The acquisition includes a network of 770 BP stations. They will all be rebranded to the Petrol Ofisi flag.
Vitol owned Petrol Ofisi has agreed a deal to acquire BP’s gas station operation in Turkey.
Petrol Ofisi will have a network of around 2,700 service stations in Turkey after integrating BP’s 770 sites. The Turkish brand will improve its presence in major cities with a strategic storage and infrastructure network. All BP sites will be rebranded to Petrol Ofisi.
The deal, for an undisclosed sum, includes BP’s shares in BP Turkey Refining Limited and BP Petrolleri.
“We are very excited by this opportunity to build a stronger strategic platform to serve the Turkish market. We look forward to welcoming our new colleagues in due course,” said Mehmet Abbasoğlu, CEO, Petrol Ofisi.
“We are delighted to be working towards building a stronger national champion for Türkiye’s energy sector. With its young population and potential for growth, we believe in Türkiye’s future,” said Chris Bake, Chair, Petrol Ofisi and member of the Vitol executive committee.
Petrol Ofisi is the leader in the fuel products market in Turkey (23%). The company owns the largest retail network of gas stations with 1,700 service stations, the largest fuel storage and logistics company, a leading distributor of lubricants and an aviation fuel supply system into wing at 20 airports in Turkey.