Tüpraş

Turkey Petrol Refineries S.A.
Native name	Türkiye Petrol Rafinerileri A.Ş.
Type	Anonim Şirket
Traded as	BİST: TUPRS
Industry	Oil & gas
Founded	1983; 43 years ago
Founder	Government of Turkey
Headquarters	Büyükdere Avenue, Zincirlikuyu, Mecidiyeköy, Şişli, Istanbul
Area served	Worldwide
Key people	M. Ömer Koç (Chairman); İbrahim Yelmenoğlu (CEO)
Products	Petroleum, natural gas, petrochemicals, fuel oil, aviation fuels, LPG
Revenue	US$29.91 billion (2022)
Operating income	US$2.48 billion (2022)
Net income	US$2.00 billion (2022)
Total assets	US$11.28 billion (2022)
Total equity	US$3.58 billion (2022)
Owner	Koç family
Number of employees	6,181
Subsidiaries	List DİTAŞ; Üsküdar Tankercilik A.Ş.; Damla Denizcilik A.Ş.; Kadıköy Tankercilik A.Ş.; Beykoz Tankercilik A.Ş.; Sarıyer Tankercilik A.Ş.; Körfez Hava Ulaştırma A.Ş.; Opet; THY Opet Havacılık Yakıtları A.Ş.; Opet International Limited; Opet Trade B.V.; Opet Trade Singapore;
Website	https://www.tupras.com.tr/en/default

Türkiye Petrol Rafinerileri A.Ş. is a company in Turkey, operating four refineries with a total capacity to handle an annual 30 million tons of crude.

Introduction

Tüpraş operates four oil refineries, three of which process imported crude. The İzmit refinery in northwestern Turkey and the İzmir refinery at Aliağa on the Aegean coast each have an annual capacity of 11 million tonnes, and both receive crude from global markets via marine tankers. The Kırıkkale refinery in central Turkey, has an annual capacity of 5 million tonnes and processes crude oil that is shipped to the Mediterranean hub at Ceyhan and then transported inland to the refinery through a bespoke pipeline. The fourth facility, the Batman refinery, has an annual capacity of 1.1 million tonnes. It processes domestic crude extracted from numerous small oil fields in southeastern Turkey, which is transported to the facility via an existing pipeline network and road tankers.

Tüpraş also owns a majority stake (79.98%) in the shipping company DİTAŞ and, since 2006, a 40% ownership of petrol retailer Opet.

The company's origins go back to İPRAŞ (İstanbul Petrol Rafinerisi A.Ş.) established by the U.S. Caltex Company (now part of Chevron). In 1983, İPRAŞ and three other publicly owned refineries were brought into state control under the Tüpraş umbrella. Partial privatization started in 1991, when an IPO sold 2.5% of shares to the public; by 2005 a number of secondary issues had taken this up to 49%. In 2005, a consortium of Koç Holding and Shell bid over $4 billion to acquire the 51% interest remaining; this was through a new joint venture company, Enerji Yatırımları A.Ş. The company’s shares were divided among the shareholders as follows: Koç Holding A.Ş. 75%, Aygaz A.Ş. 20%, OPET Petrolcülük A.Ş. 3%, Shell Overseas Investment B.V. 1.9% and the Shell Company of Turkey Ltd. 0.1%.

Refineries

Tüpraş controls most of Turkey’s refining capacity and owns 57% of the total petroleum products storage capacity; it also has a strong indirect downstream position through its shareholding in Opet.

Overview of Tüpraş refineries.^[6]
Characteristic	Batman	Izmir	Izmit	Kırıkkale
Operational	1955	1972	1961	1986
Production capacity (million tonnes/year)	1.1	11.0	11.0	5.0
Storage capacity (million tonnes)	0.253	2.51	3.03	1.41
Personnel	463	1,353	1,923	865
Nelson complexity index	1.83	7.66	14.5	6.32

References

↑ "Key People". TÜPRAŞ. Archived from the original on 2012-05-09. Retrieved 2012-06-25.
↑ "Key People". TÜPRAŞ. Archived from the original on 2012-05-09. Retrieved 2012-06-25.
1 2 3 4 "ANNUAL REPORT 2022" (PDF). TÜPRAŞ. Archived from the original (PDF) on 2014-03-08. Retrieved 2012-06-25.
↑ "Shareholder Structure". TÜPRAŞ. Archived from the original on 2011-05-09. Retrieved 2012-06-25.
1 2 "ANNUAL REPORT 2011" (PDF). TÜPRAŞ. Archived from the original (PDF) on 2014-03-08. Retrieved 2012-06-25.
↑ "Rafineriler" (in Turkish). Tüpraş. Retrieved 2018-01-23.

[1] "Key People". TÜPRAŞ. Archived from the original on 2012-05-09. Retrieved 2012-06-25.

[2] "Key People". TÜPRAŞ. Archived from the original on 2012-05-09. Retrieved 2012-06-25.

[annual_2022-3] 1 2 3 4 "ANNUAL REPORT 2022" (PDF). TÜPRAŞ. Archived from the original (PDF) on 2014-03-08. Retrieved 2012-06-25.

[shareholders-4] "Shareholder Structure". TÜPRAŞ. Archived from the original on 2011-05-09. Retrieved 2012-06-25.

[annual_2011-5] 1 2 "ANNUAL REPORT 2011" (PDF). TÜPRAŞ. Archived from the original (PDF) on 2014-03-08. Retrieved 2012-06-25.

[6] "Rafineriler" (in Turkish). Tüpraş. Retrieved 2018-01-23.

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[6]

v t e Koç family
Parents	Vehbi Koç: 1901–1996 Sadberk Koç: 1908–1973
Children	Semahat Sevim Arsel: 1928 Rahmi Koç: 1930 Sevgi Gönül: 1938–2003 Suna Kıraç: 1941–2020
Grandchildren	Mustafa Koç: 1960–2016 Ömer Koç: 1962 Ali Koç: 1967 İpek Kıraç: 1984
Major companies	Koç Holding Arçelik Aygaz Divan Group Otokar Opet Otosan Tofaş Tüpraş Yapı ve Kredi Bankası
Social and cultural institutions	Vehbi Koç Foundation Koç School Koç University Sadberk Hanım Museum Rahmi M. Koç Museum Çengelhan Rahmi M. Koç Museum Pera Museum Arter Meşher

Introduction

Refineries

See also

References