SHELL & TURCAS PETROL increases sales of petroleum products
BAKU, Azerbaijan, May 31
By Leman Zeynalova – Trend:
SHELL & TURCAS PETROL A.S. imported 150,037 tons of diesel in March 2020, as compared to 180,437 tons in the same period of 2019, Trend reports citing Turkey’s Energy Market Regulatory Authority (EPDK).
The company’s domestic sales of petroleum products in Turkey totaled 293,939 tons, including 44,670 tons of gasoline, 248,645 tons of diesel, 593 tons of fuel oil and 30 tons of kerosene in March 2020.
As for March 2019, SHELL & TURCAS PETROL A.S. sold a total of 320,619 tons of petroleum products in Turkey’s domestic market, including 46,308 tons of gasoline, 273,766 tons of diesel, 526 tons of fuel oil and 17 tons of kerosene.
The company sold a total of 898,495 tons of petroleum products in Turkey’s domestic market from January through March 2020, including 137,260 tons of gasoline, 759,696 tons of diesel, 1,486 tons of fuel oil and 52 tons of kerosene.
This is while during the period from January through March 2019, the company’s sales of petroleum products in Turkish market stood at 894,525 tons, including 129,223 tons of gasoline, 763,635 tons of diesel, 1,649 tons of fuel oil and 17 tons of kerosene.
Turcas signed a Joint Venture Agreement with The Shell Company of Turkey Ltd. (Shell Turkey) in 2005 for retail and commercial sales, marketing and distribution of fuel products and lubricants. Shell & Turcas Petrol A.Ş. (STAŞ), in which Turcas has a 30 percent stake, commenced operation on July 1, 2006 pursuant to this agreement.
Boasting a network of more than 1,000 fuel stations across Turkey and generating TL 39.3 billion in revenue in 2019, Shell & Turcas is a sector leader and one of the largest companies in Turkey.
Shell & Turcas maintains its leadership in direct fuel sales from fuel stations with a market share of 18.7 percent. The Company also continues to lead the sector in fleet sales with a 27.8 percent market share. While sustaining a strong position in the fuel market, the company’s profitability per station is 2.5 times above the industry average.
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