Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Tue 16 Feb 2016, 11:01 GMT

OMV Petrol Ofisi up for sale


Up to 100% of Turkish supplier set to be sold in move aimed at 'optimizing OMV's integrated portfolio in a challenging market environment'.

OMV Group has confirmed that it is to begin the process of selling up to 100 percent of its wholly owned subsidiary OMV Petrol Ofisi A. S., a key player Turkish oil market and a leading supplier of marine fuels.

"OMV is currently selecting its advisors to support the potential transaction and the structuring of the envisaged process. A potential transaction is aimed at optimizing OMV's integrated portfolio in a challenging market environment," the Vienna-headquartered oil and gas company said in a statement.

OMV Petrol Ofisi is a leading player in the Turkish fuel distribution industry. With 1,785 fuel stations, the company operates the largest retail station network in Turkey and is a leading fuels supplier to commercial and industrial customers.

In addition, OMV Petrol Ofisi owns the largest fuel storage and logistics business in Turkey with a total storage capacity in excess of 1 million cubic metres. The company is also the largest distributor of lubricants in Turkey.

In the Turkish bunker market, OMV Petrol Ofisi is estimated to have a market share of around 20 percent, with annual sales of approximately 400,000 metric tonnes.

The company's total sales volume in 2015 amounted to around 10 million tonnes.

Turkey 
Pennsylvania skyline. Sunoco seeks bunker trader in US to drive marine fuels growth  

New hire will be tasked with expanding Sunoco's bunker business in front-line commercial trading role.
Brooklyn Bridge and New York City skyline. Minerva Bunkering recruiting Americas sales manager as it targets regional growth  

New York-based manager is sought to build customer base across North and South America.
Marine battery container. AYK Energy to unveil swappable containerised marine battery system at SMM Hamburg  

The system claims to remove key cost and engineering barriers to marine electrification.
Birjo II vessel. Dutch inland barge Birjo II runs on B100 biodiesel after fossil-fuel conversion  

Sunoil and BFT Tanker Logistics report positive early results from switch to pure biodiesel.
Maran Myrsini vessel. Maran Tankers takes delivery of fourth dual-fuel Suezmax tanker in series  

Maran Myrsini, built by New Times Shipbuilding, joins Maran Tankers' growing dual-fuel fleet.
Marine Tina ship-to-ship (STS) bunkering operation Vitol and Olam Agri claim world’s first co-processed CNSL VLSFO bio-bunkering operation in Singapore  

Cashew nutshell liquid co-processed with VLSFO used on a voyage spanning China, Europe and Brazil.
Forvikbuen vessel. Damen Folla hands over hybrid-electric aquaculture vessel, concluding multi-year deal  

Shipbuilder completes seven-vessel framework agreement with final workboat delivery to Mowi Norway
Verde Marine Energy and Sunoco LP logos. Sunoco and Verde Marine Energy announce commercial collaboration in ARA and UK bunker markets  

Partnership aims to combine Sunoco's Americas reach with Verde's Northern European supply platform.
CMA CGM Berenice vessel. CMA CGM methanol dual-fuel vessel makes first call at Malta Freeport  

Berenice is fifth in a six-ship series of methanol dual-fuel vessels being introduced by the French shipping group.
Everllence 16V175D engine render. Everllence's 175D engine wins offshore tug order from Türkiye  

Sixteen gensets are bound for four Rampage 6000-DE terminal tugs destined for Guyana.

↑  Back to Top


 Recommended