Turcas turned into a holding company organization after transferring its gas station network with app. 650 dealers – which at one point exceeded 1000 but then reduced in line with the company’s optimization program – along with its related assets under the newly established Shell & Turcas Petrol A.Ş. (“STAŞ”) operational as of July 1, 2006 founded jointly with Shell Turkey.  After this point, Turcas has been owning fuel retail and lubricants businesses not directly but indirectly through STAŞ of which %30 stake is held under Turcas balance sheet as a subsidiary. 

STAŞ is expected to increase its profitability, efficiency and market share as one of Turkey’s leading companies in petroleum products distribution and lubricants market. Since Turcas (and Shell Turkey) committed not to compete with STAŞ in accordance with the provisions of the Joint Venture Agreement entered into, Turcas’ existence and activities in these markets will continue and grow through its stake in STAŞ.

As per its Board Resolution, Turcas has already started to engage in energy projects such as generation, distribution and trading of electricity, importation and wholesale of natural gas, refining of crude oil, and exploration and production of oil especially overseas with the intention of investing or partnering in the ones that are deemed appropriate. Within this context, Turcas has decided to sustain its growth as an energy holding company by cooperating with local and/or foreign partners based on the nature of related projects and with the discretion of its Board.

In parallel with this strategy, Turcas has been going through a Re-structuring Process.  From now on, Turcas will continue its business activities in three major fields:

Detailed information on our activities in these fields are given in related sections.

Turcas’ vision is to be present in all profitable fields of energy with its diversified portfolio within a large geography covering Turkey. The partnerships which we have or will establish while accomplishing this, will create a chance for our shareholders to become the partners of the world’s most prestigious energy companies through Turcas.