HomeMediaLatest NewsTatneft is going to enter the Turkish retail fuel market

Tatneft is going to enter the Turkish retail fuel market

06 April 2023

Kondratiev Sergey V. Deputy Head of the Economic Department, Head of the Real Sector Group

Sergey Kondratiev, Deputy Head of the Economic Department of the Institute for Energy and Finance, commented to the Kommersant newspaper about the Tatneft's expansion into the Turkish oil products market.

Tatneft, like other Russian companies, is now trying to expand the guaranteed sales of petroleum products both in Russia and abroad, Sergey Kondratyev believes, Turkey can be classified as a neutral country that continues economic relations with Russia and has not imposed sanctions.

According to him, Aytemiz is a fairly large player, but the leaders in the Turkish market are Petrol Ofisi (controlled by Vitol), which has over 1.7 thousand gas stations and controls 23% of motor fuel sales, and Opet, which has over 1.8 thousand gas station. The purchase opens up new opportunities for Tatneft, since the Turkish market may become the second most important for the company with the sale of up to 2 million tons of gasoline and diesel fuel annually, the expert believes.

Kondratiev Sergey V. Deputy Head of the Economic Department, Head of the Real Sector Group
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