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Turkish Petroleum Refineries Corporation (Tüpras)

Categories

Energy and Utilities  

$7.66B

Marketcap

TR Turkey

Country

Turkish Petroleum Refineries Corporation (Tüpras)
Leadership team

Ömer M. Koç (Chairman)

Ali Y. Koç (Vice Chairman)

Rahmi M. Koc (Member)

Industries

Energy and Utilities

Products/ Services
Energy, Industrial, Oil and Gas
Headquarters
Gülbahar Mah. Büyükdere Cad. No:101/A 34394
Established
1983
Social Media
Overview
Location
Summary

Turkish Petroleum Refineries Corporation (Tüpras) is the largest oil refiner in Turkey and one of the leading companies in the Mediterranean basin. Founded in 1983, Tüpras operates four refineries in Turkey, with a total processing capacity of 28.1 million tons per year. The company produces a wide range of petroleum products, including diesel, gasoline, jet fuel, LPG, asphalt, and petrochemicals.

Tüpra? is committed to ensuring high-quality and reliable supply of energy products to meet the needs of its customers in Turkey and around the world. The company has a strong focus on innovation and technology, and invests heavily in research and development to improve its products and processes, as well as to reduce its environmental impact.

In addition to its core refining business, Tüpra? is also involved in other areas of the energy sector, including fuel storage and transportation. The company operates a network of storage terminals and pipelines throughout Turkey, providing critical infrastructure for the country's energy supply.

History

Turkish Petroleum Refineries Corporation (Tüpras) was founded in 1983 as a state-owned company responsible for refining crude oil into petroleum products. The company's first refinery, located in Izmit, began production in 1985, with a processing capacity of 5.5 million tons per year.

In the years that followed, Tüpras expanded its operations, opening additional refineries in Izmir, Kirikkale, and Batman. These refineries increased the company's total processing capacity to 28.1 million tons per year, making Tüpras the largest oil refiner in Turkey and one of the leading companies in the Mediterranean basin.

Throughout its history, Tüpras has faced numerous challenges, including fluctuations in global oil prices, changing regulatory environments, and increased competition from other refiners. However, the company has remained resilient, focusing on innovation and technology to improve its products and processes and maintain its competitive edge.

In 2006, Tüpras was privatized, with a majority stake sold to Koç Holding, one of Turkey's largest conglomerates. Under private ownership, the company has continued to invest in research and development and expand its operations, with a focus on sustainable and responsible practices.

Today, Tüpra? is a leading player in the Turkish energy sector, providing critical energy products and services to customers both domestically and internationally, while also contributing to the development of the country's energy sector through its innovative and sustainable practices.

Mission

Tüpras's mission is to be a leading and reliable supplier of energy products and services in Turkey and the wider region, while also promoting sustainable practices and environmental responsibility. The company is committed to meeting the evolving needs of its customers by providing high-quality and innovative products that deliver superior value.

To achieve this mission, Tüpras operates its refineries and other facilities in a safe, efficient, and environmentally responsible manner, while also investing in research and development to improve its products and processes. The company also works closely with its suppliers and partners to ensure that its entire supply chain is responsible and sustainable.

Tüpras is also committed to being a responsible corporate citizen, contributing to the social and economic development of the communities in which it operates. The company supports a range of initiatives in education, health, and social welfare, with a particular focus on programs that benefit the most vulnerable members of society.

Vision

Tüpras's vision is to be a leading and innovative energy company that contributes to Turkey's economic development while also promoting sustainable practices and environmental responsibility. The company aims to be a trusted partner for its customers, providing reliable and high-quality energy products and services that meet their evolving needs.

To achieve this vision, Tüpras is committed to investing in cutting-edge technologies and best practices that enhance the efficiency of its operations and reduce its environmental impact. The company strives to be a leader in sustainability, promoting responsible practices throughout its supply chain and fostering a culture of environmental awareness and responsibility.

Tüpras also aims to be a responsible corporate citizen, contributing to the social and economic development of the communities in which it operates. The company supports a range of initiatives in education, health, and social welfare, with a particular focus on programs that benefit the most vulnerable members of society.

Recognition and Awards
Ranked first in company size rankings in Turkey (ISO 500, Capital 500, Fortune 500) Ranked first in the category of “Chemicals and Products Sector” and third in the overall ranking In the Turkey Exporters Assembly (TIM) survey The Izmit Refinery was ranked first in the “Waste Management” category with the “Industrial Symbiosis Applications” project
References

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Turkish Petroleum Refineries Corporation (Tüpras)
Leadership team

Ömer M. Koç (Chairman)

Ali Y. Koç (Vice Chairman)

Rahmi M. Koc (Member)

Industries

Energy and Utilities

Products/ Services
Energy, Industrial, Oil and Gas
Headquarters
Gülbahar Mah. Büyükdere Cad. No:101/A 34394
Established
1983
Social Media