Turcas Petrol
Turcas Overview
Turcas is a holding company that hold leading positions in their respective business areas.
Turcas, with its sustainable performance and numerous successful partnerships in the
Turkish energy sector it has a global institutional culture. Turcas is one of the rare
integrated energy companies in Turkey .Turcas operates in the fields of fuel distribution,
oil refining, power generation & trading, and import & wholesale of natural gas in energy
markets.
History
1931
Türkpetrol Ltd. was founded.
1953
Agreement signed with Castrol for cooperation in Lubricants production and sales.
1962
Marmara Petroleum’s 5% participation, Ataş Anadolu Refining, commenced operations.
2005
Conoco’s shares in Turcas Petrol were acquired by Aksoy Holding.
2006
SOCAR & Turcas Energy (STEAŞ) was founded as a joint venture company , with the
target of becoming a leading oil and gas player in the region.
Fuel Distribution
Turcas’ current net asset value is composed of the shares owned in Shell & Turcas Petrol
(STAŞ). In 2005, a Joint Venture Agreement was signed with The Shell Company of
Turkey for retail and commercial sales, and marketing and distribution of petroleum
products and lubricants, and STAŞ was founded.
Turcas has been conducting fuel distribution, marketing, industrial and commercial sales,
and lubricants activities through STAŞ.. Apart from being a leader in the Turkish fuel
distribution market, with a network of nation-wide Shell branded fuel stations and related
business units. STAŞ is one of the largest enterprises in the Turkish economy.
Refining
STEAŞ has focused on becoming an integrated oil/energy company in the fields of
refining, petrochemicals, and natural gas. STEAŞ founded SOCAR & Turcas
Petrochemicals as a fully owned subsidiary for the ownership of PETKİM.
Turcas Petrol transferred its 25% shareholding in STEAŞ to SOCAR.
As a result of these operations, Turcas Petrol no longer holds any direct or indirect
shareholding in STEAŞ or Petkim Petrochemicals, but maintains minor shareholding in the
SOCAR & Turcas Aegean Refinery Investment .the investment will have an annual
refining capacity of 10 million tonnes. The vertical integration and synergy that will be
created between the current fuel retail operations of Turcas and the new refinery invesment
will support the Turcas’ strategy of creating long-term value.
Generation
Turcas Power Generation signed a Joint Venture Agreement in 2009 with RWE, to
construct two large-scale power plants one based on natural gas and the other based on
imported coal . Within the scope of this agreement, two joint venture companies, namely
RWE & Turcas South Power Generation and RWE & Turcas North Power Generation,
were founded, in which Turcas subsidiaries own a 30% stake while RWE subsidiaries own
