Frequently Asked Questions
Frequently Asked Questions
What areas does Tüpraş operate in?
Since the merger of İpraş and three other refineries under Tüpraş in 1983, the Company has been working to ensure that Turkey has a reliable fuel supply. Tüpraş operates various sectors, including logistics through Körfez Transportation and DİTAŞ, electricity generation through Entek, crude oil and petroleum products trading through Tüpraş Trading, fuel storage and sales through OPET, and new energy technologies through Tüpraş Ventures.
What is Tüpraş’s shareholding structure?
Tüpraş is owned 46.4 percent by Enerji Yatırımları A.Ş., 6.35 percent by Koç Holding, and 0.48 percent by Koç family members. The remaining shares are publicly held. You can learn more by visiting the Corporate Governance page.
When did Tüpraş go public?
Tüpraş shares were first listed on the Istanbul Stock Exchange (BIST) in 1991 at a rate of 2.5 percent. By the end of 1999, the rate of Tüpraş shares traded on the stock exchange increased to 3.58 percent. In April 2000, with the completion of the second public offering, the free float rate reached 34.24 percent. On March 4, 2005, 14.76 percent of Tüpraş shares were sold to international funds on the ISE Wholesale Market, increasing the free float rate to 49 percent. Additionally, in the same year, the Koç-Shell joint venture group won the tender for the block sale of 51 percent of the public shares.
Enerji Yatırımları A.Ş., a company controlled by Koc Holding A.Ş, Koç Family and their affiliated companies was founded in 2005 for the purposes of acquiring 51 percent of Tüpraş’s shares investing in and operating oil refineries and related businesses in Turkey, and taking part in the management and decision-making process of Tüpraş. In line with its founding purpose, Enerji Yatırımları A.Ş. won the tender held on September 12, 2005, for the privatization of 51 percent of Tüpraş’s public shares, acquiring them for $4.14 billion. The share transfer agreement was signed in January 2006, solidifying the 51 percent ownership in Tüpraş.
In 2022, through a partial division of shares held by Koç Holding A.Ş. and Aygaz A.Ş., Entek Elektrik Üretim A.Ş. acquired 99.23 percent of Entek shares, the public disclosure became 46.8 percent. Tüpraş issued additional shares in exchange for this transaction.
Enerji Yatırımları A.Ş., a company controlled by Koc Holding A.Ş, Koç Family and their affiliated companies was founded in 2005 for the purposes of acquiring 51 percent of Tüpraş’s shares investing in and operating oil refineries and related businesses in Turkey, and taking part in the management and decision-making process of Tüpraş. In line with its founding purpose, Enerji Yatırımları A.Ş. won the tender held on September 12, 2005, for the privatization of 51 percent of Tüpraş’s public shares, acquiring them for $4.14 billion. The share transfer agreement was signed in January 2006, solidifying the 51 percent ownership in Tüpraş.
In 2022, through a partial division of shares held by Koç Holding A.Ş. and Aygaz A.Ş., Entek Elektrik Üretim A.Ş. acquired 99.23 percent of Entek shares, the public disclosure became 46.8 percent. Tüpraş issued additional shares in exchange for this transaction.
Which indices is Tüpraş included in?
Tüpraş is included in the following indices;
BIST PARTICIPATION 50 / BIST 100 / BIST LIQUID 10 EX BANKS / BIST ALL SHARES / BIST 50 / BIST PARTICIPATION 30 / BIST CHEM. PETROL PLASTIC / BIST KOCAELİ / BIST STARS / BIST SUSTAINABILITY / BIST PARTICIPATION ALL / BIST 30 / BIST PARTICIPATION SUSTAINABILITY / BIST INDUSTRIALS / BIST PARTICIPATION 100.
BIST PARTICIPATION 50 / BIST 100 / BIST LIQUID 10 EX BANKS / BIST ALL SHARES / BIST 50 / BIST PARTICIPATION 30 / BIST CHEM. PETROL PLASTIC / BIST KOCAELİ / BIST STARS / BIST SUSTAINABILITY / BIST PARTICIPATION ALL / BIST 30 / BIST PARTICIPATION SUSTAINABILITY / BIST INDUSTRIALS / BIST PARTICIPATION 100.
Who are Tüpraş’s subsidiaries?
