Petrol Ofisi

Petrol Ofisi A.Ş.
Company typeAnonim Şirket
BİST: PTOFS
IndustryOil and gas
Founded1941; 84 years ago (1941)
FounderGovernment of Turkey
HeadquartersÜnalan, Istanbul
Area served
Turkey
Key people
Mehmet Abbasoğlu (CEO)[1]
ProductsPetroleum, natural gas, lubricants
ServicesService stations
RevenueIncrease € 11.03 billion (2023)[2]
Number of employees
1,020[3]
ParentVitol
Subsidiaries
List
  • Erk Petrol
    Marmara Depoculuk
    PO Gaz İletim
    PO Georgia
    PO Akdeniz Rafinerisi
    PO Arama Üretim
    Maxima
Websitepetrolofisi.com.tr

Petrol Ofisi A.Ş. is a fuel products distribution and lubricants company in Turkey. It is owned by the Dutch Vitol Group.[4] Vitol completed its acquisition of Petrol Ofisi from OMV AG in June 2017.

Petrol Ofisi had 1900+ fuel stations in 2022 in Turkey.[5]

History

It was established on February 18, 1941, as a state-owned company to import, stock, refine and distribute petroleum products. It became a joint stock company in 1983.[citation needed]

On July 24, 2000, the company was privatized, and initially 51% of the shares were purchased by Doğan Holding. On March 13, 2006, the Austrian petroleum company OMV bought 34% of the stake for US$1.054 billion. After this stock exchange, the share of Doğan Group decreased from 86.7% to 52.7%. On October 22, 2010 OMV announced that it will buy 54.17% shares from the Doğan Holding for the sum of EUR 1 Billion, setting its total stake in the company to 95.75%.[6] The transaction remained subject to approval by relevant authorities until December 22, 2010, when it was completed.[7]

Within the scope of the agreement signed between Petrol Ofisi and Chevron Brands International (Chevron) in 2021, Texaco started the production of mineral oil products.[8][9]

Sponsorships

Petrol Ofisi has acted as the main sponsor of the Formula One Turkish Grand Prix in 2006–2008. In addition, it has sponsored the Fisichella Motor Sport team in the GP2 Series in 2006–2007.

See also

References

  1. ^ "Vitol's Petrol Ofisi appoints new CEO". Vitol Official Website. Retrieved 17 November 2022.
  2. ^ "ANNUAL REPORT 2023" (PDF). OMV Petrol Ofisi A.Ş. Retrieved 30 June 2012.
  3. ^ "ANNUAL REPORT 2011" (PDF). OMV Petrol Ofisi A.Ş. Retrieved 30 June 2012.
  4. ^ "Vitol completes acquisition of Turkey's Petrol Ofisi - Vitol".
  5. ^ "Petrol Ofisi - Vitol". Archived from the original on 2019-03-25.
  6. ^ Press release from omv.com, October 22, 2010
  7. ^ Press release from petrom.com, December 22, 2010
  8. ^ Gazete, Banka (22 November 2021). "Petrol Ofisi, Texaco madeni yağ ürünlerinin Türkiye'deki ilk üretimine başladı". Gazete Banka. Retrieved 22 November 2021.
  9. ^ "Petrol Ofisi'nin BP Türkiye'yi devralmasına onay". BloombergHT (in Turkish). 2024-09-12. Retrieved 2024-10-10.

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