Petrol Ofisi
 | |
| Company type | Anonim şirket |
|---|---|
| Industry | Oil and gas |
| Founded | 1941 |
| Founder | Government of Turkey |
| Headquarters | Maslak, Istanbul |
Area served | Turkey & Georgia |
Key people | Gerhard Roiss (Chairman) Gülsüm Azeri (CEO)[1] |
| Products | Petroleum, natural gas, lubricants |
| Services | Service 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] |
| Parent | OMV (%96,98)[1] |
| Subsidiaries | List
|
| Website | PO.com |
OMV Petrol Ofisi A.Ş. is Turkey's leading fuel products distribution and lubricants company.
It was established on February 18, 1941 as a state owned company to import, stock, refine and distribute petroleum products. 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%.[2] The transaction remained subject to approval by relevant authorities until December 22, 2010 when it was completed.[3]
Having become a joint stock company in 1983 and privatized in 2000, Petrol Ofisi today continues its activities with its 2,500 fuel stations, 10 fuel terminals, 2 LPG terminals, 31 air-supply units, 1 lubricant oil plant, 1,200 employees and widespread marketing network. Its product range covers unleaded gasoline, Diesel fuel, kerosene, fuel oil, jet fuel, liquified petroleum gas (LPG), lubricants and various industrial oils.
PO sponsors sports like car racing (GP2), rallying, offshore speedboat racing, karting and mountaineering of Mt. Everest for Turkish sportspeople. Since 2006, PO has also been the title sponsor of the Formula One "Petrol Ofisi Turkish Grand Prix".
References
- ^ a b c d e f g h "ANNUAL REPORT 2011" (PDF). OMV Petrol Ofisi A.Ş. Retrieved 30 June 2012.
- ^ Press release from omv.com, October 22, 2010
- ^ Press release from petrom.com, December 22, 2010
External links
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