Sign up
Log in Sign up
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.

Jeroen De Vos, Peninsula. Peninsula lauds appointment of Jeroen De Vos as IBIA vice chair  

De Vos has served on the bunker industry association’s board of directors since 2023.
Anemoi and CHI framework agreement signing. Anemoi and Cosco Shipping Heavy Industry renew rotor sail framework agreement  

Expanded partnership offers turnkey wind propulsion installation services across CHI’s Chinese shipyard network.
Maersk vessel render. Maersk orders eight 18,600-teu dual-fuel vessels for 2029-2030 delivery  

A.P. Moller-Maersk signs shipbuilding agreement with New Times Shipbuilding in China.
Yara Eyde vessel render. Oslo Port launches weekly container service ahead of ammonia-powered vessel deployment  

North Sea Container Line starts route with conventional ship before introducing Yara Eyde later in 2026.
Officials during a ribbon-cutting ceremony at Stena Line. Stena Line completes acquisition of Wasaline ferry operator  

Swedish ferry company takes over Umeå–Vaasa route operator, adding biogas-powered vessel to its network.
Attendees during a Maritime CleanTech seminar in Bergen. Ammonia bunkering moves from pilots to structured implementation, Norway seminar hears  

H2SITE says Norway is advancing with Enova-backed initiatives, and the first dedicated bunkering vessels are expected from 2027.
Aerial photograph of Zhoushan Island. China approves Zhoushan Port FTZ expansion to boost commodity trading  

Expansion adds 0.98 sq km, bringing total zone area to 6.12 sq km.
Graphic with photographs of IBIA's four elected board members for 2026. IBIA elects four board members for three-year terms  

Beumer, Campanella, Chung and Draffin join the board from 1 April 2026.
Iceberg floating in Arctic waters. IMO members urged to back mandatory Arctic fuel standards to cut black carbon emissions  

Clean Arctic Alliance calls for polar fuel measure requiring cleaner fuels in Arctic waters.
AET’s hybrid electric vessel render. AET adds hybrid-electric shuttle tanker to fleet with dual-fuel capability  

Tanker operator brings first hybrid-electric DPST into service on long-term charter with lower-emissions technology.




 Recommended