Commodity Market Report

Turkey downstream oil long-term outlook

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Despite the country's recent geopolitical risks and devaluation of the Turkish Lira, Turkey's oil products demand remains on a solid upward trajectory and is considered to be the largest growth market in Europe. Government actions to stop the fraudulent use of base oil as diesel has reduced illegal fuel sales. SOCAR's 10Mt/yr Aliaga refinery opened in 2018 - breaking the long-held Tupras refining monopoly. The retail landscape changed drastically in 2010 and 2015 with the introduction of five-year service station dealer contracts. A key feature of the retail market remains the dominance of the DODO operating model. Poor margins have driven some international oil companies to sell their retail fuel businesses.

Table of contents

  • Market drivers
    • Car parc
    • Gasoline
    • Diesel/gas oil
    • Jet/kerosene
  • Regulatory issues
    • Biofuels
    • Electromobility
    • Retail fuel volumes
    • Overall network development
    • Network efficiency
    • Major players: competitive position
    • Major players: strategies
    • Petrol Ofisi (Vitol)
    • Shell Turcas (STAS)
    • BP
    • Total/M-Oil (OYAK)
    • LUKOIL/Akpet
    • Independent players
    • Opet
    • Petline
    • Others
    • Non-fuel retailing
    • Commercial fuels
    • Motor fuels
    • Aviation kerosene
    • Industrial/domestic gasoil
    • Marine bunkers
    • LPG
    • Lubricants
    • Bitumen
    • Retail fuels marketing
    • Distribution of oil products
    • Oil product storage infrastructure
    • Independent petroleum product storage

Tables and charts

This report includes 18 images and tables including:

  • Total demand
  • Demand by product
  • Car parc by fuel type
  • Biogasoline and biodiesel blending percentages
  • Retail fuel volumes
  • Network development and average site throughput
  • Retail fuel network size and retail fuel market share (2022)
  • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Commercial diesel demand
  • Annual retail fuel gross margins
  • Gasoline retail price breakdown (2022)
  • Diesel retail price breakdown (2022)
  • Storage and distribution infrastructure
  • Regional storage capacity
  • Batman refinery profile
  • Izmir refinery profile
  • Izmit refinery profile
  • Kirikkale refinery profile

What's included

This report contains:

  • Document

    Turkey downstream oil long-term outlook

    PDF 1.56 MB