Energy
Doğan Holding places its strategic focus on its investments in the energy sector. Having adopted the principles of proactivity , creating added value and marking a difference in all its operations, Doğan Holding stepped into energy sectorin 2000 acquiring 51% stake in Petrol Ofisi A.Ş., an oil and gas distribution company.
Doğan Holding decided to focus on two areas in energy sector: oil and gas and, electricity. Doğan Holding manages its oil and gas distribution and production activities jointly with its partner OMV under Petrol Ofisi. As part of its target to become a regional power, Petrol Ofisi commenced oil distribution activites in Georgia in 2007 and continues to look for investment opportunities in international oil and gas arena.
In 2006 Dogan Holding concentrated on privatization tenders for electricity distribution regions; however, following the postponement of tenders in early 2007, moved its priority to electricity generation investments. In this field, Doğan Holding acquired 25% stake in the company which obtained generation license for Aslancık hydroelectric power plant with a production capacity of 120 MW and 33% stake in another company which obtained generation license for Boyabat hyrdoelectric power plant with a production capacity of 510 MW.
Collabrating with experienced strategic partners in both areas of energuy sevtor, Doğan Holding progresses towards its target to become a regional power in the energy sector. Through its investments, Doğan Holding aims to carry its current achievements into the future, and Turkey into the international energy platform.
Petrol Ofisi
Turkey’s leading institution in oil sector, Petrol Ofisi A.Ş. was founded in 1941 and became a joint stock company in 1983. The company is engaged in local and international procurement, distribution, storage and sale of oil; sale of refinery by-products; production and blending of all kinds of lubricants, greases and their by-products, establishment of necessary facilities for production, blending, retailing, wholesaling, and import or export thereof.
Electricity Investments
Turkey has recently been experiencing a supply shortfall issue due to pace of investment that failed to match the pace of demand in the electricity sector. This leads to price increase expectations, which in turn drives the private sector to use all available resources for significant level of investments in electricity generation.