EKOSE HOLDING www.ekoseholding.

com
INCORPORATION

Annual
Report
2022
 TABLE OF CONTENTS

01
Letter from our
14 Sphare of Influence
President

03 About Ekose Holding 15 Energy & Mining

04 Our Values 17 Construction

06 At a Glance 19 Production

07 Key Financial
Indicators 22 Trade

Organization
13
Chart 24 Group Companies

Ekose Holding
 Ekose Holding
Incorporation

Chairman's
Statement
Our valued business partners and
dear colleagues, I am pleased to report that Ekose
Holding Incorporation has achieved
I am delighted to present our Group remarkable financial results during
statement for the fiscal year 2022 on the past fiscal year, achieving
behalf of Ekose Holding significant growth and surpassing
Incorporation. It is with great pride key milestones. Our prudent risk
that I reflect on the achievements, management practices, disciplined
challenges, and prospects that have cost controls, and agile market
defined our journey during this strategies contributed to solid
period. revenue generation and enhanced
profitability. We maintained a strong
First and foremost, I would like to financial position, optimizing our
express my sincere gratitude to our capital structure to support our
business partners and colleagues for growth objectives while preserving
their unwavering support and share value. Our steadfast focus on
confidence in our vision. Despite the operational efficiency, coupled with
dynamic and unpredictable global prudent financial management, has
landscape, we have emerged as a resulted in robust revenue growth.
resilient force, driven by our
unwavering commitment to
excellence and innovation. In the petroleum sector, we
continued to reinforce our position as
The year 2022 witnessed a complex a trusted global player. We
global economic landscape, marked successfully diversified our product
by geopolitical uncertainties, shifting portfolio, expanded our customer
demand patterns, and evolving base, and deepened our presence in
regulatory frameworks. Despite these key markets. By leveraging our
challenges, Ekose Holding extensive network, advanced
Incorporation navigated through the logistics capabilities, and market
intricacies of the market with intelligence, we efficiently sourced,
resilience, adaptability, and astute transported, and delivered
decision-making. Our strong petroleum products, ensuring
foundation, deep industry expertise, reliable supply to our valued
and strategic partnerships enabled customers worldwide. Our
us to seize opportunities and create unwavering commitment to quality,
value in an ever-changing safety, and sustainability remained
environment. at the forefront of our operations,
reinforcing our reputation as a
responsible industry leader.
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Ekose Holding
 Ekose Holding
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Chairman's
Statement
Our trading division also made I would like to express my sincere
significant strides during the year. appreciation to our colleagues,
We seized opportunities in diverse customers, employees, and partners
markets, engaging in strategic for their invaluable support. Together,
sourcing, trading, and distribution we have achieved remarkable
activities. By harnessing our milestones and are poised to
expertise, market insights, and risk embrace an exciting future. As we
management capabilities, we embark on the next phase of our
effectively navigated the journey, I assure you that the Board
complexities of commodity markets. of Directors and I are fully committed
We maintained strong relationships to upholding our core values and
with our suppliers and customers, driving our company towards new
facilitating seamless transactions heights of success.
and delivering value across the
entire supply chain. Thank you for your continued trust
and belief in Ekose Holding
At Ekose Holding Incorporation, we Incorporation. We look forward to
firmly believe in the importance of delivering sustainable value and
environmental stewardship and contributing to the well-being of all
social responsibility. We are our stakeholders.
committed to conducting our
business in a sustainable and ethical Sincerely,
manner, minimizing our ecological Mehmet Nejat Balarısı
footprint and positively impacting President
the communities in which we Ekose Holding Incorporation
operate. Through various initiatives,
we have reduced our carbon
emissions, promoted diversity and
inclusion, and supported education
and healthcare programs. We
understand that sustainable growth
is inseparable from responsible
practices, and we remain dedicated
to making a positive difference in the
world.

