün %28.52 sine sahip olan yabanc ortak Conoco Petroleum Inc.'e aittir. Turcas Petrol A.fi. nin 26,330,233,183,000 TL olan sermayesinin bileflimi afla daki gibidir: Adet Tutar 1) A GRUBU A GRUBU 13. Tertip nama yaz l 7,330,083,183 7,330,083,183,000 2) A GRUBU A GRUBU 14. Tertip nama yaz l 19,000,000,000 19,000,000,000,000 3) B GRUBU B GRUBU 13. Tertip nama yaz l 112, ,500,000 4) C GRUBU C GRUBU 13. Tertip nama yaz l 37,500 37,500,000 Capital and Shareholder Structure Shareholders equity increased during the 2001 fiscal year. The Company increased its capital by TL 19,000,000,000,000 in cash from TL 7,330,233,180,000 to TL 26,330,233,180,000. Turcas Petrol shares are divided into three groups; A, B, and C, whereby all of C Group shares belong to the f oreign partner Conoco Petroleum Inc. that owns 28.52% of the shares. The capital structure (TL 26,330,233,180,000) of Turcas Petrol breaks down as follows: Number Amount 1) GROUP A Registered shares in 13th Series and Group A 7,330,083,183 7,330,083,183,000 2) GROUP A Registered shares in 14th Series and Group A 19,000,000,000 19,000,000,000,000 3) GROUP B Registered shares in 13th Series and Group B 112, ,500,000 Turcas Petrol vizyonu tutarl l n sürdürüyor. Biz Türkiye nin tercih edilen ve en sayg n petrol ürünleri da t m flirketi olaca z. 4) GROUP C Registered shares in 13th Series and Group C 37,500 37,500, Turcas Petrol A.fi. > Sermaye ve Ortakl k Yap s Capital and Shareholder Structure

18 16 > Decisions were made on the economy making its management more autonomous and transparent.

19 EKONOM K GEL fimelere BAKIfi ECONOMIC OVERVIEW 2001 y l ekonomi yönetiminin özerkleflmeye ve fleffaflaflmaya bafllad bir y l olmufltur y l Türkiye tarihinin en büyük ekonomik bunal mlar ndan birinin yafland y l olmufltur. Dünyadaki ekonomik durgunluk ve kriz öncesi uygulanmakta olan ve Türk Liras n yabanc paralar karfl s nda reel olarak de erli tutan Uluslararas Para Fonu destekli para politikalar ve geçmifl on y l n ekonomi politikas ve göstergeleri incelendi inde bu krize nas l gelindi i daha kolay anlafl lmaktad r. 1990'l y llar, bir önceki on y ll k dönem içinde uygulamaya konulan önlemler sayesinde liberal ekonomiye geçiflin yafland ve finansal kurumlar n serbestleflme politikalar alt nda geliflme gösterdi i bir dönem olmuflsa da Türkiye ekonomisi yüksek enflasyonun ve dengesiz büyümenin etkisinde kalmaya devam etmifltir. Büyüyen bütçe aç klar nedeniyle bütçe finansman nda kullan lan yüksek reel faizli ve gittikçe artan iç borçlar sürdürülemez boyutlara ulaflm flt r. Hem bütçeden hem de kamu bankalar arac l yla sa lanan imkanlar yüzünden kamu bankalar ve genel olarak finans sektörünün mali yap s zay flam flt r. Bu dönem boyunca özellefltirmeler ve devletin ekonomideki rolünün azalt lmas gündemde oldu u halde devletin kaynak tahsisindeki etkinli i fleffaf olmayan bir biçimde devam etmifltir. Bu da, baflta mali sektör olmak üzere, ekonominin di er sektörlerindeki yap sal bozukluklar n derinleflmesine, etkinlik ve rasyonelli in azalmas na, sonuç olarak da mali piyasalar n istikrar n n bozulmas na yol açm flt r. Türkiye ekonomisi y llar aras nda kinci Dünya Savafl 'ndan sonra Cumhuriyet tarihinin en ciddi iki ekonomik daralmas n yaflam flt r. Büyüme oranlar n n %7-8 civar na kadar yükseldi i bu dönemde, 1994'te ülkemizde yaflanan büyük finansal kriz, 1999'da In 2001, Turkey experienced one of the worst economic crises of its history. A review of the IMF-backed policies in effect before the economic crisis and the global recession where the Turkish lira was kept overvalued in real terms against major hard currencies and a study of the economic policies and indicators in place during the last decade facilitates an understanding of how the present crisis emerged. Although the 1990s was a period when the liberal economic measures and