BAKU, Azerbaijan, June 29
By Leman Zeynalova – Trend:
SHELL & TURCAS PETROL A.S. imported 63,511 tons of diesel in April 2020, as compared to 191,048 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 191,966 tons, including 23,335 tons of gasoline, 168,579 tons of diesel, 49 tons of fuel oil and 1.9 tons of kerosene in April 2020.
As for April 2019, SHELL & TURCAS PETROL A.S. sold a total of 332,655 tons of petroleum products in Turkey’s domestic market, including 47,400 tons of gasoline, 284,923 tons of diesel and 331 tons of fuel oil.
The company sold a total of 1.090 million tons of petroleum products in Turkey’s domestic market from January through April 2020, including 160,596 tons of gasoline, 928,275 tons of diesel, 1,536 tons of fuel oil and 54 tons of kerosene.
This is while during the period from January through April 2019, the company’s sales of petroleum products in Turkish market stood at 1.227 million tons, including 176,624 tons of gasoline, 1.048 million tons of diesel, 1,981 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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