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Ekose Holding
 Ekose Holding
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About
Us
AtEkose Holding Incorporation, a We are dedicated to operational
leading multinational company excellence, adhering to the highest
specializing in petroleum and standards of quality, safety, and
commodity trade. With a strong efficiency. Our state-of-the-art
global presence and a rich legacy, infrastructure, advanced logistics
we have established ourselves as a capabilities, and robust risk
trusted and reliable partner in the management systems ensure
energy and commodities sectors. reliable and secure supply chains. By
Our commitment to excellence, optimizing processes, embracing
integrity, and sustainable practices technology, and leveraging data-
drives our success and sets us apart driven insights, we continuously
in the industry. enhance our operations to exceed
customer expectations.
At Ekose Holding Incorporation, we
have built a robust global network, As we look to the future, we remain
enabling us to operate seamlessly dedicated to driving sustainable
across borders and connect growth, embracing emerging
producers and consumers opportunities, and navigating
worldwide. With our deep market evolving market dynamics. We will
knowledge, extensive industry continue to adapt, innovate, and
experience, and strong relationships, expand our global presence to meet
we excel in the trading and the ever-changing needs of the
distribution of petroleum products energy and commodities sectors.
and a wide range of commodities. With our strong foundation, deep
Our dedicated teams of experts industry expertise, and unwavering
navigate complex markets, ensuring commitment to excellence, we are
the timely and efficient delivery of well-positioned to shape the future
products to meet our customers' of petroleum and commodity trade.
diverse needs. Thank you for choosing [Company
Name] as your trusted partner. We
are excited to embark on this journey
with you and deliver exceptional
value in the ever-evolving world of
energy and commodities.

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Ekose Holding
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Our
Mission
At Ekose Holding Incorporation, our Value Creation: We are dedicated to
mission is to be a leading creating sustainable value for our
multinational holding company that stakeholders, including shareholders,
drives sustainable growth and value employees, customers, and the
creation across diverse industries. communities in which we operate.
We are committed to: Through disciplined financial
management, prudent risk
Strategic Investment: We aim to
assessment, and strategic decision-
identify and invest in promising
making, we maximize returns on
businesses and sectors globally,
investment while maintaining a
aligning our investments with long-
strong focus on ethical business
term growth opportunities. Through
practices.
strategic partnerships and
acquisitions, we seek to build a
diverse portfolio of companies that Innovation and Adaptability: We
complement each other and provide embrace innovation and
synergistic advantages. adaptability as essential drivers of
success in a rapidly evolving
Operational Excellence: We strive for business landscape. By encouraging
operational excellence in all our a culture of creativity, collaboration,
portfolio companies, implementing and entrepreneurship, we strive to
best practices and fostering a anticipate market trends, leverage
culture of efficiency, innovation, and emerging technologies, and pioneer
continuous improvement. By new business models. We
optimizing processes, enhancing continuously challenge conventional
productivity, and leveraging thinking to stay ahead of the curve
technology, we create value and and seize opportunities in an ever-
sustainable competitive advantages changing world.
for our businesses.

Through our unwavering commitment to our mission, we aim to deliver

sustainable growth, generate value for our stakeholders, and contribute to the
betterment of society. We operate with integrity, agility, and a long-term
perspective, ensuring that [Company Name] remains a trusted and respected
multinational holding company, making a positive impact on the world.

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Ekose Holding
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Our
Vision
Our vision at Ekose Holding Innovation and Future Readiness: We
Incorporation is to be a globally aspire to be at the forefront of
recognized and respected innovation and technological
multinational holding company that advancements, embracing
drives sustainable growth, disruptive trends and leveraging
innovation, and positive change emerging technologies. We envision
across industries and geographies. a culture that encourages curiosity,
We envision a future where: experimentation, and the pursuit of
breakthrough ideas. By continuously
Leadership in Diversified Investments: challenging the status quo, we seek
We strive to be a leader in identifying to shape the future and pioneer new
and investing in diverse business business models that anticipate and
sectors and geographies, fostering a meet evolving customer needs.
portfolio of companies that thrive
and create long-term value. Our Global Impact and Sustainability: We
strategic investments will be guided are dedicated to making a positive
by a deep understanding of market impact on the global community
dynamics, emerging trends, and and environment. We strive to
opportunities, positioning us as a operate in an ethical, responsible,
trusted partner for growth and and sustainable manner, minimizing
innovation. our ecological footprint, promoting
social well-being, and actively
Value Creation : We are committed contributing to the achievement of
to creating sustainable value for our the United Nations Sustainable
future by delivering consistent and Development Goals. Through our
attractive returns on investments. By businesses and initiatives, we aim to
capitalizing on synergies within our drive positive change, empower
portfolio, optimizing operational communities, and enhance quality of
performance, and seizing growth life.
opportunities, we aim to outperform
industry benchmarks and maximize
value.
As we pursue our vision, we will remain agile, adaptable, and resilient in the face
of challenges and uncertainties. Guided by our core values of integrity,
excellence, innovation, and social responsibility, we will navigate the dynamic
business landscape, unlock new possibilities, and shape a brighter future for
Ekose Holding Incorporation, our business partners and the world.

