PROJECT

Projects

Summary of Investment Information

Project Number

36388

Company Name

TURKIYE PETROL RAFINERILERI ANONIM SIRKETI

Date SPI Disclosed

Aug 16, 2017

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Jul 10, 2017

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 21, 2024

Department

Regional Industry MAS MCT

Industry

Manufacturing

Previous Events

Approved : Jul 10, 2017
Signed : Aug 3, 2017
Invested : Sep 14, 2017

Sector

Oil Refineries

Project Description

The proposed IFC investment includes an A loan up to US$100 million (to be disbursed either in TRY or US$) to Turkiye Petrol Rafinerileri A.S. (“Tupras” or the “Company”), an existing oil refining company, for the financing of (i) the Company's research and development expenditure during 2017-2019 period, (ii) the new sulphur recovery units (the "SRUs") to be constructed in Izmit, Izmir and Kirikkale refineries, and (iii) the capacity increase of the continuous catalyst regeneration (the "CCR") platformer in Izmir refinery (the "Project").

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation