Tüpraş
- Company typePublic
- Founded1961
- HeadquartersKörfez
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Tüpraş firmographics
Firmographics- Name
- Tüpraş
- Legal name
- Türkiye Petrol Rafinerileri A.Ş.
- Website
- https://tupras.com.tr
- Company type
- Public
- Founded year
- 1961
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Tüpraş industry classification
Industry- Product category
- Petroleum Refining
- NAICS
- Petroleum Refineries (324110), All Other Petroleum and Coal Products Manufacturing (324199), Petroleum Bulk Stations and Terminals (424710)
- SIC
- Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171), Miscellaneous Products Of Petroleum & Coal (2990)
- akta.pro primary industry
- Distillation & Fractionation (Crude, Condensate & NGL Splitters) (EUALAGAD)
- akta.pro secondary industries
- Deep Conversion & Resid Upgrading (Delayed Coking, Visbreaking, Solvent Deasphalting) (EUALAGAC), Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives) (EUALAGAJ), Gas Processing & NGL Recovery (Dehydration, Sweetening, Cryogenic Recovery) (EUALAGAG), Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading) (EUALAGAK), Crude Oil & Refined Products Trading & Marketing (EUAGAAAD), Fuel Blending & Additives Services (Blend Optimization, Compatibility) (TLAHAKAI), Bulk Terminal Services & Operations (Stevedoring, Sampling, Weighing, Blending) (TLAHABAO), Crude Oil & Petroleum Products Tanker Transport (TLADALAA)
Keywords
Where Tüpraş is headquartered
LocationHeadquarters
- HQ city
- Körfez
Offices6 records
Markets served
Tüpraş business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Petroleum Refining and Product Sales: Core business: refining crude oil and selling petroleum products including fuels (gasoline, diesel, jet fuel), LPG, base oils, wax, bitumen, and specialty products. Revenue generated from domestic sales and international trading.
- International Trading (Tüpraş Trading Ltd.): London-based trading subsidiary handles fuel oil, crude oil, light and medium distillate trading, and derivative transactions in futures markets for risk management. Also conducts third-party trading. In 2025: over 4.3 million tons of product trading and over 9.5 million tons of spot crude oil arrangements.
- Electricity Generation (Entek): Subsidiary Entek operates power generation assets including hydroelectric, wind, hybrid (wind+solar), and natural gas combined cycle plants with total 490 MW installed capacity.
- Logistics Services: Maritime transport via Ditaş tanker fleet (711,891 DWT capacity) and rail transport via Körfez Ulaştırma. Ditaş also provides broking, agency, vetting, and tugboat services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Contract-based bulk petroleum product pricing |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Tüpraş product offering
Product offeringCore offering
Tüpraş refines crude oil at four integrated refineries in Turkey (İzmit, İzmir, Kırıkkale, Batman) with combined capacity of approximately 30 million tons per year, producing motor fuels, jet fuel, LPG, base oils, bitumen, and specialty petroleum products. The company also operates fuel distribution (Opet), maritime and rail logistics (Ditaş, Körfez Ulaştırma), electricity generation (Entek), and international product trading (Tüpraş Trading Ltd.).
Product overview
Tüpraş (Türkiye Petrol Rafinerileri A.Ş.) is Turkey's largest industrial company and leading energy sector player, operating as a vertically integrated petroleum refining and marketing company. The company operates four refineries (İzmit, İzmir, Kırıkkale, and Batman) with a combined annual crude oil processing capacity of 30 million tons. The product portfolio centers on petroleum products including motor fuels (Akaryakıt), specialty fuels (Niş Yakıtlar), LPG, base oils/waxes/extracts, and bitumen products. Value-added products include Modiphal-T and Emuphal-t for asphalt and industrial applications. Beyond refining, the company offers electricity through its Entek subsidiary, logistics services via Ditaş (sea transport) and Körfez Ulaştırma (railway), international trading through Tüpraş Trading Ltd., and venture capital investments via Tüpraş Ventures. The company is pursuing strategic transformation toward sustainable energy with focus on Sustainable Refining, Biofuels, Zero-Carbon Electricity, and Green Hydrogen, targeting carbon neutrality by 2050.
Differentiator
Problem solved
Functional benefit
Brands
- Nextremers: Young talent recruitment and development program offering university students and young professionals project work experience and skill development opportunities at Tüpraş.
- Tüpraş Ventures
- Modiphal-T
- Emuphal-t
- Entek
Products and services
- Motor fuels (gasoline and diesel) Refined gasoline and diesel fuels produced at Tüpraş's İzmit, İzmir, Kırıkkale, and Batman refineries and sold to fuel distributors and the Opet retail network.
- Jet fuel Aviation turbine fuel produced at Tüpraş refineries and supplied to airlines and aviation fuel distributors.
- LPG (liquefied petroleum gas) Liquefied petroleum gas produced as a refinery co-product and sold to LPG distribution companies for household, commercial, and autogas use.
