Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Number of gas stations to increase 20 percent

by Uğur Becerikli

ANKARA Jul 16, 2015 - 12:00 am GMT+3
No Image
by Uğur Becerikli Jul 16, 2015 12:00 am
The station automation systems, that were made mandatory after supervision and regulations in the oil market, have rendered all product movements in gas stations simultaneously controllable. The distribution market has grown despite the allegations that some companies will withdraw from it because of low profit margins.

With the intervention by the Energy Market Regulatory Authority (EPDK), troubles experienced regarding supervision ended in the fuel oil market, where the prices were set by an automatic price mechanism before 2003. Licensures and markers were supervised as part of fighting smuggled fuel, while the legislation issued as part of the EU harmonization process has expedited regulations in the market.

With the introduction of protective measures both for consumers and distributors, the number of distributors, wholesalers and dealers have increased. The number of dealers in the distribution market has reached 13,000, despite allegations that some companies will withdraw from the market because of low profit margins. According to the official data released by the EPDK, the number of distributers, wholesalers and refineries in the oil market has reached 82, 110, and six, respectively. A total of 28 transmission companies operate in the fuel oil market, where there are 12,951 gas stations.

All products and movements can be simultaneously monitored at gas stations by means of automated systems that have been set up in the nearly 13,000 gas stations. The installed storage capacity, which was 7.5 million cubic meters in 2005 annually, has surged to 10.8 million cubic meters. The storage capacity will reach 12.3 million cubic meters because of refinery investments in the near future and the number of gas stations will soar by approximately 20 percent.

With the objective of reducing dependence on foreign gas resources and ensuring the diversity of resources, a practice was launched in 2013 to mix gasoline types with ethanol derived from domestic agricultural products. Refineries and distribution license holders mixed 34,241 tons of ethanol with gasoline types in 2013 and this figure reached 55,388 tons in 2014. The size of the oil market exceeded TL 100 billion.

Meanwhile, the EPDK approved three and eight licenses in the oil and electricity market respectively, in addition to the one license given to the natural gas market. A total of eight and five licenses were cancelled in the electricity and oil market respectively, while two licenses were re-enacted. The EPDK imposed a fine of a total of TL 2,556,707 on five companies on charges of keeping a secret oil tank, continuing to use products that can be deceitfully added to gasoline, failing to take necessary measures, violating license regulations and laws, misusing oil, failing to submit progress reports to the EPDK, misusing licenses, fiddling with the law and failing to plead defense statements within the prescribed time. The EPDK requested defense statements from five companies and rejected one company's objection to the penalty fine.
  • shortlink copied
  • Last Update: Jul 16, 2015 11:27 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Deadly tornados ravage US states, leaving devastation behind
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021