Vitol completed the acquisition of Petrol Ofisi from OMV for $1.44bn.

Vitol Investment Partnership, an investment vehicle sponsored and managed by Vitol, completed the acquisition of OMV Petrol Ofisi, a provider of fuel products and distribution services, from OMV, an international integrated oil and gas company, for $1.44bn. “This is a strong business in a growing market. Its market-leading brand has benefitted from OMV’s focus on high standards of HSSE. We are committed to maintaining this excellent track record and greatly look forward to working with the Petrol Ofisi team to capitalise on Turkey’s strong economic performance and growing demand for energy products,” Ian Taylor, Vitol President & CEO.