We’ve expanded our storage and supply business throughout the Middle East, Black Sea, and Caspian regions, handling railways, ships, and trucks. We’ve now begun investing in biodiesel as well. We put together an accredited biodiesel processing plant where we’re looking to produce cleaner energy and reduce emissions.
GULF OF EXPERIENCE
Gulf is one of the newer projects that the group has undertaken, starting in 2004. The Gulf brand is present in more than a hundred countries. Now we’re bringing that giant into the global market through the exclusive arrangements that we have, and then servicing the inland market of the country.
THE CEYHAN HUB
There are many natural hubs around the world: Houston, Rotterdam, Singapore, and so on. Ceyhan is also on the way to becoming a global energy hub, and the government has been working hard to promote that since the early 2000s. There are pipelines and also an industrial zoning project taking place, with power plants and refineries, all aimed at transforming Ceyhan into a hub that provides for the trading of oil.
Starpet aims to apply effective environmental policy and reflects environmental awareness throughout the company. Our market share is expanding in the fuel distribution sector—with 450 dealerships—and we are looking to give back more through social responsibility projects for the good of the country.
We want to combine our domestic know-how with a more international reach. We are proud of our expansion into logistics, mineral oil production, and the development of Stargas, enabling us to meet the LPG needs of our customers. Within its own structure, this company is now able to produce and present a wide range of products.
THE TAX ISSUE
Despite the 3.9% decrease in total oil consumption in 2010, the amount of indirect taxes gained through total oil sales increased by 20% to TL35 billion due to rises in excise tax and VAT. Turkey has the most expensive rates for petrol among all EU member states, at around €1.90 per liter.
In Turkey, there are more than 53 distribution companies, and we are in the top 10. We have 410 branches around different regions in Turkey. This can be regarded as a miracle to grow with this kind of success in four or five years.
Our goal is to be in every part of Turkey. Additionally, we recently opened a distribution branch in Iraq. We have three stations there that were all opened in 2011. So another goal is to have stations throughout Iraq. We are the only foreign retailer in that market, and each of our three stations is the number one in its region.
POTENTIAL IN THE MED
For the next 10 years, I believe that the Mediterranean region, especially Mersin and Ceyhan, will become petroleum hubs in Turkey. I believe the reason is Turkey’s geographical location, which is important because of its role as a connector between the Middle East and Europe. I believe that new pipelines will be established soon.
© The Business Year