Our affiliates are: Tüpraş Trading LTD at 100 percent, DİTAŞ at 79.88 percent, OPET at 41.7 percent, Körfez Ulaştırma at 100 percent, Entek at 99.23 percent, and Tüpraş Ventures at 100 percent.
You can learn more by checking out the Our Affiliates tab in the About Us section or by reading our annual reports.
You can learn more by checking out the Our Affiliates tab in the About Us section or by reading our annual reports.
Where can I find Tüpraş’s articles of association?
You can find Tüpraş’s Articles of Association on the Public Disclosure Platform or here.
What is the date of Tüpraş’s General Assembly Meeting?
You can learn more on the General Assemblies page.
Where can I find Tüpraş’s annual report?
You can find our annual report on our homepage or Investor Relations page.
When does Tüpraş announce its financial results?
Tüpraş announces its financial results every quarter. Announcement dates are declared by the Company on the Public Disclosure Platform. Please check the announcements on this platform.
You can see the announcement dates from the calendar section on the Investor Relations page of our website.
You can see the announcement dates from the calendar section on the Investor Relations page of our website.
What are Tüpraş’s credit rating scores?
Tüpraş is rated by international organizations such as Moody’s, Fitch, and JCR-ER.
You can find our credit rating scores along with their history on the Corporate Governance page.
You can find our credit rating scores along with their history on the Corporate Governance page.
How can I buy or sell Tüpraş shares?
Share purchases and sales can only be made at the prices listed on Borsa Istanbul through the brokerage firms licensed by the CMB. To invest in a share, you must open an investment account with your bank. Shares cannot be bought/sold through any other channel. You can learn more by calling the bank/brokerage firm where you buy/sell shares.
What is Tüpraş’s dividend policy?
Dividends are distributed based on the principles of Corporate Governance, and we strive to maintain consistency and balance between shareholders and the Company’s interests. As a principle, the Company’s distributable net profit for the period is calculated in compliance with Capital Markets Regulations, taking into account factors such as market expectations, long-term company strategy, investment and financing policies, profitability and cash position. The entire distributable net profit is distributed in cash to the extent allowed by applicable regulations, investment needs, and company resources.
In accordance with the Strategic Transformation Plan announced in November 2021, our new business model allows an average dividend payment rate of 80 percent throughout the plan period.
Click here to learn more about the dividend policy.
In accordance with the Strategic Transformation Plan announced in November 2021, our new business model allows an average dividend payment rate of 80 percent throughout the plan period.
Click here to learn more about the dividend policy.
How will I receive my dividend?
Dividend Distribution Proposal is received by the Board of Directors and disclosed to the public with the announcement of the Ordinary General Assembly agenda at the latest. After the Board’s dividend distribution proposal is approved by the General Assembly, the amount will be paid to your account on the specified date.
What is the Strategic Transformation Plan? How will it affect Tüpraş?
The strategic transformation plan was initiated in 2021 with the goal of producing the energy of the future. The plan focuses on investing in sustainable refining, biofuels, zero-carbon electricity, and green hydrogen, with the ultimate objective of becoming a carbon-neutral energy company by 2050. As a result of these breakthroughs, Tüpraş aims to evolve from a refining company into an energy company while still fulfilling Turkey’s growing energy demand. You can learn more under the Strategy tab.
What are Tüpraş’s sustainability policies?
All policies approved by the Board of Directors to ensure the more effective management of the Company’s compliance risks and to better respond to the compliance expectations of our local and international stakeholders are available in the Corporate Governance section under the Investor Relations tab.
Management system policies consist of integrated management system policy; environmental management policy; health, safety and environment (HSE) policy; information security management policy; customer relations policy; energy management policy; and security policy. You can find each policy in the Management Systems section under the Sustainability tab on the Tüpraş website.
Risk policies consist of corporate risk management and financial risk management. You can find these policies in the Risk Management section under the Sustainability tab.
Click here to see our Sustainability Reports and Integrated Reports.
Management system policies consist of integrated management system policy; environmental management policy; health, safety and environment (HSE) policy; information security management policy; customer relations policy; energy management policy; and security policy. You can find each policy in the Management Systems section under the Sustainability tab on the Tüpraş website.
Risk policies consist of corporate risk management and financial risk management. You can find these policies in the Risk Management section under the Sustainability tab.
Click here to see our Sustainability Reports and Integrated Reports.