BAKU, Azerbaijan, June 1
By Leman Zeynalova – Trend:
SHELL & TURCAS PETROL A.S. imported 145,355 tons of diesel in March 2021, as compared to 150,037 tons in the same period of 2020, Trend reports citing Turkey’s Energy Market Regulatory Authority (EPDK).
The company’s domestic sales of petroleum products in Turkey totaled 362,087 tons, including 54,798 tons of gasoline, 306,666 tons of diesel, 605.1 tons of fuel oil and 17.9 tons of kerosene in March 2021.
As for March 2020, SHELL & TURCAS PETROL A.S. sold a total of 293,939 tons of petroleum products in Turkey’s domestic market, including 44,670 tons of gasoline, 248,645 tons of diesel, 593.2 tons of fuel oil and 30.4 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 21.9 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.
Follow the author on Twitter: @Lyaman_Zeyn