Commodity market report
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46 Pages

Turkey downstream oil long-term outlook 2016

Turkey downstream oil long-term outlook 2016

Report summary

Turkey's oil products demand remains on a solid upward trajectory and is considered to be the largest growth market in Europe. SOCAR is currently building the only grass roots refinery project in Europe - completion expected in 2018 - which will break the long-held Tupras refining monopoly. The retail landscape changed drastically in 2010 with the introduction of five year service station dealer contracts, with many of these changing brand again in 2015. Despite the country's strong growth prospects, Total announced the sale of its standalone Turkish fuels marketing business in 2015, with OMV also now looking to exit this market as of early 2016. Price caps introduced by regulator EMRA in recent years have raised concerns about the long-term profitability for fuels marketers in Turkey. 

What's included?

This report includes 1 file(s)

  • Turkey downstream oil long-term outlook 2016 PDF - 820.31 KB 46 Pages, 17 Tables, 26 Figures


The long-term outlook for the fuels marketing sector is influenced by many factors: oil product demand, the market structure, key companies and downstream infrastructure developments to name a few.

This long-term outlook report provides a country update of demand trends and an assessment of the key players and assets serving the market.

The report is based on in-depth research about oil product demand, individual market participants and assets and helps downstream operators, traders and financial institutions determine product trading strategies, optimise their assets and identify attractive investment opportunities.

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.

  • Executive summary
    • Market drivers
    • Outlook
  • Demand
    • Gasoline
    • Jet/kerosene
    • Gas/diesel oil
    • Fuel oil
  • Policy and regulation
    • Regulatory issues
    • Product quality
  • Trade
  • Key companies
    • Structure of the oil products market
    • Company positions in Turkey
      • OMV Petrol Ofisi
      • Opet
      • ShellTurcas
      • BP
      • Total
  • Market structure
    • Fuels retailing
      • Volumes
      • Overall network development
      • International oil companies
      • Independent groups
      • Network efficiency
        • Number of sites and average throughputs
      • Performance pacesetters in the retail market
      • Non-fuel retailing
    • Commercial fuels
      • Motor fuels (gasoline/diesel)
      • Industrial/domestic gas oil
      • Aviation kerosene
      • Heavy fuel oil
      • Marine bunkers
      • LPG
        • LPG demand breakdown
      • Lubricants
      • Bitumen
  • Margins
    • Key issues influencing gross fuel margins
    • Key issues retail profitability
    • Marketing gross fuel margins
  • Infrastructure
    • Storage and distribution infrastructure
    • Storage capacity concentration
    • Independent petroleum product storage

In this report there are 43 tables or charts, including:

  • Executive summary
  • Demand
    • Key demand indicators
    • Total demand
    • Annual demand change
    • Demand by product
    • Demand by sector
    • Car parc by fuel type
    • Gas/diesel oil demand by sector
    • Fuel oil demand by sector
    • Demand forecast
  • Policy and regulation
  • Trade
    • Trade balance 2009 - 2015
    • Trade: Table 1
    • Trade: Image 2
    • Trade: Image 3
    • Trade: Table 2
    • Trade: Image 4
    • Trade: Table 3
    • Trade: Image 5
    • Trade: Table 4
  • Key companies
    • All products market shares 2015
  • Market structure
    • Retail fuel volumes
    • Retail outlets by brand
    • Market shares*
    • Market structure: Image 2
    • Network effectiveness ratio: ratio of share of fuel sales to share of sites
    • Jet fuel market shares - 2015
    • Heavy fuel oil market shares - 2015
    • Market structure: Image 6
    • Total LPG market shares - 2015
    • Bottled LPG market shares - 2015
    • Auto-LPG market shares - 2015
  • Margins
    • Gross fuel margin parameters
    • Main products: monthly unit gross margins 2010 - 2015
    • Main products: annual average unit gross margins
  • Infrastructure
    • Infrastructure: Image 1
    • Means of primary distribution
    • Infrastructure: Table 1
    • Independent storage facilities
    • Pipeline capacity and ownership
    • Crude input slate - 2015
    • Izmir refinery profile
    • Batman refinery profile
    • Izmit refinery profile
    • Kirikkale refinery profile
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