Opet conducts retail, wholesale and industrial sale operations in the fuel distribution sector. It also provides storage services and engages in the international trade of petroleum products. The Company also produces and markets mineral oils through Opet-Fuchs, a 50-50% partnership with German lubricant producer Fuchs; and supplies and sells jet fuel through THY-Opet, a 50-50% partnership with Turkish Airlines.
During the year, Opet maintained its market share, thus bolstering its position as the second largest company in the fuel distribution sector, which expanded about 11% in 2015.
2015 saw Opet renewing a large number of its dealership agreements. The Company closed the year by increasing both the number of gas stations and sales volume. Meanwhile, in response to price and exchange rate fluctuations during the year, the Company took steps to minimize any adverse impact on its operations, which translated into positive results in year-end financial figures.
In 2015, the Company generated additional revenue by leasing a section of the capacity at its Marmara Ereğlisi Terminal, one of its strategic assets, and by delivering services to third parties at the terminal.
THY-Opet serves numerous domestic and foreign airlines at all of Turkey's 51 airports. THY-Opet increased its jet fuel sales volume by 15% over 2014 to reach 4.0 million m³ in 2015.
Awards and achievements
Serving customers with nearly 1,400 Opet and Sunpet dealers, Opet aims to be the first choice of consumers through its "Supreme Service Philosophy." As a result of efforts carried out to meet this goal, the Company's achievements were crowned with numerous awards in 2015.
Respect for the environment and social responsibility
Opet conducts all its operations in accordance with the highest ethical standards and with a strong sense of responsibility towards its stakeholders. This awareness guides the Company in its development of social responsibility projects. Having embedded social responsibility into its corporate culture, Opet has carried out many social responsibility initiatives, such as "Respect for History," "Green Path," "Model Village," "Clean Toilet" and "Traffic Detectives."
Outlook, targets and strategies for 2016
In 2016, the Company plans to grow above the sector average without compromising overall profitability, by carrying out capital investments necessary to achieve these targets. In addition, customer satisfaction will remain Opet's top priority and the Company will maintain its market position as the first choice of customers.