Petrol Ofisi

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OMV Petrol Ofisi A.Ş.
Anonim şirket
Traded as BİST: PTOFS
Industry Oil and gas
Founded 1941 (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 Increase Turkish lira symbol 8x10px.png 19.548 billion (2011)[1]
Increase Turkish lira symbol 8x10px.png 287 million (2011)[1]
Increase Turkish lira symbol 8x10px.png 201 million (2011)[1]
Total assets Increase Turkish lira symbol 8x10px.png 4.642 billion (2011)[1]
Total equity Increase Turkish lira symbol 8x10px.png 577 million (2011)[1]
Number of employees
1,020[1]
Parent OMV[1]
Subsidiaries
Website poas.com.tr

OMV Petrol Ofisi A.Ş. is a Turkish fuel products distribution and lubricants company. It is owned by Austria's OMV.

Petrol Ofisi had 3000 fuel stations in 2010,[2] 10 fuel terminals, 2 LPG terminals, 31 air-supply units, 1 lubricant oil plant, 1,200 employees and a marketing network. Its product range covers unleaded gasoline, Diesel fuel, kerosene, fuel oil, jet fuel, liquefied petroleum gas (LPG), lubricants and various industrial oils.

PO sponsors sports such as car racing (GP2), rallying, offshore speedboat racing, karting and mountaineering of Mt. Everest for Turkish sportspeople. From 2006 to 2008, PO has also been the title sponsor of the Formula One "Petrol Ofisi Turkish Grand Prix".

History[edit]

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%.[3] The transaction remained subject to approval by relevant authorities until December 22, 2010 when it was completed.[4]

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