Turcas Petrol A.S. (Turkiye)

Turcas Petrol Anonim Sirketi is an oil/energy-focused investment company located in Istanbul. With a history of 92 years, the company has subsidiaries with leading companies in their sectors. Turcas' investment portfolio is focused on two business lines: Retail (Fuel & Lubricants) and Power. In the Retail market, Turcas' subsidiary, Shell & Turcas Petrol, operates a network of over 1,150 fuel stations across Turkey. In 2022, the company generated TL 160.8 billion in revenues, making it a sector leader and one of the largest companies in Turkey. In the Power sector, Turcas and its partner RWE operate the 800 MW Denizli Natural Gas Combined Cycle Power Plant, which was commissioned in 2013. Despite challenging market conditions in 2022, the plant supplied 2,514 Million kWh of electricity to the system. Turcas' vision is to become the highest value generating "Energy Focused Investment Company" in Turkey. The company's mission is to create sustainable value for its shareholders while respecting the heritage and values of Turkey. Turcas is committed to providing high-quality products and services through its investments and partnerships, adhering to the highest safety, environmental, and ethical standards. The company's strategy is to meet Turkey's growing energy demand by expanding its diversified portfolio using its industrial know-how, local knowledge, international partnerships, and opportunities in nearby markets. Turcas aims to maximize stakeholder value. Turcas' principal values include reputation, compliance with ethical principles and regulations, commitment, cooperation, sustainability, self-confidence, and ambition.