CEYHAN TERMINAL

Our group acquired this sea-attached plot during the year 2005.

Theplot is located in Yumurtalik of Iskenderun Bay. It is located 3 km from BOTAŞ (exit terminal of Iraqi crude oil) and Baku-Tbilisi Ceyhan (BTC) crude oil terminals and near the exit point of BTC and Kirkuk-Yumurtalik crude oil pipelines. Thelocation is very strategic due to its proximity to the Iraqi and BTC crude oil pipeline exit terminals.

Iskenderun Bay is also a busy commercial centre and an important port of Turkey serving the Southeast and East Anatolian regions as well as the East Mediterranean. Its geographical proximity allows the plot to serve as an oil storage terminal as gateway in transit traffic between Black Sea, Aegean Sea and Mediterranean markets.

Our group is currently in a process of building a product and crude oil storage terminal on this plot with a capacity to reach approximately 850’000 cubic meters in several phases and a jetty to accommodate VLCCs to meet the requirements for large scale operations.