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Ekose Holding
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AT A GLANCE
Ekose Holding Incorporation's core business is the physical trading of oil and
petroleum products and trading of petrcochemical products and followed by
industrial and infrastructure construction, healthcare investments, precious
metals and minerals and commodity trade. Our assets and investments
enhance these activities. We have 2.200 employees in across 10 countries.
Terminals, storage and infrastructure
Trading, logistics and distribution
Our 10 million barrels of leased capacity in our
Trading operations of Ekose covers Asian,
trade focus ares enables us to store and blend
Mediterranean and Middle East regions through
bespoke combinations.
presence and experience and offers tailored
solutions as a reliable partner in trading.
+550.000 CUBIC METERS
+150 VESSELS OF STORAGE İN TRADE HUBS
TRANSPORTİNG OUR
CARGOES AT SEA İN A YEAR

Refining
Global Presence
Ekose investment in Norther Iraq has a total
Ekose has a presence in Asia, Europe and Middle
refining capacity of 25,000 barrels per day.
East with its affiliates / organization and has a broad
partnership network across the globe.
25,000 BPD
50+ PARTNERS 10 OFFICES REFINING CAPACITY
AT LOCATİONS OF PRESENCE

Investing strategically Crude Oil Trading

We are invested in a growing portfolio of energy Throughout its allocations Ekose trades crude oil to
assets that complement the broader business. We long served clients in Asia and Europe.
focus on quality assets, investing to upgrade and
improve asset performance.

40+M
10+M BARRELS BARRELS OF CRUDE AND
OF JET FUEL İNTO WİNG AT PRODUCTS TRADED İN 2022
AİRPORTS WORLDWİDE

Precious Metal
Precious Metals is one of the main commodities of
Ekose for trading.

28+MT
PRECIOUS METALS TRADED IN
2022

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Ekose Holding
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KEY FINANCIAL INDICATORS

GROUP REVENUE

During the period under review, the

global market witnessed a significant
$4.3 bn Group Revenue
increase in commodity prices,
5.000 including those of key products traded
4.000
by our company. Factors such as
supply disruptions, geopolitical
3.000 tensions, and increased demand have
driven up prices, resulting in higher
2.000 revenue generation. Our company,
1.000
being a key player in the commodities
market, has effectively capitalized on
0 these price increases, thereby
2020 2021 2022 experiencing a surge in revenue.

The increased group revenue is due to the the increased group revenue for our
growth in trading volumes across various company is because of higher
commodities and petroleum products. commodity prices, expanded trading
Our company has successfully expanded volumes, geographical expansion,
its market presence, capturing a larger value-added services, efficient cost
share of trading opportunities. Through management, and robust risk
effective marketing strategies, strong mitigation strategies. These factors,
relationships with suppliers and combined with our market expertise,
customers, and enhanced logistical operational excellence, and customer-
capabilities, we have been able to trade centric approach, have propelled our
larger quantities of commodities and revenue growth and strengthened our
petroleum products, resulting in increased position as a leading player in the
revenue. industry.

