The British energy company bp (British Petroleum) has decided to withdraw from the Turkish market by completely transferring its fuel and terminal operations in Turkey to the Petrol Ofisi Group (PO), as part of its global sustainable energy strategies and portfolio optimization. The official timeline of the process is as follows:
- Official Sale/Withdrawal Decision and Signing: November 14, 2023
- bp signed the share purchase agreement with Petrol Ofisi on this date for the transfer of its 770 fuel stations and assets in Turkey.
- Regulatory (Competition Authority) Approval: September 12, 2024
- The relevant official authorities granted legal approval for the transfer and market share transition operations.
- Operational Closure and Complete Evacuation: November 4–5, 2024
- Share transfers and financial transactions were fully completed, and bp entirely terminated its 111-year operational presence in Turkey, withdrawing from the market.
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