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SHELL & TURCAS PETROL A.S. boosts petroleum products’ sales in Turkey

Oil&Gas Materials 29 January 2021 13:50
SHELL & TURCAS PETROL A.S. boosts petroleum products’ sales in Turkey

BAKU, Azerbaijan, Jan.29

By Leman Zeynalova – Trend:

SHELL & TURCAS PETROL A.S. imported 135,058 tons of diesel in November 2020, as compared to 180,188 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 341,035 tons, including 49,926 tons of gasoline, 290,383 tons of diesel and 724 tons of fuel oil in November 2020.

As for November 2019, SHELL & TURCAS PETROL A.S. sold a total of 328,355 tons of petroleum products in Turkey’s domestic market, including 48,564 tons of gasoline, 279,372 tons of diesel, 406 tons of fuel oil and 11 tons of kersosene.

The company sold a total of 3.481 million tons of petroleum products in Turkey’s domestic market from January through November 2020, including 537,735 tons of gasoline, 2.939 million tons of diesel, 4,457 tons of fuel oil and 103 tons of kerosene.

This is while during the period from January through November 2019, the company’s sales of petroleum products in Turkish market stood at 3.687 million tons, including 549,004 tons of gasoline, 3.134 million tons of diesel, 3,975 tons of fuel oil and 77 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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