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.
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]
^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)
March 03, 2023
petrol, ofisi, fuel, products, distribution, lubricants, company, turkey, owned, dutch, vitol, group, vitol, completed, acquisition, from, june, 2017, typeanonim, şirkettraded, asbist, ptofsindustryoil, gasfounded1941, years, 1941, foundergovernment, turkeyhea. Petrol Ofisi A S 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 A S TypeAnonim SirketTraded asBIST PTOFSIndustryOil and gasFounded1941 82 years ago 1941 FounderGovernment of TurkeyHeadquartersUnalan IstanbulArea servedTurkeyKey peopleMehmet Abbasoglu CEO 1 ProductsPetroleum natural gas lubricantsServicesService stationsRevenue 19 548 billion 2011 2 Operating income 287 million 2011 2 Net income 201 million 2011 2 Total assets 4 642 billion 2011 2 Total equity 577 million 2011 2 Number of employees1 020 2 ParentVitolSubsidiariesList Erk PetrolMarmara DepoculukPO Gaz IletimPO GeorgiaPO Akdeniz RafinerisiPO Arama UretimMaximaWebsitepetrolofisi com trPetrol Ofisi had 1900 fuel stations in 2022 in Turkey 4 Contents 1 History 2 See also 3 References 4 External linksHistory EditIt 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 Dogan 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 Dogan Group decreased from 86 7 to 52 7 On October 22 2010 OMV announced that it will buy 54 17 shares from the Dogan 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 Edit Turkey portal Energy portal Companies portalEnerco EnergyReferences Edit 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 S 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 yag urunlerinin Turkiye deki ilk uretimine basladi Gazete Banka p https gazetebanka com Retrieved 22 November 2021 External links EditOfficial Petrol Ofisi website in Turkish Retrieved from https en wikipedia org w index php title Petrol Ofisi amp oldid 1130345402, wikipedia, wiki, book, books, library,
