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SHELL & TURCAS PETROL reduces sales of petroleum products

Oil&Gas Materials 3 August 2020 14:03 (UTC +04:00)
SHELL & TURCAS PETROL reduces sales of petroleum products

BAKU, Azerbaijan, Aug.3

By Leman Zeynalova – Trend:

SHELL & TURCAS PETROL A.S. imported 110,769 tons of diesel in May 2020, as compared to 205,343 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 201,441 tons, including 27,452 tons of gasoline, 173,971 tons of diesel and 17 tons of fuel oil in May 2020.

As for May 2019, SHELL & TURCAS PETROL A.S. sold a total of 329,484 tons of petroleum products in Turkey’s domestic market, including 47,485 tons of gasoline, 281,599 tons of diesel and 382 tons of fuel oil.

The company sold a total of 1.291 million tons of petroleum products in Turkey’s domestic market from January through May 2020, including 188,048 tons of gasoline, 1.102 million tons of diesel, 1,553 tons of fuel oil and 54 tons of kerosene.

This is while during the period from January through May 2019, the company’s sales of petroleum products in Turkish market stood at 1.556 million tons, including 224,109 tons of gasoline, 1.330 million tons of diesel, 2,363 tons of fuel oil and 34 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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