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Ekose Holding
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KEY FINANCIAL INDICATORS

COMBINED VOLUME OF COMMODITIES TRADED

9.3 mmt Commodities Traded As the war between Ukraine and

Russia advances, Our company has
10 actively diversified its product portfolio,
offering a wider range of commodities
7,5 to cater to market needs. By identifying
emerging trends and assessing
5 market demand, we have expanded
beyond traditional commodities to
2,5
include specialized and niche
products. This strategic expansion has
allowed us to capture new market
0
2020 2021 2022 segments, attract additional
customers, and increase the volume of
commodities traded.
The global market demand for The increase in the volume of traded
commodities has experienced steady commodities for our company engaged
growth due to several factors, including in commodities and petroleum trading
population expansion, urbanization, and can be explained by market demand
overall economic development. This has and economic growth, expanded
led to increased consumption of product portfolio, geographical
commodities across various sectors, such expansion, strong supplier and
as manufacturing, construction, and customer relationships, technological
energy. Our company, being a prominent advancements, efficiency gains, and
player in the commodities trading effective risk management and
industry, has benefited from this growing compliance practices. These factors,
demand, resulting in an increase in the combined with our market expertise
volume of commodities traded. and operational excellence, have driven
the growth in traded commodities,
positioning our company as a trusted
partner in the industry.

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KEY FINANCIAL INDICATORS

GROSS PROFIT

$223.8 m Gross Profit Our company's robust risk

management practices have
250 contributed to the increase in gross
profit. Commodity trading inherently
200 involves various risks, including market
volatility, credit risk, and operational
150
disruptions. Through diligent risk
100 assessment, strategic hedging, and
proactive risk mitigation measures, we
50 have minimized potential losses and
protected profit margins, leading to
0
2020 2021 2022 higher gross profi
the increase in gross profit for our
company engaged in commodities and
Our company has experienced an petroleum trading is because of higher
upswing in the volume of commodities sales revenue, favorable commodity
traded and an improvement in average price fluctuations, effective cost control
selling prices. This increase in sales and efficiency measures, diversification
revenue, driven by higher trading volumes and value-added services, effective risk
and favorable market conditions, has management, and geographic
directly influenced the growth in gross expansion. These factors, combined
profit. with our market expertise, operational
excellence, and customer-centric
Our company has implemented stringent approach, have resulted in improved
cost management practices, optimizing gross profit margins and strengthened
various cost components such as our financial performance.
procurement, logistics, and overhead
expenses. By enhancing operational
efficiency and streamlining processes, we
have minimized costs and maximized
profitability, resulting in higher gross profit
margins.

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Ekose Holding
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KEY FINANCIAL INDICATORS

TOTAL ASSETS

$223.8 m Total Assets The decrease in total assets is also

attributed to the repayment of financial
600 liabilities and debt obligations. As a
multinational company, we have made
repayments towards loans, debts and
400 other borrowings during the period.
Such repayments reduce the liabilities
recorded on the balance sheet,
200 resulting in a corresponding decrease in
total assets.
0 It is important to note that while there
2020 2021 2022 has been a slight decrease in total
assets, the high level of profit indicates
a strong financial performance for our
A significant portion of our company's company. The decrease in total assets
assets consists of inventory, including are because of the aforementioned
commodities and petroleum products factors, which are often influenced by
held for trading purposes. The slight strategic decisions, market conditions,
decrease in total assets is attributed to a and accounting principles. We remain
change in inventory valuation. committed to maintaining a sound
Fluctuations in commodity prices and financial position and continuously
market conditions impact the valuation of exploring opportunities for growth and
inventory, leading to a decrease in its profitability.
recorded value. However, it's important to
note that this decrease does not reflect a
decrease in the physical quantity or value
of our trading inventory.

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KEY FINANCIAL INDICATORS

NET PROFIT

$224.3 m Net Profit Our company's focus on providing

value-added services and integrated
250 solutions has further bolstered net profit
growth. By offering additional services
200 such as logistics, storage, risk
management, and customized
150
solutions, we have enhanced our
100 customer offerings and differentiated
ourselves from competitors. These
50 value-added services often command
higher profit margins, contributing to
0
2020 2021 2022 the overall increase in net profit.
Our company has implemented robust
risk management strategies to mitigate
Our company has experienced a surge in potential risks associated with
the quantity of commodities and commodities and petroleum trading. By
petroleum products traded during the closely monitoring market trends,
specified period. This heightened trading employing hedging mechanisms, and
activity, driven by increased market diversifying our product portfolio, we
demand, favorable market conditions, have effectively managed market risks
and effective marketing strategies, has and minimized potential losses. This
directly influenced the growth in net profit. proactive risk management approach
has safeguarded our profitability and
Factors such as supply disruptions, contributed to the remarkable increase
geopolitical tensions, and changes in in net profit.
global economic conditions have created
market opportunities and driven up
commodity prices. Our company, being a
key player in the commodities and
petroleum trading industry, has effectively
capitalized on these favorable market
dynamics, resulting in improved profit
margins and higher net profit.

