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OIL & ENERGY INDUSTRY IN TURKEY. PROCESS OF LIBERALISATION MAY 2009. PETDER MEMBERS. FIELD OF OPERATION FUELS (Black and white products) LPG, (Bulk, bottled and auto gas) LUBES AVIATION FUELS MARINE FUELS. Altınbaş Petrol ve Ticaret A.Ş. PETROL OFİSİ A.Ş.

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oil energy industry in turkey

OIL & ENERGY INDUSTRY IN TURKEY

PROCESS OF LIBERALISATION

MAY 2009

petder members
PETDER MEMBERS
  • FIELD OF OPERATION
    • FUELS
        • (Black and white products)
    • LPG,

(Bulk, bottled and auto gas)

    • LUBES
    • AVIATION FUELS
    • MARINE FUELS

Altınbaş Petrol ve Ticaret A.Ş.

PETROL OFİSİ A.Ş.

Shell & Turcas Petrol A.Ş.

Belgin Madeni Yağlar

BP Petrolleri A.Ş.

The SHELL Company of

TURKEY Ltd.

BP Gaz A.Ş.

Shell Gaz Ticaret ve Sanayi A.Ş.

DELTA Akaryakıt Tic. A.Ş.

TOTAL Oil Türkiye A.Ş.

ERK Petrol Yatırımları A.Ş.

TURCAS Petrol A.Ş.

MOBIL Oil Türk A.Ş.

outline
OUTLINE
  • GENERAL OVERVIEW OF ENERGY SECTOR IN TURKEY
    • Legislative structure
    • Market Review
  • TURKISH OIL INDUSTRY
    • Demand & Supply
    • Refining, Logistics &Marketing
turkey energy market legislation
TURKEY – Energy Market Legislation
  • Turkey has incorporated numerous Laws and Regulations in line with EU accession programme.
    • Electricity and Natural Gas Market Laws (2001)
    • Petroleum Market Law (December 2003)
    • LPG Market Law (April 2004)
    • Petroleum Law ( in the parliament).

These laws essentially drives the energy sector towards a fully liberalized market structure

  • Energy Market Regulatory Authority (EMRA) has been established at the end of 2001 to regulate all activities in the Gas, Power and Oil Products Markets.
slide5

PRIMARY ENERGY CONSUMPTION

Primary Energy Consumption Of Turkey

(Million Tons of Oil Equivalent)

Natural gas is the fastest growing fuel in Turkey’s energy supply and has taken lead from oil as of 2008

Source: EMRA 2007 Report

Source: BP Statistical Review

turkey energy in brief
TURKEY – Energy in brief
  • Turkey is aiming to reduce its high dependency on energy imports by diversification and through increasing utilization of domestic resources. Exploration efforts in the Black Sea have increased; hydro and coal consumption is further encouraged.
    • New Petroleum Law to encourage new exploration incentives
  • Turkey’s aspiration is to become an energy bridge between major oil and gas producing countries of the Middle East and Caspian, and the consumer markets in Europe.
    • Turkey\'s port of Ceyhan is an important outlet for current Iraqi oil exports. Azeri oil throughBaku-Tbilisi-Ceyhan (BTC) has been active in operation since late 2006.
    • Samsun – Ceyhan pipeline project aims to connect oil sources in Black Sea to Ceyhan area.
    • Nabucco pipe line project aims to deliver Caspian natural gas to Europe through Turkey..
slide7

OIL DEMAND & TRENDS

Total size of oil industry in Turkey is 60 Billion $

5-7%

Source : Tüpraş

trends in white products
TRENDS IN WHITE PRODUCTS

In 2008 total white products consumption decreased by 1% to 18.44 million m3.