financial liberalization policies and institutions developed and improved, the Turkish economy continued to be under the influence of rampant inflation and irregular growth. Growing domestic debt, obtained through high real interest rate loans used in financing rising budget deficits, reached unsustainable levels. Due to loan facilities obtained from state-owned banks and the budgets for other state subsidies, the financial structure of state banks and the financial sector, in general, weakened. Although privatization and the reduction of the state s influence on the economy was on the agenda during this period, the state s dominance in the allocation of financial resources continued in a non-strategic and non-transparent manner. This, in turn, led to deepening structural problems in the financial sector. Other sectors of the economy were also affected; there was a decline in efficiency and rational behavior that eventually led to the destabilization of the financial markets. In the decade between , the Turkish economy went through two of the most severe contractions in the Republic s history since World War II. During this period, the economic growth rate, which had risen as high as 7-8%, dropped to a negative 6.1% due to the major financial crisis in 1994 and the earthquake disaster in 1999 coupled with the economic crisis that occurred in Russia the previous year. For the most part, Turkey has had to live with chronic inflation, unprecedented in the world, for at least the last 20 years. 17 Turcas Petrol A.fi. > Ekonomik Geliflmelere Bak fl Economic Overview

20 EKONOM K GEL fimelere BAKIfi ECONOMIC OVERVIEW 2000 y l bafl nda, Uluslararas Para Fonu taraf ndan da desteklenen bir Enflasyonla Mücadele ve Ekonomik stikrar Program uygulanmaya bafllanm flt r. meydana gelen deprem felaketleri ve bir önceki y l Rusya'da yaflanan krizin etkileri nedeniyle büyüme oranlar negatif %6.1'e kadar düflmüfltür. Türkiye son 20 y ld r dünyada baflka bir örne i olmayan kronik yüksek enflasyonla yaflamak zorunda kalm flt r y l bafl nda, Uluslararas Para Fonu taraf ndan da desteklenen bir Enflasyonla Mücadele ve Ekonomik stikrar Program uygulanmaya bafllanm fl ve 2000 y l n n Kas m ay sonuna kadar program kapsam nda öngörülen para, maliye politikalar ve yap sal reformlar baflar ile sürdürülmüfltür. Ancak, yap sal reformlar n zaman nda gerçeklefltirilememesi, kamu iktisadi teflekküllerinin özellefltirmesi sürecinde yaflanan gecikmeler, baflta kamu bankalar olmak üzere bankac l k sektörünün içinde bulundu u sa l ks z yap ve Türk Liras n n yabanc paralar karfl s nda reel olarak de erlenmesi sonucunda cari ifllemler aç n n h zla büyümesinin kontrol alt na al namamas, 2000 y l Kas m ay sonunda bir mali krizin yaflanmas na yol açm flt r. Kas m krizinin etkilerinin geçmeye bafllad ancak dengelerin çok hassas oldu u bir dönemde, fiubat 2001'de, ekonomi tekrar bir kriz ortam na girmifl ve bu h zl bir biçimde toplumun genelini etkisi alt na alan büyük bir ekonomik krize dönüflmüfl ve ekonomik programda, özellikle para politikas nda, köklü de iflikliklere gidilmek zorunda kal nm flt r. Dalgal kur politikas na geçilmesiyle beraber Türk Liras y l sonu itibariyle %115 oran nda de er kaybetmifltir. Krizin ilk aylar nda daha da derin yaflanan durgunluk esnaf kesiminden bafllamak üzere tüm sektörleri etkilemifl, kapasite kullan m oranlar düflmüfl, iflten At the beginning of 2000, an IMF-supported anti-inflation and economic austerity program was put in place and fiscal and monetary policies and structural reforms, foreseen by the program, were implemented successfully until the end of November However, delays in structural reform and the privatization of state economic enterprises, coupled with the unhealthy structure of both state and private banks and rapidly growing current account deficit from