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Monday, November 01, 2010

Foreign companies rule Turkish fuel retail market

"Foreign companies rule Turkish fuel retail market

Austria’s OMV increases its stake in Turkey’s biggest fuel retailer Petrol Ofisi to 95.75 percent, as it purchases Doğan Holding’s stake for 1 billion euros. With the acquisition, nearly 70 percent of the Turkish retail fuel market will be controlled by foreign companies. PO has 3,140 fuel oil stations in Turkey"

More:Foreign companies rule Turkish fuel retail market - Hurriyet Daily News and Economic Review