BAKU, Azerbaijan, March 9
By Leman Zeynalova – Trend:
SHELL & TURCAS PETROL A.S. imported 124,172 tons of diesel in December 2020, as compared to 142,044 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 38,305 tons of gasoline, 257,443 tons of diesel and 896.7 tons of fuel oil in December 2020.
As for December 2019, SHELL & TURCAS PETROL A.S. sold a total of 321,861 tons of petroleum products in Turkey’s domestic market, including 48,428 tons of gasoline, 273,137 tons of diesel, 283 tons of fuel oil and 11.9 tons of kerosene.
The company sold a total of 3.778 million tons of petroleum products in Turkey’s domestic market from January through December 2020, including 576,040 tons of gasoline, 3.196 million tons of diesel, 5,354 tons of fuel oil and 103.8 tons of kerosene.
This is while during the period from January through December 2019, the company’s sales of petroleum products in Turkish market stood at 4.009 million tons, including 597,433 tons of gasoline, 3.407 million tons of diesel, 4,259 tons of fuel oil and 89.5 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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