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.

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.
Methanol ship-to-ship bunkering operation at anchorage in Yokohama. Japan completes first ship-to-ship methanol bunkering at anchorage in Yokohama  

Five-way partnership delivers methanol fuel transfer between vessels at Keihin Port using domestically produced biomethanol.
Anna Cosulich vessel. Cosulich launches first methanol-ready bunker tanker in China  

Anna Cosulich is first of four sister vessels in fleet expansion programme.
Keel-laying ceremony of Natalia Cosulich. Cosulich begins construction of fourth methanol-ready bunker tanker in China  

Steel cutting for Natalia Cosulich marks completion of the group’s new alternative fuel-capable vessel series.
AiP award ceremony for cubic tank concept. Lloyd’s Register grants approval in principle to GTT’s CUBIQ LNG fuel tank design  

Classification society approves CUBIQ system designed to expand membrane-type LNG fuel tanks into commercial shipping.
International Chamber of Shipping nuclear webinar. ICS to host webinar on regulatory framework for nuclear merchant ships  

International Chamber of Shipping event on 26 February will examine regulatory pathways for nuclear vessels.
Cosco Shipping Libra vessel. World’s first full methanol dual-fuel retrofit completes maiden voyage  

Cosco Shipping Libra covered 27,800 nautical miles on a 106-day voyage after main and auxiliary engine conversion.
PetroChina Petroineos Trading logo. PetroChina International seeks bunker trader for Rotterdam as it expands ARA marine fuel operations  

Chinese energy trader aims to boost alternative fuels portfolio and market share in Europe.
MyStar vessel truck-to-ship bunkering. Tallink Group moves towards 100% renewable fuel on Helsinki–Tallinn route  

Megastar and MyStar ferries to run entirely on liquefied biomethane supplied by Elenger.

↑  Back to Top


 Recommended