Turkiye Petrol Rafinerileri AS - Company Profile
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Business Description
Turkiye Petrol Rafinerileri AS (Tupras) is an integrated energy company. Its operation includes crude oil refining, production and sale of refined petroleum products, retail sale of petroleum products, warehousing and international trade, marine and land transportation, electricity generation, and engineering and consultancy for energy projects.
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R&D Overview
Tupras focuses on integrating innovative ideas into its operations to produce value-added and sustainable products. The company invests in R&D to support sustainability and profitability in refinery activities, focusing on areas such as sustainable refining, digital solutions, commercial solutions, carbon capture, clean hydrogen, renewable fuels, zero-carbon electricity, energy efficiency, circular economy, and innovative process technologies. Tupras collaborates with international stakeholders and participates in various projects to advance its technological competencies and contribute to the sectors it operates in. The R&D activities of Tupras are managed by autonomous teams at the Tupras R&D Center. The center is responsible for supporting sustainability and profitability in refinery activities through sustainable refining, digital solutions, and commercial solutions teams. Additionally, the center focuses on investment areas within the company's Strategic Transition Plan, including carbon capture, clean hydrogen, renewable fuels, zero-carbon electricity, energy efficiency, circular economy, and innovative process technologies. It also had over 104 patent and utility model applications along with 73 active patents. It partners with various organisation for research, this includes Koc University, ITU, and participation in Horizon Europe projects. In FY2025, the company spent TRY235.5 million, which as a percentage of revenue stood at 0.02% and grew 2.7% YoY.
Business Segments
Overview
It primarily operates through the company's Entek which offers electricity to seven different cities with 11 power plants in Turkiye. The key brand associated with this segment is Entek.
Performance
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Overview
Involved in the production and distribution of various petroleum products. It serves a wide range of industries including transportation, manufacturing, and energy. The segment operates in Turkey and delivers its products to customers in 15 countries across four continents. Some of the products are LPG, fuel oil, base oils, waxes, extracts, bitumen, and bituminous binders.
Performance
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Geographical Segments
Performance
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Performance
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