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KEY FINANCIAL INDICATORS

OTHER INDICATORS

%49 Oil and Petroleum $7.8 mmt Oil and Petroleum

Products revenue % Products Traded
50 8

40
6
30
4
20
2
10

0 0
2020 2021 2022 2020 2021 2022

2.483 Average number of Ekose Holding Incorporation and the

employees companies in which it directly or indirectly
2.500 owns investments in are separate and
distinct entities.
2.000 In this publication, the collective
expressions ‘Ekose’, ‘Ekose Group’, ‘the
1.500
Company’ and ‘the Group’ may be used
1.000 for convenience where reference is made
in general to those companies. Likewise,
500 the words ‘we’, ‘us’, ‘our’ and ‘ourselves’
are used in some places to refer to the
0
2020 2021 2022
companies of the Ekose Group in general.
These expressions are also used where no
useful purpose is served by identifying
any particular company or companies.

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ORGANIZATION CHART
President

Director, Audit Division

CEO

CFO Director, Commodity Division

Director, Petrochemicals
Director, Energy Division
Division

Chief Legal and Compliance

Director, Construction Division
Officer

Strategy and Business

Director, Service Division
Development Director

Director, Human Resources

Industrial Relations

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SPHARE OF INFLUENCE
We connect counterparties, build capacity and develop physical commodity
markets reliably, efficiently and responsibly. We are adding value to the global
trade in natural resources with exceptional service and performance across the
supply chain.

Affiliates
• Balarısı Juwelery • Ekose Rezvan
• Lamar Yapi • Ekose Gmbh
• Tamin Construction • Ekose Iraq
• MTB Insaat • Birkezer Refinery
• BoaRUS Const. • Askay
• Ankas • Berf Strafor
•Getas • Berf PET
•Akcayoz • Berf Regenerate
•Tesson • Papersack Iraq
• Denta Dredging

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ENERGY & MINING

OUR APPROACH
The energy industry is facing rapid expansion and known that future of global
energy consuption would increase significantly as well. Throught all these
informations, energy industry is totally accepted as a bright opportunity to look
forward. Ekose is always ready to invest or make partnerships in energy production
and coal mining facilities.

Ekose undertakes consultancy and turnkey project contracts that comprise of

construction management , engineering, project management, operating of power
plants and energy sales. In the strength of its own assets and own resources Ekose
is always ready to act as a reliable partner for energy investors.
Not only in relation with ready-made technology-based projects, Ekose is ready to
participate in innovative energy production projects.

SOLAR POWER
The future energy mix will have to include every kind of energy sourcing models to
meet growing demand. As Ekose we accept solar power as a clean, flexible and
efficient energy resource.

In these conditions, Ekose is always ready to invest and make partnership with 3rd
parties that are holding licence and land for solar energy production or to consult
whole the solar energy generation processes.

Within this context Ekose is one of the service, engineering and solution provider in
Solar Power sector with its capabilities of production, technical support and know-
how.

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ENERGY & MINING

THERMAL POWER
Mining is a central aspect of Ekose's long-term growth strategy. Acting with the
sister company DEMİRAY MINING LTD in the thermal power production industry,
Ekose hosts numerous coal mining lisences with enormous capacity of high quality
coal reserves in Northern Turkey. This status keeps Ekose as the highest potential
partner for the thermal power generation investment projects in Turkish region.
Ekose always has the will to invest, make partnership and consult the overall
energy generation and energy sales processes.

OIL & GAS

The oil refining division BİRKEZER REFINERY located in Northern IraqPetroleum
Products, concentrates on refining crude oil into petroleum products. By utilizing the
technical and commercial skills, Ekose enables greater trading opportunities by its
sister companies manufacturing capacity and high quality production ability. Oil &
Gas trading experience above 23 years, Ekose is an expert in crude oil processing
and petroleum products trade management.

