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OMV Turkey divestment plan: Is price regulation compromising market attractiveness?


OMV Turkey divestment plan: Is price regulation compromising market attractiveness?

Report summary

In February, OMV announced its intention to sell Petrol Ofisi - its market-leading wholesale and retail fuel unit in Turkey. This follows Total's exit from the same market less than six months prior. Total and OMV are part of a larger group of integrated oil companies questioning their non-integrated downstream positions and progressive downscaling and stream-lining their operations across the region. But in the case of Turkey specifically, there is an additional element to consider: fuel price caps imposed by Turkish authorities. The announcements by OMV and Total have raised questions around how Turkey's regulated fuel prices compared to their unregulated regional European neighbours and the sustainability of this practice.

What's included?

This report includes 1 file(s)

  • OMV Turkey divestment plan: Is price regulation compromising market attractiveness? PDF - 332.92 KB 3 Pages, 0 Tables, 4 Figures

Description

This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Introduction
  • Fuel price trends and regulation

In this report there are 4 tables or charts, including:

  • Introduction
    • Turkey and neighbouring countries: Refinery infrastructure and total service stations numbers
  • Fuel price trends and regulation
    • Total gasoline pump prices 2014-2015*
    • Retail margins 2014-2015*
    • Changes in pre-tax pump prices* (Jul 2014 - Dec 2015)
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