Tüpraş

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

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

• Petroleum refining
• Motor fuels
• LPG production
• Bitumen products
• Refined base oils

Headquarters

HQ city

Körfez

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

17 partnerships are on record, tiered core and minor.

• Pegasus Hava Yolları (Pegasus Airlines)coreStrategic or Co-development Partner · 30 December 2025Pegasus 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)coreStrategic or Co-development Partner · 10 June 2025Good faith agreement for Sustainable Aviation Fuel (SAF) to contribute to Turkey's carbon neutral target and aviation sector decarbonization.
• HoneywellcoreTechnology or IntegrationStrategic cooperation for biofuel production technology. Received Turkish-American Business Council prestigious award for the partnership. Focus on sustainable aviation fuel and renewable fuel production.
• OpetcoreChannel Partner/ Reseller/ DistributorOpet 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 DenizcilikcoreChannel Partner/ Reseller/ DistributorMaritime transport subsidiary - 17 Turkish-flagged tankers with 711,891 DWT total capacity. Provides shipping, broking, agency, vetting, and tugboat services. Nearly 816 employees.
• Körfez UlaştırmacoreChannel Partner/ Reseller/ DistributorTurkey'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)minorStrategic or Co-development PartnerCollaboration 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)minorStrategic or Co-development PartnerCollaboration for Basic Refining Internship Program for vocational school students combining theoretical and practical training at refineries.
• Kırıkkale Üniversitesi (Kırıkkale University)minorStrategic or Co-development PartnerJoint 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)minorStrategic or Co-development PartnerMultiple 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 EuropecoreStrategic or Co-development PartnerTüpraş joined Hydrogen Europe as member to support strategic transformation plan and 2050 carbon neutral target. Participates in European green hydrogen development efforts.
• Water EuropecoreStrategic or Co-development PartnerTüpraş 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 KulübücoreGTM or Marketing PartnerStadium 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 KulübüminorGTM or Marketing PartnerHeForShe movement partnership with UN Women. Joint events for Women's Day. Amateur sports sponsorship.
• TCDD (Türkiye Cumhuriyeti Devlet Demiryolları)minorStrategic or Co-development PartnerRailway safety awareness collaboration - 'Hemzemin Geçitlerde Emniyet Farkındalığı Projesi' (Railway Crossing Safety Awareness Project) with Körfez Ulaştırma.
• Yapı Kredi YayınlarıminorGTM or Marketing PartnerCultural sponsorship - 'Anadolu Uygarlıkları' (Anatolian Civilizations) 12-book series, published since 2011. Final volume 'Pamphylia' published 2024.
• Koç HoldingcoreOthersTüpraş 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

Direct 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

• LinkedInlinkedin.com/company/tupras/jobs
• Xx.com/tupras

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tüpraş