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Vitol Turkish unit buys BP’s gas station network

By Pramod Kumar
Petrol Ofisi’s network will operate 2,700 service stations across Turkey once the deal is completed Petrol Ofisi
Petrol Ofisi’s network will operate 2,700 service stations across Turkey once the deal is completed

The Turkish subsidiary of Vitol, the world’s largest independent oil trader, has signed an agreement to buy BP Plc’s gas station operations in Turkey.

The agreement includes the sale of BP Turkey Refining Limited and BP Petrolleri AS to Turkish oil distribution company Petrol Ofisi Group. The value of the deal was not disclosed.

On completion, Petrol Ofisi’s network will reach 2,700 service stations across Turkey.

A network of 770 BP-branded retail sites will be rebranded under Petrol Ofisi following the deal’s completion.

Petrol Ofisi currently has over 1,900 gas stations across 81 provinces and 700 districts, according to the company website.

The deal is expected to close in 2024, subject to regulatory approvals.

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