Petrol Ofisi A.Ş. is a fuel products distribution and lubricants company in

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...

. It is owned by Dutch

Vitol Vitol is a Swiss-based multinational energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Though trading, logistics and distribution are at the core of its business, these are complemente ...

Group. Vitol completed its acquisition of Petrol Ofisi from

OMV OMV (formerly abbreviation for Österreichische Mineralölverwaltung Aktiengesellschaft ('' en, Austrian Mineral Oil Administration Stock Company'')) is an Austrian multinational integrated oil, gas and petrochemical company which is headquart ...

AG in June 2017. Petrol Ofisi had 1900+ fuel stations in 2022 in Turkey.

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 Doğan Holding is amongst the biggest conglomerates in Turkey operating in the energy, media, industry, trade, insurance and tourism industries. Founded by Aydın Doğan who still is a major shareholder, the company is led by his daughter Begümh ...

. On March 13, 2006, the

Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...

n petroleum company

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

announced that it will buy 54.17% shares from the

for the sum of EUR 1 Billion, setting its total stake in the company to 95.75%. The transaction remained subject to approval by relevant authorities until December 22, 2010 when it was completed. 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.

References

External links

Official Petrol Ofisi website
�� {{Istanbul Stock Exchange companies Oil and gas companies of Turkey Chemical companies of Turkey Automotive fuel retailers Turkish brands Companies based in Istanbul Non-renewable resource companies established in 1941 Companies listed on the Istanbul Stock Exchange Turkish companies established in 1941

History

See also

References

External links