OPET is a Turkish energy company focused on fuel distribution and petroleum logistics. It operates a nationwide network of service stations and supplies retail and commercial customers with gasoline, diesel, LPG, aviation, and marine fuels, supported by storage terminals and distribution infrastructure.
For the chemical industry, OPET participates—through affiliated entities and joint ventures—in the blending, packaging, and distribution of automotive and industrial lubricants and related specialties in Türkiye. Its lubricants portfolio serves OEMs, industrial users, and the automotive aftermarket across sectors such as manufacturing, mining, and transportation.
Completed takeover of Turkish JV, gaining full ownership of Istanbul-based entity and Aliaga (Izmir) plant. New MD Ahmet Oral from May 1. ~250 staff; ~€100M projected revenue.
FY2025: sales €3.56bn, EBIT €435m; EPS +2%; dividend +5% to €1.23/€1.22; free cash flow €316m. 2026 outlook: sales ~€3.7bn, EBIT ~€450m
The acquisition aims to enhance market position in Türkiye, leveraging strategic growth in industrial, OEM, mining, and automotive sectors. Completion expected by April 2026.
