Petrol Ofisi

It was established on February 18, 1941 as a state owned company to import, stock, refine and distribute petroleum products. 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.

PO has 3,300 service stations, around 5,000 dealers, 2 lubricants blending plants, 12 terminals, 32 airport supply units, 1,600 personnel and a nationwide marketing network. Its product range covers unleaded gasoline, Diesel fuel, kerosene, fuel oil, jet fuel, liquified petroleum gas (LPG), lubricants and various industrial oils.

PO sponsors extraordinary sports disciplines like car racing (GP2), rallying, offshore speedboat racing, karting and mountaineering of Mt. Everest for Turkish sportspeople. Since 2006, PO has also been the title sponsor of the Formula One "Petrol Ofisi Turkish Grand Prix".

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Category:Companies established in 1941 Category:Chemical companies of Turkey Category:Oil and gas companies of Turkey Category:Automotive fuel brands Category:Companies listed on the Istanbul Stock Exchange Category:Companies based in Istanbul