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Tukuaz Petrol to invest $100mn in Turkish forecourt network

Turkish fuel retailer Turkuaz Petrol will invest $100mn on new service stations and rebranding others after its $139mn acquisition of Türkiye Petrolleri, reports PetrolPlaza. The announcement will see over 700 dealerships united under the Türkiye Petrolleri brand. Çağdaş Demirağ, General Manager of the Turkuaz Petrol and Türkiye Petrolleri companies, is reported to have stated that the merged operation aims to become one of the top three fuel distributors in Turkey, with plans to continue acquiring competitors.

News Item details


Journal title: Petroleum Review

Countries: Turkey -

Subjects: Transport fuels, Forecourt retailing

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