overvalued Turkish Lira against hard currencies could not be controlled. This resulted in a new financial crisis erupting at the end of November At a time when the effects of the November crisis began to subside but economy was still in a relatively fragile state, a new economic crisis developed in February 2001 and affected the entire economy and society. This crisis necessitated the implementation of radical changes in the economic program, and the monetary policy in particular. With the transition to the floating exchange rate regime, the value of the Turkish Lira depreciated by around 115% as of the end of In the first few months of the crisis all sectors of industry were affected; shop owners and small businesses were hit particularly hard; industrial capacity utilization ratios dropped dramatically; businesses started laying off workers and some went bankrupt; the ratio of bounced checks increased by 48% compared to the previous year; and financial markets fluctuated erratically due to lack of confidence. While the market continued to oscillate back and forth, the terrorist attacks on September 11th and the ensuing military operations against the Taliban in Afghanistan led to yet further shocks. As a result of all these developments, while the GNP rose by 7.4% in 2000, a negative growth of 9.4% was recorded in The dramatic devaluation of the Turkish Lira led to significant changes in international trade. Exports totaled US$ 27.8 billion in 2000 while in 2001 they reached US$ 31.2 billion and imports receded from US$ 54.5 billion to US$ 40.5, the lowest level in five years. Domestic debt was TL 36.4 quadrillion in 2000 and increased more than 18 At the beginning of 2000, an IMF-backed anti-inflation and economic austerity program was put in place.

21 ç karmalar ve iflaslar bafllam fl, karfl l ks z çek adedi önceki y la göre %48 oran nda artm fl ve güvenin yitirilmesi mali piyasalarda afl r dalgalanmalara neden olmufltur. fiubat krizinin piyasalardaki çalkant lar devam ederken, 11 Eylül 2001'de Dünya Ticaret Merkezi ne yap lan sald r lar ve ABD nin Afganistan a yapt harekat nedeniyle büyük bir flok daha yaflanm flt r. Bütün bu geliflmelerin bir sonucu olarak 2000 y l nda GSMH'da %7.4 büyüme kaydedilmiflken 2001 y l nda %9.4 küçülme gerçekleflmifltir. Türk Liras nda yaflanan devalüasyon d fl ticarette önemli de iflmelere neden olmufltur. hracat 2000 y l nda 27.8 milyar ABD Dolar seviyesindeyken, 2001 y l nda 31.2 milyar ABD Dolar olarak gerçekleflmifl, ithalat ise 54.5 milyar ABD Dolar ndan son befl y l n en düflük seviyesi olan 40.5 milyar ABD Dolar na gerilemifltir. ç borçlar 2000 y l sonu itibariyle 36.4 katrilyon TL iken, 2001 y l nda üç kattan fazla artarak katrilyon TL ye yükselmifltir. D fl borçlar ise önceki y la göre sadece 1.8 milyar ABD Dolar azalarak 116 milyar ABD Dolar na düflmüfltür. three fold in 2001 reaching TL quadrillion. Foreign debt on the other hand, went down by only US$ 1.8 billion compared to the end of the previous year when it dropped to US$ 116 billion. In 2001, as a result of the crisis, radical changes were made in economic policies and in the management and decision-making mechanisms of state economic enterprises. Decisions were made on the economy making its management more autonomous and transparent y l ayn zamanda, krizin etkisiyle, ekonomi politikalar yla, kamu iktisadi teflekküllerinin yönetim ve karar mekanizmalar nda kökten de iflikliklerin yap lmaya baflland, devletin küçülmesi ve ekonomideki rolünün azalt lmas yönünde kararlar n al nd ve ekonomi yönetiminin özerkleflmeye ve fleffaflaflmaya bafllad bir y l olmufltur. 19 Turcas Petrol A.fi. > Ekonomik Geliflmelere Bak fl Economic Overview

22 20 > The amount of crude oil processed in refineries in Turkey increased by 6% in 2001, from 24.4 million tons to 25.9 million tons.