% 5,9

% - 1,0

% 5,8

% 0

trends in consumption of oil products
Trends in consumption of oil products

DIESEL CONSUMPTION

  • Diesel consumption increasing
  • Gasoline consumption decreasing
    • Auto LPG strong substitution
    • in gasoline market

GASOLINE & Auto LPG CONSUMPTION

Source: GDPA & PETDER

slide10

Black Products & Lubes

BLACK PRODUCTS & LUBRICANTS CONSUMPTION

BLACK PRODUCTS

LUBRICANTS

Source: GDPA & PETDER

slide11

LOGISTICS –Refineries, Storage Facilities &Crude Oil Pipelines

  • 4 Refineries,
  • 84 Licensed Storage Facilities
  • Distributors Fuel Storage Capacity 4.24 M.m3
licensed players in petroleum market
Licensed Players in Petroleum Market

Licenses As of 20th May 2009

  • REFINERY LICENSE 4
  • DISTRIBUTORS 51
  • DEPOTS 84
  • FUEL STATIONS 12439
  • LUBE 208
  • INDEPENTENT CONSUMERS 71
  • MARINE & AVIATION 58
licensed players in lpg market
Licensed Players in LPG Market

Licenses As of 20th May 2009

  • DISTRIBUTORS 63
  • DEPOTS 81
  • AUTOGAS STATIONS 7705
  • LPG TRANSPORT 38
  • LPG BOTTLE PRODUCERS 11
turkey natural gas pipelines
Turkey- Natural Gas Pipelines

14 BCM

Russia WCBS 1&2

Azeri Gas (Shah Deniz)

Russia - Blue Stream

Turkmeni Gas

* No field development yet for Turkmeni gas

Algeria LNG +

Nigeria LNG

Iran

Natural Gas Supply- Operational

Natural Gas Supply- Contracted

Natural Gas Supply- Under Discussion

Source: BOTAS

outcome of liberilasation process oil industry
OUTCOME OF LIBERILASATION PROCESS OIL INDUSTRY
  • OIL INDUSTRY IN TURKEY HAS SUCCESFULLY ADAPTED NEW PRICING SYSTEM
    • January 1st 2005 / Oil products / LPG distribution companies assign “ceiling” or “suggested” prices
      • Pump prices are being published at EMRA web sites
  • RESTRICTIONS ON OIL IMPROTS HAVE BEEN REMOVED.
  • LICENSING PERIOD HAS BEEN SUCCESSFULLY COMPLETED.
    • 4 Refineries, 51 distributors, 14845 dealers, 136 lube oil licenses
    • All non-licensed players have been pushed out of market
  • IMPORTANT STEPS TOWARDS ALIGNMENT WITH EU REGULATIONS
    • Market liberalization (free movement of goods)
    • Fuels specifications adopted
      • Full harmonization expected in 2009
    • Compulsory Oil Stocks (90 Days)
slide16

OUTCOMES / RESULTS OF NEW LEGISLATIVE PROGRESS

  • SUCCESSFULL PRIVATISATION AND INCREASED FOREIGN INVESTMENTS
    • Successful privatization of refineries, price for 51% ownership doubled in two years
    • Increasing foreign investment/interest in Turkish oil market
      • Shell – Turcas JV
      • POAŞ – OMV (34% share sales to OMV)
      • LUKOIL bought all shares of AKPET company,
    • Interest in new large scale projects (Plans for a new refinery , new pipeline)
  • IMPROVED COMPETETIVENESS & TRANSPARENCY
      • 51 Distribution companies
      • Higher quality of service at the pump stations
      • New products in market (98 octane, low sulfur diesel, fully unleaded gasoline, Biofuels)
      • Highly competitive industry (campaigns, promotions etc)
  • IMPROVED OPERATIONAL SAFETY, IMPROVED TECHNICAL STANDARDS AT STATIONS AND TERMINALS
      • GSM (Regulation for operational health & safety)
  • HIGHER LEVEL PARTICIPATION OF INDUSTRY ORGANISATIONS IN LEGISLATIVE PROCESS
influence of taxation on pump price
Influence of taxation on pump price

Special Consumption Tax & VAT on Fuel products constittue an important part of pump price. More than 50 % of pump price is taxation.

Average taxation (VAT+S.C.T) on pump prices (year average for 2008)

Gasoline RON 95

Low Sulphide Gasoil

Gasoil

Fuel Oil No: 6

LPG Auto gas

slide19

ISSUES & OIL INDUSTRY CONCERNS IN TURKEY

High level of taxation in oil products:

pricing structure of gasoline

Distr. Margin 10%

Tax 61%

Tax component

Product 29%

slide20

Turkey is one of the highest oil taxing country

TOTAL TAX IN PUMP PRICE: € cents/lt

Unleaded gasoline

Diesel

* Calorific Efficiency is included

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