Sourcing ability from oil majors, national governments, sister refinery, other
refineries and other business partners, Ekose is an expert in crude oil, gasoline, jet
fuel, diesel fuel, kerosene, clean condensates, fuel oil and heating oil. Meanwhile,
Ekose works with smaller producers that are seeking the marketing expertises to
help to distribute their crude oil production through long-term contracts.

MINING
Throughout the massive increase in global and regional energy consumption, Ekose
keeps holding its significant assets to be used in energy production with the jointly
sister company DEMİRAY MINING LTD.

The owned minging assets include high quantity of high quality coal reserves
while their locations let easy access to the available energy lines.

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CONSTRUCTION
OUR APPROACH
Ekose has always been active in high capacity construction projects in the
domestic and international markets. Ekose's professional development facilitates
are based on its continuously improving assets management system, skills, know-
how and judgment abilities. In the strength of the values that Ekose holds, it is
always capable to take place in large-scale construction projects with various
titles.

Holding precious real estate values in its portfolio differs Ekose from the surrounding
companies. Ekose Trade Inc. places high priority for the real estate industry with a
global perspective. With its high level Real Estate development skills, Ekose involves
in the urban transformation site developments and other land development
projects by adding value with its financial modelling expertise and other funding
sources and investors both local and foreign, existing in its current network.

CONSTRUCTION
Ekose with its expertise in commercial and industrial construction projects, realises
high volume superstructure and infrastructure projects. Ekose aims to generate its
field of activities both in the domestic market and in international markets such as
Middle East, Asia, Africa and Europe.

In the strength of the steel building avability and Dragon Board usage, Ekose can
hold any kind of projects with rapid construction avability.

At the same time, Ekose supports activities that contribute to economic and social
development within the context of transparency, equity, liability and accountability.
Consequently, it is a member of Ethics and Reputation Society. Also, Ekose gives
importance to human rights, labour and environment.

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CONSTRUCTION
STEEL FABRICATED BUILDING
Ekose with the expertise in steel building construction, considers the steel as a high-
performance and green building material. With the joint partner STEINBERG, Ekose
continues its construction facilities constantly. Turkey, with the disadvantage of
disturbing geographical positon, accepts the steel building construction as the
most secure way to construct residentals against the earth quakes. Also accepting
the rapid installation processes and easy step construction opportunity, theglobal
steel building industry keeps its growth in a significant rate.

ENGINEEERING
The engineering phase of projects is key to Ekose , since it represents the starting
point to obtain the best product for the customer in terms of functionality, quality,
budget and delivery terms.
The responsibility of engineering is to assure correct and coordinated realization of
design activities, supporting the work of the other company departments.
Ekose provides the following engineering services:

Technical and economic feasibility studies.

Basic and detailed design.
Budgeting services and specialized consultancy.
Pre-commissioning, commissioning and startup services of plants for owned
projects in Engineering,
Conceptual design for front-end engineering.
Preliminary, definitive and executive design.
Procurement and Construction (EPC)

Engineering specializations include mechanical, vessels, storage tanks, piping and

pipelines, electrical, implementation and control, civil, architectural and structural,
project engineering, process and power plants.

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PRODUCTION
OUR APPROACH
Ekose continues its manufacturing facilities in various industries in different regions,
accepting its environmental responsibility and holding respect to labor and human
rights in the whole manufacturing operations.

PETROLEUM PROCESSING
Located in Northen Iraq, Ekose continues its petroleum refining operations with
9.125.000 BBL annual production capacity with the sister company BİRKEZER
REFINERY, in Bazian. Utilising the geographical advantages, Ekose also provides high
level of service quality.

The refinery’s storage capacity and the flexibility of its installations provides the
capabilities to handle a wide range of both intermediate and finished products
including;

Gasoline
Heating oil
Heavy fuel grades

PETROCHEMICAL PRODUCTS
Ekose has reliable suppliers for Petrochemical Pruducts in Russian Federation and
Europe to meet or clients demands with right price, on time and suitable
specifications.

