Type Anonim şirket Industry Oil and gas Area served Turkey & Georgia Headquarters Istanbul, Turkey | Traded as BİST: PTOFS Founder Government of Turkey Founded 1941 | |
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Key people Gerhard Roiss (Chairman)
Gülsüm Azeri (CEO) CEO Gulsum Azeri (1 Jul 2011–) Parent organizations OMV, OMV Petrol Ofisi Holding Anonim Sirketi Subsidiaries Erk Petrol Yatirimlari A.S. | ||
OMV Petrol Ofisi A.Ş. is a Turkish fuel products distribution and lubricants company. It is owned by Austria's OMV.
Petrol Ofisi had 3000 fuel stations in 2010, 10 fuel terminals, 2 LPG terminals, 31 air-supply units, 1 lubricant oil plant, 1,200 employees and a marketing network. Its product range covers unleaded gasoline, Diesel fuel, kerosene, fuel oil, jet fuel, liquefied petroleum gas (LPG), lubricants and various industrial oils.
PO sponsors sports such as car racing (GP2), rallying, offshore speedboat racing, karting and mountaineering of Mt. Everest for Turkish sportspeople. From 2006 to 2008, PO has also been the title sponsor of the Formula One "Petrol Ofisi Turkish Grand Prix".
History
It was established on February 18, 1941 as a state owned company to import, stock, refine and distribute petroleum products. It became a joint stock company in 1983.
On July 24, 2000, the company was privatized, and initially 51% of the shares were purchased by Doğan Holding. On March 13, 2006, the Austrian petroleum company OMV bought 34% of the stake for US$1.054 billion. After this stock exchange, the share of Doğan Group decreased from 86.7% to 52.7%. On October 22, 2010 OMV announced that it will buy 54.17% shares from the Doğan Holding for the sum of EUR 1 Billion, setting its total stake in the company to 95.75%. The transaction remained subject to approval by relevant authorities until December 22, 2010 when it was completed.