Company type | Anonim Şirket |
---|---|
BİST: PTOFS | |
Industry | Oil and gas |
Founded | 1941 |
Founder | Government of Turkey |
Headquarters | Ünalan, Istanbul |
Area served | Turkey |
Key people | Mehmet Abbasoğlu (CEO)[1] |
Products | Petroleum, natural gas, lubricants |
Services | Service stations |
Revenue | ₺ 19.548 billion (2011)[2] |
₺ 287 million (2011)[2] | |
₺ 201 million (2011)[2] | |
Total assets | ₺ 4.642 billion (2011)[2] |
Total equity | ₺ 577 million (2011)[2] |
Number of employees | 1,020[2] |
Parent | Vitol |
Subsidiaries | List
|
Website | petrolofisi.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]
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]