Ekose continues its petrochemicals industry operations with the solution partners
around the world for producing the below products;

Urea Prill Granulled Urea D.A.P.

Granulled Sulphur Sulphuric Acid Phosphoric Acid
Natural Condensate Amonia

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PRODUCTION
STYROFOAM EPS
With the thermoplastic structure, styrofoam is used for providing high levels of
thermal insulation and visual aesthetics. Sytrofoam is accepted as a easy to carry,
easy to apply and a low cost building material in construction industry. Ekose Trade
Inc, continues to implement its styrofoam production operations in Erbil, Iraq with
the jointly sister company BERF.

PAPER BAGS (CRAFT BAGS)

Ekose Trade Inc. realises its paper bag manufacturing operations in Erbil, Iraq in
partnerhsip . The manufacturing facility with 35.000 m2 closed area, delivers the
yearly production capacity of 500.000.000. Besides the high production capacity,
Ekose provides high quality paper bags for cement, construction chemicals, animal
feeds and flour industries.

As in other manufacturing operations, Ekose accepts its environmental

responsibility with the respect to labour and humand rights.

PET RECYCLING
Ekose continues to implement its PET Recycling operations in Erbil, Iraq with the
jointly sister company BERF.

Ekose also plays active role in encouraging the regional community and regional
industries about plastics recycling and environmental responsibility.

As recycling of plastics is an environmental responsibility itself, Ekose also respects

to labor and human rigths in its manufacturing and in other related operations.

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PRODUCTION
PET PREFORM
Ekose continues to implement its PET Preform manufacturing operations in Erbil,
Iraq with the jointly sister company BERF. In the strength of high level experience
and know-how, Ekose manufactures PET Preforms to be supplied especially for
pharmaceuticals industry. Differently from the pharmaceuticals industry, Ekose
focuses on food & beverage industry, cosmetics industry, purification industries.

For building long-term business partnerships, Ekose continues the production

operations with the highest production quality standarts in the strength of its high-
tech production facility.

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TRADE
OUR APPROACH
Ekose provides high volume trade operations in global markets. Through out the
manufacturing, importing, exporting and re-exporting of goods, Ekose intends to
build reliable relationships with its partners and customers. Ekose also works on
developing new markets by new investments, new partnerships and innovation.
Trading operations of Ekose predominantly focuses on;

Crude Oil and Petroleum Products

Precious Metals
Raw Materials
Cement

In the strength of efficient assets management system, know-how and qualified

labor, Ekose continues to strengthen its trade operations with its reliable business
partners and clients.

OIL
Ekose supplies crude oil from reliable business partners and manages the whole
financing, storing, production and trading operations to process with the jointly
sister company BİRKEZER REFINERY in Iraq region. Ekose holds the access to almost
every major refinery, oil majors and national governments and captures different
opportunities in the global oil business. As an expert in crude oil trading and
managing the risks, Ekose uses its global presence, market knowledge and logistics
capabilities to balance the supply and the demand to optimise its crude oil trade
operations.

While the crude oil business is stated as a real important business line for Ekose, the
refinery outputs also keeps high importance levels in the trading operations. As
refined petroleum product categories involve a wide range of product lines, they
also appeal to a larger potential of importers and exporters.

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TRADE
GOLD
Ekose refines high volume the used gold in its induction facility and adds the
Hallmark for the refined gold. In the strenth of deep experience and full service
ability, Ekose continues its operations with the jointly sister company Balarisi
Juwelier, located in Iserlohn, Germany.

As it is the oldest financial instrument, Ekose believes that each partner should be
holding some sizes of physical gold investment while realizing this investment
through profitable scenarios. Therefore, our philosophy is to create a precious
metals portfolio that is personalized to each partners needs and goals.

CEMENT
Cement has an important role in Ekose's trading operations. As a provider of clinker,
ash and cement, also Ekose is always ready to participate about international
cement manufacturing investments through admissible markets.

RAW MATERIALS
Ekose supplies a wide variety of commodity raw material. Sourcing directly from
own soruces, international raw material producer partners Ekose provides the
highest service standards for its clients and partners.

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GROUP COMPANIES

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