Turcas Petrol A.S.

Turcas, with 85 years of experience, is a holding company that has participations in companies that hold leading positions in their respective business areas. Turcas, with its sustainable performance and numerous successful partnerships in the Turkish energy sector, has a global institutional culture. Turcas is one of the rare integrated energy companies in Turkey that operates in the fields of oil and energy, power investments, renewable energy (with a focus on geothermal and wind), fuel retail and lubricants distribution, natural gas projects, power generation & trading. Turkpetrol and Lubricants Limited, founded in 1931 as Turkey’s first privately owned fuel distribution company, became a joint stock company in 1936, and teamed up with British Burmah Castrol in 1988 to establish Turcas Petroleum. The name “Turcas” came about by combining the first three letters of Turkpetrol and Castrol. Following the Initial Public Offering of the company’s minority shares in 1992, Tabas Petroleum acquired the majority shares of the company in 1996. Subsequently, Tabas Petroleum and Turcas Petroleum were merged in 1999 and the new entity was named Turcas Petrol.