There has been an important development in Turkey’s fuel industry. Petrol Ofisi Group, bp’s Türkiye incorporated its operations. With this acquisition, BP’s fuel stations, terminals and shares in BP Petrolleri AŞ and BP Turkey Refining Limited companies in Turkey passed to Petrol Ofisi.
BP shares in Ataş, Çekisan and Ambarlı joint venture terminals were also part of the transfer process. The agreement became official following the share purchase agreement signed on November 14, 2023 and the approval of the Competition Authority on September 12.
Making a statement on the subject, Petrol Ofisi Group CEO Mehmet Abbasoğlu said that this merger will contribute to Turkey’s energy transformation goals. He also emphasized that a new era has begun in the industry. Abbasoğlu stated that they will accelerate development-oriented investments by combining the experiences of the two institutions.
“We are very happy to welcome the new century of our Republic with a transaction that will serve as a reference for the sector and serve Turkey’s goals in the energy transition. We have access to a unique ecosystem where the total experience is approaching two centuries. With this awareness and responsibility, we will continue to make investments for sustainable development without slowing down..”
With this period, the future of the BP brand in Turkey became a matter of curiosity. Although it is not yet clear what the new name of the stations will be, it is seen as a strong possibility that they will be gathered under the Petrol Ofisi brand.
Petrol Ofisi operates under the Dutch Vitol Group and is one of Turkey’s leading fuel distribution companies.
Source link: https://shiftdelete.net/bp-turkiye-cekildi
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