Tüpraş, holds 79.98% of Ditaş shares
The company came into activity in Istanbul on 16.03.1974. İpraş’s 29% share in Ditaş was transferred to Tüpraş in 1983; Tüpraş purchased Ditaş’s 50.98% share of the Directorate of Privatization Administration in October 2002 and obtained a total of 79.98% share in Ditaş and thus Ditaş became a subsidiary of Tüpraş. Ditaş entered a process of restructuring and growth after 2006. Within the framework of this process, 15 companies were established, with 100% of the capital belonging to Ditaş.
Ditaş carries out crude oil transportation in line with the needs of Tüpraş, and carries out the transportation of petroleum products by taking the needs of Tüpraş and other suppliers into consideration.Ditaş carries out these services with its own tankers as well as tankers leased on a time and expedition basis.
Providing operational and cost advantages to Tüpraş with more than 45 years of experience, Ditaş transported 9.3 million tons of crude oil and 5.9 million tons of petroleum products in 2020, with 91.0% of crude oil shipments and 69.6% of petroleum product shipments during the year carried out to meet the needs of Tüpraş refineries. In 2020, Ditaş also provided product transportation services for THY Opet (8.4% of all operations) and other distribution companies (22.0% of all operations). The Company provides shipping line operations, brokerage/ship leasing, guidance, tug operations, inspection and agency services.
1 Crude Oil Product Tanker
10 Product Tanker
Tüpraş holds 40% of Opet’s shares
The Company operates in the fuel distribution sector via retail sales, commercial and industrial fuel sales, storage and international product trade. With more than 900 employees, 1,766 stations including the Sunpet brand and 1.1 million m3 of storage capacity, Opet manages an extensive service network throughout Turkey with 5 terminals and provides high-quality products and services to its customers.
Opet manufactures and markets mineral oil through its subsidiary Opet-Fuchs, a 50-50% partnership with the German mineral oil company, Fuchs. It also supplies and sells jet fuel via THY‑Opet, a 50‑50% partnership with Turkish Airlines. Opet maintained its number 2 position in 2020. Opet achieved sales growth in line with the market during 2020 thanks to its well-established dealer network.
The Company ranks second with a 19.4% market share in white products and 26.27% in black products. The Company became the market leader in the retail sector on a monthly basis in July and October.
Tüpraş holds 100% of Körfez Ulaştırma A.Ş. shares
Providing flexibility and convenience to Tüpraş with its growing fleet, Körfez Ulaştırma is Turkey’s first private railway operator. Wholly owned by Tüpraş, Körfez Ulaştırma A.Ş. was established in 2009.
As a rail operator (RTO), Körfez Ulaştırma carried out fuel transportation between the Kırıkkale and Izmit refineries with one train from each refinery on a daily basis with a total of five locomotives which it leased from the TCDD (Turkish State Railways) between 2017 and July 2019. With the addition of five new diesel locomotives to the fleet, Körfez Ulaştırma started to transport fuel between the Kırıkkale and Izmit refineries from July 2019 with two daily trains from each refinery.
In 2020, the company raised the number of delivery runs on the Kırıkkale-Batman and the Kırıkkale-Mersin lines, where it carried out trial runs in 2019. In 2020, Körfez Ulaştırma used 439 rail wagons, which were purchased from Tüpraş in 2019, and 26 rail wagons, which were purchased from Opet in 2020, as well as rail wagons with tanks ranging in number from 100-150, which it rented from TCDD under a long-term agreement.
Tüpraş, holds 100% of Trading Ltd. shares
The London Trade Office, which started its operations as a branch in 2018, became a limited company 100% owned by Tüpraş at the end of 2020, with the title of Tupras Trading Ltd. The main objective of Tupras Trading Ltd is to create additional added value from the market opportunities which come with staking a presence in one of the most important Centers in Europe’s oil trade, and to raise Tüpraş’s commercial competencies to a higher level.
Tupras Trading Ltd started its commercial activities in 2019 by exporting gasoline and fuel oil products on behalf of Tüpraş. The first fuel oil trade was realized in March 2019 and the first gasoline trade was realized in June 2019. As the company became active, a one-to-one negotiation method started to be applied, in addition to the tender method. Additional benefits were provided from the supply chain with freight optimization and commercial optionality by changing imports to a predominantly FOB basis, with exports predominantly taking place on a CIF basis.
In 2020, Tupras Trading Ltd. exported a total of 64 cargoes and 2.3 million tons of fuel oil and gasoline/reformate, and realized a total of 56 cargoes and 1.8 million tons of imports in order to meet the fuel and intermediate product needs of the Tüpraş refineries.