- Base oils Lubricant base oils produced at Tüpraş refineries for sale to lubricants blenders and industrial lubricant manufacturers.
- Bitumen Asphalt and road-grade bitumen produced at Tüpraş refineries and sold to infrastructure and road construction contractors.
- Opet branded fuel distribution Wholesale and retail fuel distribution operated through Tüpraş's subsidiary Opet, selling Tüpraş-refined fuels to end consumers across Turkey.
- Electricity generation (Entek) Electricity generation operated through Tüpraş's subsidiary Entek, supplying power to the grid and supporting internal energy needs.
- Maritime transportation (Ditaş) Maritime transportation services provided through Tüpraş's subsidiary Ditaş, supporting crude and product logistics for refinery operations.
- Rail logistics (Körfez Ulaştırma) Rail transportation services provided through Tüpraş's subsidiary Körfez Ulaştırma, supporting product distribution within Turkey.
- International petroleum trading (Tüpraş Trading Ltd.) International crude oil and refined product trading operated through Tüpraş Trading Ltd., supporting sourcing and commercial optimization for the group's refineries.
Quantifiable outcome
- 18% reduction in Scope 1 and Scope 2 emissions by end of 2024 compared to 2017 baseline
- +2 more outcomes
Companies that use Tüpraş
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
Tüpraş technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature4 records
Tüpraş partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- Pegasus Hava Yolları (Pegasus Airlines)corePegasus Airlines signed strategic cooperation agreement with Tüpraş for Sustainable Aviation Fuel (SAF) usage - the first ICAO CORSIA-compliant SAF to be produced in Turkey. This partnership is a milestone in Pegasus's 2050 Net Zero Carbon Emission roadmap.
- Türk Hava Yolları (Turkish Airlines)coreGood faith agreement for Sustainable Aviation Fuel (SAF) to contribute to Turkey's carbon neutral target and aviation sector decarbonization.
- HoneywellcoreStrategic cooperation for biofuel production technology. Received Turkish-American Business Council prestigious award for the partnership. Focus on sustainable aviation fuel and renewable fuel production.
- OpetcoreOpet is Tüpraş's fuel distribution partner - Turkey's most beloved fuel brand with nearly 2,000 stations, 5 storage terminals (1.1 million m³), and 302 EV charging stations. Holds #2 market share in white products, #1 in black products.
- Ditaş DenizcilikcoreMaritime transport subsidiary - 17 Turkish-flagged tankers with 711,891 DWT total capacity. Provides shipping, broking, agency, vetting, and tugboat services. Nearly 816 employees.
- Körfez UlaştırmacoreTurkey's first private railway train operator - 581 wagons, 547 tankers, 34 platforms, 14 locomotives (5 diesel, 9 hybrid EuroDual). Transports 2.4 million tons of petroleum products annually between refineries. 2025: 107 locomotive drivers, 106 total personnel.
- Ege Üniversitesi (Ege University)minorCollaboration for Basic Refining Internship Program - students receive theoretical training and hands-on experience at refineries, earning Tüpraş Basic Refining Certificate upon successful completion.
- Kocaeli Üniversitesi (Kocaeli University)minorCollaboration for Basic Refining Internship Program for vocational school students combining theoretical and practical training at refineries.
- Kırıkkale Üniversitesi (Kırıkkale University)minorJoint internship program and academic cooperation - Kırıkkale Rafinery location. Includes Process Safety course offered for first time in spring term. First graduates received Tüpraş Basic Refining Certificates.
- Batman Üniversitesi (Batman University)minorMultiple collaborations including: Basic Refining Internship Program (2nd edition), 'Young Minds Innovation and Women Entrepreneurship Program'. Batman Rafinery location. Students receive Tüpraş Basic Refining Certificate.
- Hydrogen EuropecoreTüpraş joined Hydrogen Europe as member to support strategic transformation plan and 2050 carbon neutral target. Participates in European green hydrogen development efforts.
- Water EuropecoreTüpraş became first Turkish industrial company to join Water Europe - Europe's leading water ecosystem organization supporting new technologies. Aligns with water sustainability and circular economy goals.
- Beşiktaş Jimnastik KulübücoreStadium naming rights sponsorship - 'Tüpraş Stadyumu' (3-year agreement). Sponsorship of wheelchair basketball team (Beşiktaş Tüpraş Tekerlekli Sandalye Basketbol Takımı). 'Sporun Engelsiz Gücüyle Enerjimiz Geleceğe' slogan supporting disabled athletes.
- Fenerbahçe Spor KulübüminorHeForShe movement partnership with UN Women. Joint events for Women's Day. Amateur sports sponsorship.
- TCDD (Türkiye Cumhuriyeti Devlet Demiryolları)minorRailway safety awareness collaboration - 'Hemzemin Geçitlerde Emniyet Farkındalığı Projesi' (Railway Crossing Safety Awareness Project) with Körfez Ulaştırma.
