Türkiye Petrol Rafinerileri A.Ş. is a company in
Turkey
Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armen ...
, operating four refineries with a total capacity to handle an annual 30 million tons of crude.
Introduction
Tüpraş operates four oil refineries, three of which process imported crude. The 11 million tonnes a year Izmit refinery at Izmit in north-west Turkey and the 11 million tonnes/yr
Izmir refinery at Aliaga on Turkey's central Aegean coast process crude from global markets delivered by tanker while the 5 million tonnes/yr Kirikkale refinery at Kirrikale in central Turkey processes crude delivered to Turkey's Mediterranean oil hub at Ceyhan and transited to the refinery via a bespoke pipeline.
The fourth refinery, the 1.1 million tonnes/yr batman refinery processes crude produced a myriad small oil fields in south-east Turkey delivered to the refinery both via an existing pipeline network and by road tanker.
Tupras also owns a majority stake (79.98%) in the shipping company DİTAŞ and, since 2006, a 40% ownership of petrol retailer Opet.
The company's origins go back to İPRAŞ (İstanbul Petrol Rafinerisi A.Ş.) established by the U.S.
Caltex
Caltex is a petroleum brand name of Chevron Corporation used in the Asia-Pacific region, the Middle East, and Southern Africa. Headquartered in Singapore, it is also the brand name of non-Chevron petroleum companies in some countries (such as ...
Company (now part of
Chevron). In 1983, İPRAŞ and three other publicly owned refineries were brought into state control under the Tüpraş umbrella. Partial privatisation started in 1991, when an IPO sold 2.5% of shares to the public; by 2005 a number of secondary issues had taken this up to 49%. In 2005, a consortium of
Koç Holding
Koç Holding A.Ş. () is a Turkish multinational industrial conglomerate headquartered in Istanbul, Turkey. It operates as the country's largest company, and the only to be listed on the Fortune Global 500 as of 2024. Koç Holding's contributio ...
and
Shell
Shell may refer to:
Architecture and design
* Shell (structure), a thin structure
** Concrete shell, a thin shell of concrete, usually with no interior columns or exterior buttresses
Science Biology
* Seashell, a hard outer layer of a marine ani ...
bid over $4billion to acquire the 51% interest remaining; this was through a new joint venture company, Enerji Yatırımları A.Ş. The company’s shares were divided among the shareholders as follows: Koç Holding A.Ş. 75%, Aygaz A.Ş. 20%, OPET Petrolcülük A.Ş. 3%, Shell Overseas Investment B.V. 1.9% and the Shell Company of Turkey Ltd. 0.1%.
Refineries
Tüpraş controls most of Turkey’s refining capacity and owns 57% of the total petroleum products storage capacity; it also has a strong indirect downstream position through its shareholding in Opet.
See also
*
List of companies of Turkey
*
Tüpraş Batman Oil Refinery
*
Tüpraş Izmir Oil Refinery
*
Tüpraş Izmit Oil Refinery
*
Tüpraş Kırıkkale Oil Refinery
Tüpraş Kırıkkale Oil Refinery () is an oil refinery in Kırıkkale, central Turkey. It is owned and operated by Tüpraş, the country's only oil refiner with four refineries.
The refinery is located on the west bank of Kızılırmak River in ...
References
{{DEFAULTSORT:Tupras
Oil and gas companies of Turkey
Petrochemical companies
Companies listed on the Istanbul Stock Exchange
Companies in the BIST 100
Chemical companies established in 1983
Koç family
Turkish companies established in 1983
Economy of Kocaeli Province
Şişli
Turkish brands
Oil refineries in Turkey
Energy companies established in 1983