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Turkey’s competitive landscape

Hydrocarbon Engineering,

Domestic companies

Within Turkey’s oil and gas sector, the main companies are upstream operator Trkiye Petrolleri Anonim Ortakl (TPAO), refiner Tupras and distributor Petrol Ofisi. The government currently has full control of TPAO. OMV of Austria has control of distribution company Petorl Ofisi and Tupras has been partly privatised.

TPAO is the largest upstream producer in Turkey and has key properties in the Bati Raman and Dodan fields. TPAO produced three quarters of Turkey’s overall oil output in 2012. It has also recently made a significant gas discovery in the Black Sea.

Tupras owns the Izmit, Izmir, Kirkkale and Batman refineries. Together Tupras has a refining capacity of 564 500 bpd. Petrol Ofisi operates the country’s largest service station network with approximately 2200 retail sites as well as extensive fuel distribution infrastructure.

Overseas investors

When it comes to the upstream sector there are several foreign investors including ExxonMobil and Petrobras, there are also independents such as Pereco, Transatlantic and Aladdin Middle East.

In Turkey, BP has a chain of in excess of 570 retail sites and a 68% share in the ATAS oil storage terminal. The terminal previously served as a refinery in Turkey. The facility also has exposure to lubricants due Castrol operations and some upstream activities.

Shell has operations in Turkey in the shape of approximately 500 service stations as well as refining exposure through Tupras. Shell is a distributor of LPG in Turkey and operates three gas fired power plants. The company has some upstream involvement and is venture partner with TPAO.

The state oil fund of Azerbaijan has invested US$ 475 million in the construction of a refinery in Turkey in Izmir city. The fund is also expected to contribute an additional US$ 300 million this year and US$ 5 billion in the Star facility. Azeri state energy company SOCAR and Turcas Petrol are collaborating to build the Star refinery, which is aimed at reducing dependence in the country on importing refined products. Once complete the plant is anticipated to have a processing capacity of 10 million tpy and come onstream by the end of 2017.

Lukoil of Russia has a presence in the country through its acquisition of Akpet. This has boosted its retail presence to approximately 780 stations.

Edited from report by Claira Lloyd

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