- Yapı Kredi YayınlarıminorCultural sponsorship - 'Anadolu Uygarlıkları' (Anatolian Civilizations) 12-book series, published since 2011. Final volume 'Pamphylia' published 2024.
- Koç HoldingcoreTüpraş is a Koç Holding company - Turkey's largest conglomerate. Koç Holding Energy Group includes Aygaz, Entek, Opet, and Tüpraş.
Scale indicators10 records
Recent moves6 records
Expansion highlights7 records
Tüpraş competitors and assessment
Company assessmentDirect peers
- PKN Orlen: Polish integrated oil and refiner with ~35M ton/year capacity across multiple European refineries, comparable to Tüpraş in scale and product mix, and pursuing similar energy-transition pivots including biofuels and hydrogen.
- Hellenic Petroleum (HELPE): Greek integrated refiner with three domestic refineries totaling ~17M tons/year capacity, comparable in scale and Mediterranean market exposure to Tüpraş, with overlapping jet fuel and bunker customer bases.
- MOL Group: Hungarian integrated oil company operating refineries in Hungary, Slovakia, and Croatia with combined ~18M tons/year capacity; comparable as a Central European integrated refiner with downstream retail and similar transition strategy.
- Saras S.p.A. Italian refiner operating the Sarroch refinery in Sardinia (~15M tons/year capacity); a similarly positioned Mediterranean refiner reliant on crack spreads and product exports to Northwest Europe.
- Motor Oil Hellas: Greek refiner operating one of the largest Mediterranean refineries (Corinth, ~17.5M tons/year), competing with Tüpraş in Mediterranean product flows and exporting to similar European markets.
- SOCAR Turkey (STAR Rafineri): Azerbaijan's SOCAR operates the STAR refinery in İzmir, Türkiye (13.6M tons/year capacity), directly competing with Tüpraş in the Turkish refined products market and competing for crude imports, jet fuel, and bitumen customers across the same geography.
Broad incumbents
- TotalEnergies: Global integrated supermajor with European refining capacity and retail networks; competes with Tüpraş in jet fuel supply, Mediterranean product flows, and increasingly in SAF and biofuels investments.
- Repsol: Spain-based global integrated energy company with significant European refining (5 refineries, ~500+ service stations); comparable as a broader incumbent operating refineries and retail networks across multiple geographies including overlapping Mediterranean exposure.
Emerging players
- Neste Oyj: Finnish refiner that has pivoted aggressively into renewable diesel and SAF (Renewable Products segment); relevant comparable as a refining leader demonstrating a credible transition path that Tüpraş is now attempting via its Strategic Transformation Plan and SAF partnerships.
Others
- Koç Holding (Parent / Group): Tüpraş's parent conglomerate and Turkey's largest industrial group; comparable not as a peer but as the controlling shareholder influencing capital allocation, group synergies with Aygaz, Opet, and Entek, and overall strategic direction.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Tüpraş social profiles
Digital presenceTüpraş compliance and trust
Trust signalCompliance11 records
Tüpraş financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tüpraş leadership team
Management profileNumber of profiles
Profiles2 records
Tüpraş subsidiaries and ownership
Company hierarchySubsidiaries6 records
Tüpraş funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tüpraş M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tüpraş
What does Tüpraş do?
Tüpraş refines crude oil at four integrated refineries in Turkey (İzmit, İzmir, Kırıkkale, Batman) with combined capacity of approximately 30 million tons per year, producing motor fuels, jet fuel, LPG, base oils, bitumen, and specialty petroleum products. The company also operates fuel distribution (Opet), maritime and rail logistics (Ditaş, Körfez Ulaştırma), electricity generation (Entek), and international product trading (Tüpraş Trading Ltd.).
Is Tüpraş a public or private company?
Tüpraş is a public company. It is classified as public and is currently operating.
When was Tüpraş founded?
Tüpraş was founded in 1961. It employs 1,001 to 5,000 people.
Where is Tüpraş based?
Tüpraş is headquartered in Körfez.
How does Tüpraş make money?
Four revenue lines are on record. Petroleum Refining and Product Sales are the primary driver. The others are international Trading (Tüpraş Trading Ltd.), electricity Generation (Entek) and logistics Services.
Who are Tüpraş's main competitors?
Direct peers on record are PKN Orlen, Hellenic Petroleum (HELPE), MOL Group, Saras S.p.A., Motor Oil Hellas and SOCAR Turkey (STAR Rafineri). Broad incumbents are TotalEnergies and Repsol. Neste Oyj is listed as an emerging player. Koç Holding (Parent / Group) is listed as an others.
Does Tüpraş have an API?
No public API is recorded for Tüpraş.
What industry is Tüpraş in?
Tüpraş's product category is Petroleum Refining. Its primary akta.pro industry code is EUALAGAD, Distillation & Fractionation (Crude, Condensate & NGL Splitters), with a secondary code of EUALAGAC, Deep Conversion & Resid Upgrading (Delayed Coking, Visbreaking, Solvent Deasphalting). Its NAICS code is 324110 and its SIC code is 2911.