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.[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%.[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
- ^ "Vitol's Petrol Ofisi appoints new CEO". Vitol Official Website. Retrieved 17 November 2022.
- ^ a b c d e f "ANNUAL REPORT 2011" (PDF). OMV Petrol Ofisi A.Ş. Retrieved 30 June 2012.
- ^ "Vitol completes acquisition of Turkey's Petrol Ofisi - Vitol".
- ^ "Petrol Ofisi - Vitol". Archived from the original on 2019-03-25.
- ^ Press release from omv.com, October 22, 2010
- ^ Press release from petrom.com, December 22, 2010
- ^ 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.
External links
- Official Petrol Ofisi website—(in Turkish)
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