23 FAAL YETLER OPERATIONS Türkiye de rafinerilerde ifllenen ham petrol miktar, 2001 y l nda %6 artarak 24.4 milyon tondan 25.9 milyon tona yükselmifltir Türkiye de Petrol Sektörü Dünya ham petrol fiyatlar 1999 y l bafl ndan 2000 y l n n son çeyre ine kadar artt ktan sonra, 2001 y l ilk üç çeyre i içinde ABD Dolar aras nda nispeten istikrarl bir seyir izlemifltir. 11 Eylül 2001 de New York taki Dünya Ticaret Merkezi ne yap lan sald r lar ve ABD nin Afganistan'da bafllatt askeri harekat n ard ndan, 20 ABD Dolar n n alt na düflen petrol fiyatlar, 2001 y l n n dördüncü çeyre inde ortalama 19 ABD Dolar ndan ifllem görmüfltür. Türkiye de rafinerilerde ifllenen ham petrol miktar, 2001 y l nda %6 artarak 24.4 milyon tondan 25.9 milyon tona yükselmifltir. Yaflanan ekonomik bunal m nedeniyle 2001 y l nda trafi e ç kan araç say s önemli miktarda azalm flt r y l nda trafi e ç kan binek oto ve ticari araç say s bir önceki y la göre, s ras yla %14 ve %15 oran nda artm flken, 2001 in ilk üç çeyre indeki art fllar, s ras yla %4 ve %5 le s n rl kalm flt r. Yine 2001 in ilk üç çeyre inde araç ithalat ve yerli üretim, s ras yla %85 ve %60 oran nda azalm flt r. Petrol Ürünleri 2001 y l içinde faaliyette olan 13 da t m flirketi taraf ndan 15.3 milyon m 3 beyaz ürün ve 5.1 milyon m 3 siyah ürün sat fl gerçeklefltirilmifltir. Yaflanan ekonomik bunal m n etkisiyle Türkiye nin toplam benzin talebi 2000 y l na göre %11 daralarak 4.8 milyon m 3 den 4.3 milyon m 3 e gerilemifltir. Motorin talebi %1 art fl göstermifltir. Bu art fl n kay t d fl olarak ülkeye sokulan motorine ba l oldu u ve gerçek anlamda motorin talebinde, dizelde görüldü ü gibi, bir azalma oldu u söylenebilir. Ham Petrol Fiyatlar (ABD Dolar /varil) Crude Oil Prices (US$/barrel) Petroleum Industry in Turkey World crude oil prices continued to increase from the beginning of 1999 until the last quarter of 2000 but then they followed a relatively stable course during the first three-quarters of 2001 ranging between US$ Following September 11th and the resultant military operations in Afghanistan, oil prices went below US$ 20 and remained around US$ 19 on average during the fourth quarter of The amount of crude oil processed in refineries in Turkey increased by 6% compared to 2001, from 24.4 million tons to 25.9 million tons. The increase in number of new cars on the roads declined in 2001 due to the economic crisis. While the number of passenger cars and commercial vehicles added to the existing vehicle pool went up by 14% and 15%, respectively in 2000, the increases in the first three quarters of 2001 were limited to 4% and 5%, respectively. Also in the first three-quarters of 2001, imports and domestic car production dropped by 85% and 60%, respectively. Petroleum Products In 2001, there were 13 distribution companies in operation with a total sales volume of 15.3 million cubic meters of white products and 5.1 million cubic meters of black petroleum products. Due to the economic crisis, total demand for gasoline in Turkey decreased by 11% down to 4.3 million cubic meters from 4.8 million cubic meters. The volume listed for diesel implies a 1% increase in demand. However a careful analysis of the underlying volume would indicate that the increase was caused not by an actual increase in consumption but rather by a larger volume of "border trade" being included in the reported statistics. Taking this into account, we believe that the demand for diesel dropped by approximately the same percentage as gasoline Turcas Petrol A.fi. > Faaliyetler Operations