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 
Andre M ammonia-fuelled gas carrier. China delivers first domestically built ammonia-fuelled gas carrier  

CCS-classed vessel becomes the world's second ammonia-fuelled gas carrier, testing rules for the IMO's zero-carbon shipping transition.
Nordion Energi liquefied biogas (LBG) facility render. Storage tank installed as Gothenburg's LBG bunkering plant advances towards 2027 completion  

Nordion Energi's liquefied biogas facility at the Port of Gothenburg takes a step forward with tank installation.
Maran Myron vessel. Maran Tankers takes delivery of dual-fuel Suezmax Maran Myron  

Vessel is sixth dual-fuel tanker in eight-vessel series built by New Times Shipbuilding.
Lake Victoria truck-to-ship (TTS) bunkering operation. EPS completes first truck-to-ship LNG bunkering operation in Davisville  

Fuel delivered to the pure car and truck carrier Lake Victoria whilst at berth.
Maritime and Port Authority of Singapore logo. MPA opens applications for LNG floating storage unit licences  

Singapore invites applications for up to two LNG floating storage unit licences to bolster bunkering supply resilience.
Rasmus Frimann Nielsen and Lars Zimmermann, Everllence. Everllence's small-bore GenSet orders surpass 2,000 in 2026  

Engine maker reports strong order intake across its small-bore portfolio, citing demand for reliable, fuel-flexible auxiliary power.
MT Tulip bunker tanker. Bunker One renews MT Tulip charter, plans mass flow meter upgrade in Mauritius  

Bunker One is keeping its bunker tanker in Mauritius while adding flow metering technology to improve delivery transparency.
COP31 panel discussion. Fund for Energy Efficiency Technologies becomes first to adopt revised Singapore-Asia Taxonomy  

FEET's adoption coincides with Lloyd's Register's independent review of GCMD's methodology for quantifying fuel savings from wind-assisted propulsion systems.
Arsenio Dominguez, IMO Secretary-General. IMO chief urges states to enforce safety rules in Strait of Hormuz amid rising attacks  

Arsenio Dominguez says more than 130 attacks on commercial vessels have been verified since February, with at least 25 seafarers killed.
OOCL Wisdom ship-to-ship (STS) bunkering operation at Xiamen Port. Xiamen Port launches 'green methanol bunkering' with OOCL Wisdom  

Boxship received 1,005 tonnes of methanol, corresponding to a reduction of more than 1,600 tonnes in carbon emissions, says COSCO Shipping.

↑  Back to Top


 Recommended