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, 14 companies were established, with 100% of the capital belonging to Ditaş.
The Company provides shipping line operation, brokerage/ship leasing, guidance, tug operation, inspection and agency services. Ditaş carries out crude oil transportation in line with the needs of Tüpraş, and does petroleum products transportation 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 expentition basis.
1 Crude Oil Product Tanker
10 Product Tanker
Tüpraş holds 40% of Opet’s shares
Opet carries out activities in fuel distribution sector, retail sales, commercial and industrial sales, storage and international product trade. The Company operates in the fuel oil distribution sector via retail sales, commercial and industrial fuel oil sales, storage and international product trade. With nearly 900 employees, 1,670 stations including the Sunpet brand and 1.1 million m3 strage capacity, Opet manages an extensive service network throughout Turkey with 5 terminals and provides high-quality products and services to its cusmomers.
Opet also performs production and marketing of mineral oils through Opet-Fuchs, its 50-50% partnership with the German mineral oil company Fuchs; and jet fuel supply and sales through THY-Opet, its 50-50% partnership with Turkish Airlines.
Tüpraş holds 100% of Körfez Ulaştırma A.Ş. shares
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) throughout 2018, starting from December 2017.
As of 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 with two daily trains from each refinery. In 2019, trial runs were also carried out on the Kırıkkale-Batman and Kırıkkale-Mersin lines.In 2019, in addition to 439 wagons purchased by Körfez Ulaştırma from Tüpraş at different times during the year, 26 Opet tank wagons and the TCDD tank wagons, numbering between 100 and 250, were used in the transportation.
Tüpraş, holds 100% of Trading Ltd. shares
The London Trade Office, Tüpraş’s first international office, was established at the end of 2018. The main purpose of the office is to participate more closely in the market by being in London, which is one of Europe’s most important centers in the oil trade, to reach market information faster and to create added value from the arbitrage opportunities in a manner which optimizes the current refinery system in Turkey and from the three party trade.
In 2019, a total of 11 fuel oil cargoes, including four high-tonnage arbitrage cargoes shipped to Singapore and Saudi Arabia, were traded by the London Trade Office. A total of seven cargoes were discharged to Italy, Malaysia, Malta and Spain with the CIF delivery. Thus, a total of 615 thousand tons of fuel oil were traded. In addition, in the second half of 2019, a total of 535 thousand tons (18 cargoes) of low sulfur fuel oil, atmospheric straight-run fuel oil and vacuum gasoil imports were performed by the London Trade Office to meet the fuel and intermediate product needs of the Tüpraş refineries.
For gasoline, a total of 1,476 thousand tons of Gasoline/Reformat was exported, including 27 FOB and 19 CIF cargoes. The CIF delivered cargoes were discharged to the United States, the United Arab Emirates, Bahamas, Belgium, France, the Netherlands, Spain, Lebanon, Saudi Arabia and Trinidad.