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

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.

LNG facility at Vestbase in Kristiansund. Molgas and NorSea Logistics reopen LNG facility in Kristiansund  

The reopened facility will supply LNG and bio-LNG to dual-fuel vessels operating in Norwegian waters.
Uyeno Transtech’s oil tanker Kikou Maru. Hydrogen-fuelled tanker achieves top rating in zero-emission programme  

Kikou Maru becomes first coastal vessel to secure financing under DBJ-ClassNK decarbonisation initiative.
TFG Marine participates in ARACON 2025 conference in Rotterdam. TFG Marine calls for ISO 22192 alignment in ARA MFM rollout  

Company urges consistency as Rotterdam and Antwerp prepare mass flow meter implementation.
Singapore skyline with Merlion and central business district. Peninsula renews $400m Singapore credit facility as part of $1.5bn funding capacity  

Bunker supplier extends banking arrangement with eight-bank syndicate, including accordion option.
Elenger Marine's LNG bunkering vessel Optimus alongside Brittany Ferries’ Saint-Malo. Titan delivers first liquefied biomethane to Saint-Malo ferry in Portsmouth  

Optimus tanker supplies Brittany Ferries' vessel with biomethane at UK port.
MOL participates in Ammonia Energy Association Annual Conference 2025. MOL outlines ammonia fuel strategy at Houston conference  

Japanese shipping company discusses terminal acquisition and dual-fuel vessel plans at industry gathering.
Gasum's LNG bunkering vessel Coralius. Gasum highlights how bio-LNG fleet generates compliance surplus  

Energy firm's four gas-powered vessels generate regulatory surplus for pooling service participants.
Monjasa Reformer bunker tanker. Monjasa secures NATO fuel supply contract across five operational areas  

Danish marine fuel supplier wins one-year framework deal with two-year extension option.
Lucia Cosulich keel-laying ceremony. Fratelli Cosulich lays keel for second methanol-ready bunker vessel  

Ceremony held to mark the beginning of the tanker's assembly phase.
GEFO's chemical tanker Gioconda. GEFO bunkers biofuel for first time as Gioconda runs on B100 UCOME  

German shipping company takes maiden step into biofuel bunkering with used cooking oil biodiesel.

↑  Back to Top


 Recommended