Fuel Sector

With varying levels in 2019, crude oil price was 9% lower than 2018 with an average of US$ 64.3 per barrel.

According to the data of Energy Market Regulatory Authority (EMRA) for December 2019, consumption of petroleum products in Turkey was 29.9 million tons, up by 2.2% compared to the previous year. Decreasing to 24.9 million tons down by 0.4% compared to the previous year, diesel had the highest share in annual consumption. Gasoline consumption increased by 3.2% to 2.4 million tons.

Turkey is one of the countries where LPG is widely used. Approximately 25% of the LPG consumed in our country is produced at the refineries in the country, and the rest is imported. According to the data of EMRA for December 2019, total LPG demand in Turkey is distributed as 80% autogas, 18% LPG and 2% bulk gas.

In 2020, Güzel Enerji Akaryakıt A.Ş. (Total Stations- MOIL), directly affecting more than 30 major sectors, having a network of more than 900 stations in Turkey and among the strongest players of the autogas sector, and Milangaz, operating in autogas, bottled LPG, bulk gas and wholesale segments in 81 cities and more than 950 districts of Turkey for 60 years, joined the OYAK Energy Group Companies.

As of August 2020, OYAK decided to maintain TOTAL and MOIL brands and to merge all operations of these brands under Güzel Enerji Akaryakıt A.Ş., and the transaction aimed to increase efficiency and synergy.

Milangaz is one of the industry’s most prominent players in the bottled LPG and autogas market, and has one of Turkey’s most widespread and powerful logistics networks with five sea terminals, an LPG storage capacity of 130,000 m3, 19 tube filling facilities, more than 550 autogas dealers and approximately 1,200 tube gas dealers.

Turkish Electric Energy Sector

According to the electric energy sector data for 2019 announced by Enerji Piyasaları İşletme A.Ş., total electricity consumption maintained its level compared to the previous year and realized as 300.2 billion kWh.

As of the end of 2019, the total installed capacity with licensed and unlicensed production in Turkey is 91,532 MW, up by 3.2% compared to 2018.

The increase in installed capacity in 2019 compared to the previous year is 2,826 MW. There was an increase of 907 MW in thermal installed capacity, 203 MW in hydraulic installed capacity, 255 MW in geothermal installed capacity, 919 MW in installed capacity of solar power plants, and 542 MW in installed capacity of wind power plants. As of the end of 2019, the total installed capacity of unlicensed power plants increased by 17% to 6,309 MW.

In 2019, natural gas plants accounted for 19% within the total electricity generation while hydroelectric plants accounted for 31%, imported coal plants accounted for 21%, lignite plants accounted for 16% and other plants accounted for 13%.

While İSKEN, one of the companies of OYAK engaging in activities in the electric energy sector, is one of the largest international investments of our country in this sector, it is also one of the largest thermal power plants of our country.

OYAK Energy, the holder of Supply License, operates in the field of wholesale and retail electricity supply. The company has started electricity supply activities primarily to OYAK Group Companies since April 1, 2018, and continues its activities after the improvements made in 2019.  

OYAK Energy Group,

· Has one of the largest thermal power plants in Turkey. İSKEN Sugözü Power Plant is located at Sugözü in İskenderun and meets 3% of the total electricity need of Turkey with a total net installed electricity generation capacity of 1,308 MW.

· With its basic principle to generate environment friendly energy in a healthy and safe work environment and its “Energy Management” approach, İSKEN provides customers with electrical energy supply and other related electricity market services in the wholesale and retail electricity market.

Energy Companies