Petrol Ofisi A.Ş.
TypeAnonim Şirket
BİST: PTOFS
IndustryOil and gas
Founded1941 (1941)
FounderGovernment of Turkey
HeadquartersÜnalan, Istanbul
Area served
Turkey
Key people
 Mehmet Abbasoğlu (CEO)[1]
ProductsPetroleum, natural gas, lubricants
ServicesService stations
RevenueIncrease ₺ 19.548 billion (2011)[2]
Increase ₺ 287 million (2011)[2]
Increase ₺ 201 million (2011)[2]
Total assetsIncrease ₺ 4.642 billion (2011)[2]
Total equityIncrease ₺ 577 million (2011)[2]
Number of employees
1,020[2]
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 Dutch Vitol Group.[3] Vitol completed its acquisition of Petrol Ofisi from OMV AG in June 2017.

Petrol Ofisi had 1900+ fuel stations in 2022 in Turkey.[4]

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.

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%.[5] The transaction remained subject to approval by relevant authorities until December 22, 2010 when it was completed.[6]

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.[7]

See also

References

  1. ↑ "Vitol's Petrol Ofisi appoints new CEO". Vitol Official Website. Retrieved 17 November 2022.
  2. 1 2 3 4 5 6 "ANNUAL REPORT 2011" (PDF). OMV Petrol Ofisi A.Ş. Retrieved 30 June 2012.
  3. ↑ "Vitol completes acquisition of Turkey's Petrol Ofisi - Vitol".
  4. ↑ "Petrol Ofisi - Vitol". Archived from the original on 2019-03-25.
  5. ↑ Press release from omv.com, October 22, 2010
  6. ↑ Press release from petrom.com, December 22, 2010
  7. ↑ Gazete, Banka (22 November 2021). "Petrol Ofisi, Texaco madeni yağ ürünlerinin Türkiye'deki ilk üretimine başladı". Gazete Banka. p. https://gazetebanka.com/. Retrieved 22 November 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.