Petrol Ofisi

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 A.Ş.
Anonim Şirket
Traded asBİST: PTOFS
IndustryOil and gas
Founded1941 (1941)
FounderGovernment of Turkey
HeadquartersMaslak, Istanbul
Area served
Turkey & Georgia
Key people
Selim Şiper (CEO)[1][2]
ProductsPetroleum, natural gas, lubricants
ServicesService stations
Revenue ₺ 19.548 billion (2011)[1]
₺ 287 million (2011)[1]
₺ 201 million (2011)[1]
Total assets ₺ 4.642 billion (2011)[1]
Total equity ₺ 577 million (2011)[1]
Number of employees
1,020[1]
ParentVitol
Subsidiaries
Websitepetrolofisi.com.tr

Petrol Ofisi has 1700+ fuel stations in 2020 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.

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]

See also

References
  1. "ANNUAL REPORT 2011" (PDF). OMV Petrol Ofisi A.Ş. Retrieved 30 June 2012.
  2. https://www.sozcu.com.tr/2017/ekonomi/petrol-ofisinde-selim-siper-donemi-basladi-2051258/
  3. https://www.vitol.com/working-with-us/our-companies/petrol-ofisi/
  4. https://www.vitol.com/working-with-us/our-companies/petrol-ofisi/
  5. Press release from omv.com, October 22, 2010
  6. Press release from petrom.com, December 22, 2010
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