Tupras
| Türkiye Petrol Rafinerileri A.Ş.
|
|
|---|---|
 |
|
| legal form | A.Ş. ( Public Company (Turkey) ) |
| ISIN | TRATUPRS91E8 |
| founding | 1983 |
| Seat |
Korfez , Turkey
|
| Number of employees | 5,131 (2015) |
| sales | TRY 88,552 million (2018) |
| Branch | Oil and gas |
| Website | https://www.tupras.com.tr/ |
Türkiye Petrol Rafinerileri A.Ş. is a Turkish company that operates oil refineries . The company is part of the ISE 100 stock exchange index of Borsa Istanbul . The main shareholder of the former state-owned company is Koç Holding .
Tüpraş operates four oil refineries, three of which process imported crude oil. The Izmit refinery in Izmit in northwestern Turkey and the Izmir refinery in Aliaga on the Aegean Sea annually process crude oil that is delivered by tanker from the world markets, while the Kirikkale refinery in Kırıkkale in central Turkey processes crude oil that is sent to the Turkish oil center Ceyhan im Mediterranean region and transported to the refinery via a bespoke pipeline.
history
The company's origins go back to İPRAŞ (İstanbul Petrol Rafinerisi A.Ş.), which was founded by the American Caltex Company (now part of Chevron ). In 1983, İPRAŞ and three other public refineries were nationalized under the Tüpraş umbrella. Partial privatization began in 1991 when 2.5% of the shares were sold to the public as part of an IPO. By 2005 this rate had been increased to 49% through a series of secondary issues. In 2005, a consortium of Koç Holding and Royal Dutch Shell paid over $ 4 billion to acquire the remaining 51% of the shares.
Individual evidence
- ↑ Tüpraş | Koç Holding. Retrieved January 24, 2020 .
- ↑ Milestones - Tüpraş. Retrieved January 24, 2020 .