Vitol Unit Acquires BP's Turkish Gas Station Operations

Source Press
Company VitolBP Plc. 
Tags Asset Deals, Deals, Refining & Marketing Activities
Date November 16, 2023

(Bloomberg) Vitol’s Petrol Ofisi agreed to buy BP Plc’s gas station operations in Turkey, as the world’s biggest independent oil trader raises its bet on downstream assets by adding to what is already the country’s largest fueling network. Vitol’s subsidiary will expand its retail network in the country by 770 stations to more than 2,700 sites. The deal also includes BP’s share of the ATAS Anadolu Tasfiyehanesi oil terminal. The terms of the acquisition weren’t disclosed. Regulatory approval is expected in 2024.

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