TURKEY - The Local Distributors.
Publication: APS Review Downstream Trends
Date: Monday, April 28 2008
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The Turkish market for fuels and lubricants is deregulated. Apart from POAS' system which has two lubricant blending plants, the big retailers in this country are foreign companies led by BP. The others are ExxonMobil, Total, Agip and ConocoPhillips. Conoco came into the Turkish oil market after its purchase of the local distributor Tabas. Statoil, in a JV with Koc's 41% affiliate Aygaz which has a 39% share of Turkey's LPG market, is to become a major player in the country's gas business. Statoil has a stake in the Shah Deniz field in Azerbaijan which supplies gas to Turkey.
Total in the late 1980s bought 51% in the private fuel distribution firm UPET and renamed it Total Oil Turkiye (TOT). In September 1991 Total got 50% in Turkey's fourth-biggest LPG distributor, Tupgaz, and in gas bottle manufacturer Astup. In May 2001 it bought the remaining 49% in TOT from the local group Colakoglu. TOT controls 6% of the market through more than 330 stations. Total's LPG business in Turkey has been consolidated through Totalgaz. In a JV with local distributors Ipragaz and Butangaz (both units of the Dutch LPG giant SHV), Totalgaz had a 25,000 CM pressurised LPG import terminal near Istanbul in operation in January 2002. Now Totalgaz and SHV share the terminal on 50-50 basis, in line with their investment ratio.
In November 1997, a BP/Mobil JV moved into the Turkish LPG market with the acquisition of Brawley Investments operations. The main assets were: LPG sales units Deltagaz and Petgaz, and their filling plants, depots and trucks; the Deltanaft LPG import and distribution terminal at Dortyol on the Mediterranean; and the Del ...