Turcas Holding A.S.

Founding of the first private oil company of Turkey, Türkpetrol.

Opening of fuel lubricants storage facility in Üsküdar.

Opening of fuel lubricants storage facility in Bayraklı, İzmir.

Production of lubricant from olive oil for the first time in Turkey due to the challenges experienced in the World War II period.

Opening of the fuel storage facility in Mudanya.

Engaging with UK-based Burmah Castrol in lubricants.

Founding of Marmara Petrol and Refining Corporation as a subsidiary of Türkpetrol.

Commencement of operations at ATAŞ Anadolu Refinery.

Emerging of the Alevgaz brand and commencement of Turkpetrol’s LPG market operations with it.

Founding of Turkish Petrol Foundation

Founding of TABAŞ Petrol.

Inauguration of the Yarımca Lubricant Blending Plant with 35,000-ton capacity.

Founding of Turcas Holding as a Türkpetrol – Burmah Castrol joint venture.

Initial public offering of Turcas Holding on the Istanbul Stock Exchange.

Purchasing of the Turcas stakes by TABAŞ.

Merger of Tabaş Petrol and Turcas Holding under Tabaş and renaming of the company as “Turcas Holding” in the same year.

Commencement of operations at Shell & Turcas, a joint venture between The Shell Company of Turkey Ltd. and Turcas Holding, with nearly 1,300 fuel stations nationwide.

Termination of ATAŞ refining licence by the partners and conversion of the site into an oil terminal.

Founding of SOCAR & Turcas Energy (STEAŞ) as a joint venture between Turcas Holding and SOCAR, the State Oil Company of the Azerbaijan Republic.

Acquisition of a 51% stake in Petkim by SOCAR & Turcas Petrochemicals for USD 2.04 billion.

Establishment of a joint venture between Turcas and E.ON of Germany for power generation investments.

Founding of the SOCAR & Turcas Refinery (STRAŞ) joint venture company to build a new refinery with a 10 million ton/year capacity within the Petkim complex.

German RWE becomes the new partner of Turcas by acquiring E.ON’s stake in the joint venture.

Renaming of SOCAR & Turcas Refinery, an 18.5% subsidiary of Turcas Refinery Investments as “STAR Refinery”.

Turcas Holding is recognized for recording the greatest improvement in its Corporate Governance Rating Score within one year.

Groundbreaking of the STAR Refinery.

Start of construction of the 775 MW Denizli Natural Gas Fired Combined Cycle Power Plant by the RWE & Turcas joint venture.

Commencement of commercial operations at the 775 MW Denizli Natural Gas Fired Combined Cycle Power Plant as an investment of RWE & Turcas Güney Elektrik Üretim A.Ş.

Turcas Holding’s first credit rating assignment by Fitch Ratings, a credit rating company.

Founding of Turcas Kuyucak Geothermal Power for exploration of geothermal resources at Kuyucak district, Aydın province.

Four successful exploratory drillings in Kuyucak, Aydın.

Turcas Holding’s Corporate Governance Rating Score rises to 9.35 out of 10.

Turcas Holding’s 18.5% stake in STAR Refinery is sold to SOCAR.

Turcas Holding increased its equity stake in Turcas Kuyucak Geothermal from 46% to 92% and became the majority shareholder.

Eight successful exploratory drillings in Kuyucak, Aydın, (with the final investment decision for the 18 MW geothermal power plant project) and closure of the financing.

Turcas Holding’s paid-in capital increased from TL 225 million to TL 270 million via bonus issue.

Turcas maintains its title as the “Highest Corporate Governance Rated Energy Company in Turkey” Corporate Governance Principles Compliance Rating increased for eight consecutive years and rose to 9.57

Launch of commercial operations at the 18 MW installed capacity Turcas Kuyucak Geothermal Power Plant

Provisional Acceptance of geothermal power plant in Aydın Kuyucak, which we own 92% stake, has been completed for 10 MW installed capacity

Turcas Holding’s Corporate Governance Rating Score rises for the seventh consecutive year to 9.48 out of 10.

Start of commercial operations at Turcas Kuyucak Geoethermal Power Generation under the Renewable Energy Sources Support Mechanism (YEKDEM)

Turcas Power Generation and Turcas Energy Holding’s merger with Turcas Holding A.Ş.

Turcas Holding’s equity stake in Turcas Kuyucak Geothermal Power Plant rises from 92% to 100%.

Commissioning of the 8th production well and in-well production pumps.

Sale of 100% shares of Turcas Kuyucak Geothermal Power Plant to Albioma SA, a French energy company listed in Euronext Paris.

Turcas' Corporate Governance Compliance Rating Score increased to 9.60.

A sustainability plan has been created and the first Turcas Holding Sustainability Report has been published.

Repayment and closing of all project finance loans used for the Denizli Natural Gas Combined Cycle Power Plant and switching to Net Cash position.

Turcas International Holding is established and starts global investments through a participation in a high-end residential project located at 242 East 71st Street, Manhattan, New York

Received the “Equal Women at Work” Certification

RWE & Turcas starts to invest in a 20 MW Hybrid Solar Power Plant

Turcas Petrol changes title to Turcas Holding and expands its investment fields

Turcas’ Corporate Governance Compliance Rating Score increased to 9.66