BAKU, Azerbaijan, Jan.5
By Leman Zeynalova – Trend:
SHELL & TURCAS PETROL A.S. imported 142,142 tons of diesel in October 2020, as compared to 169,261 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 369,585 tons, including 53,783 tons of gasoline, 314,533 tons of diesel, 1,266 tons of fuel oil and 1,6 tons of kersosene in October 2020.
As for October 2019, SHELL & TURCAS PETROL A.S. sold a total of 347,167 tons of petroleum products in Turkey’s domestic market, including 49,882 tons of gasoline, 296,980 tons of diesel, 301 tons of fuel oil and 1,7 tons of kersosene.
The company sold a total of 3.140 million tons of petroleum products in Turkey’s domestic market from January through October 2020, including 487,808 tons of gasoline, 2.649 million tons of diesel, 3,732 tons of fuel oil and 103 tons of kerosene.
This is while during the period from January through October 2019, the company’s sales of petroleum products in Turkish market stood at 3.358 million tons, including 500,440 tons of gasoline, 2.854 million tons of diesel, 3,569 tons of fuel oil and 65 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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