| Petrol Ofisi A.Ş. | |
| Type: | Anonim Şirket |
| Founder: | Government of Turkey |
| Location: | Ünalan, Istanbul |
| Area Served: | Turkey |
| Key People: | Mehmet Abbasoğlu (CEO)[1] |
| Industry: | Oil and gas |
| Products: | Petroleum, natural gas, lubricants |
| Services: | Service stations |
| Revenue: | 19.548 billion (2011)[2] |
| Operating Income: | 287 million (2011) |
| Net Income: | 201 million (2011) |
| Assets: | 4.642 billion (2011) |
| Equity: | 577 million (2011) |
| Num Employees: | 1,020 |
| Parent: | Vitol |
| Homepage: | 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.
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]