October 28, 2016 3:21 PM ET

Oil, Gas and Consumable Fuels

Company Overview of OMV Petrol Ofisi AS

Company Overview

OMV Petrol Ofisi Anonim Sirketi, together with its subsidiaries, primarily engages in the supply and marketing of fuel products in Turkey and internationally. It operates through Retail, and Industrial and Commercial segments. The company is involved in the distribution and storage operations; sale of refinery by-products; production and blending of various types of greases, lubricants, and their by—products; establishment of blending and production facilities; and wholesale, retail, import, and export of lubricants. It also offers gasoline products, diesel products, and LPG products, as well as jet, bulk and marine fuels, and liquefied natural gas. It operates 2,140 dealer stations, 1 lubri...

Eski Büyükdere Caddesi No: 33


Istanbul,  34398


989 Employees


90 212 329 15 00


90 212 329 18 88

Key Executives for OMV Petrol Ofisi AS

Chief Executive Officer, Director and Chairwoman of Executive Committee
Age: 65
Chief Financial Officer
Age: 56
Deputy Chief Executive Officer, Refining & Marketing Director and Director
Age: 55
Head of Investor Relations
Fuels Marketing Director
Compensation as of Fiscal Year 2016.

OMV Petrol Ofisi AS Key Developments

OMV Petrol Reportedly Attracts Bids

OMV Petrol Ofisi AS has attracted bids from bidders. OMV Aktiengesellschaft (WBAG:OMV) has got initial bids from Vitol S.A. and Trafigura Group Pte. Ltd. for OMV Petrol, people with knowledge of the matter said. Opet Petrolculuk A.S., the State Oil Company of the Azerbaijan Republic and private equity firms are also among the companies that made offers, said the people, who asked not to be identified because the process isn’t public. BP p.l.c. (LSE:BP.) and Saudi Arabian Oil Company are also weighing bids, the people said. No final decision on bids has been made. The sale could fetch $1.2 billion, two of the people said. Bloomberg added that a spokesman for OMV said the process to sell Petrol Ofisi is under way, declining to comment further. Representatives for Opet, Socar, BP, Trafigura and Vitol declined to comment. Representatives for Aramco didn’t immediately respond to requests comment. OMV shares rose 0.9% to €26.49.

SOCAR Interested In Buying Gas Stations In Turkey

State Oil Company of the Azerbaijan Republic (SOCAR) is interested in buying one of the largest filling stations in Turkey owned by OMV Petrol Ofisi AS, as per a statement made by Rovnag Abdullayev, President of SOCAR to Trend News Agency. "However, everything depends on the fact how favorable the conditions of this deal will be. Our experts are working on this issue," said Rovnag Abdullayev.

OMV To Sell Petrol Ofisi

OMV Aktiengesellschaft (WBAG:OMV) is seeking to sell OMV Petrol Ofisi AS. OMV AG is in talks with Morgan Stanley to help manage the sale of Petrol Ofisi, three people with knowledge of the matter said. Investors from Azerbaijan, China and Japan could show interest in the business, two of the people said. State Oil Company of Azerbaijan, or Socar, could be one of the suitors, three of the people said. OMV and Morgan Stanley declined to comment.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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