Oil energy industry in turkey
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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

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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.


Oil energy industry in turkey

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..


Oil energy industry in turkey

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


Oil energy industry in turkey

Black Products & Lubes

BLACK PRODUCTS & LUBRICANTS CONSUMPTION

BLACK PRODUCTS

LUBRICANTS

Source: GDPA & PETDER


Oil energy industry in turkey

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 LICENSE4

  • DISTRIBUTORS51

  • DEPOTS84

  • FUEL STATIONS 12439

  • LUBE 208

  • INDEPENTENT CONSUMERS71

  • MARINE & AVIATION58


Licensed players in lpg market

Licensed Players in LPG Market

Licenses As of 20th May 2009

  • DISTRIBUTORS63

  • DEPOTS81

  • AUTOGAS STATIONS 7705

  • LPG TRANSPORT 38

  • LPG BOTTLE PRODUCERS11


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)


Oil energy industry in turkey

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


  • Oil energy industry in turkey

    Thank you…


    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


    Oil energy industry in turkey

    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%


    Oil energy industry in turkey

    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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