Activity Fields


Energy Sector

With our investments, strong brands and customer focus, we are the energy of a growing Turkey.  

Brent oil price started 2023 in the order of USD 81.2 per barrel. During the course of the year, crude oil prices were supported by the worldwide demand for crude oil that hit an all-time high, coupled with the deepened voluntary supply cuts of OPEC+. Having gone up to as high as USD 97.9 per barrel during the reporting period, Brent crude oil price loosened to USD 77.6 per barrel at the end of December owing to the refinery maintenances and continued increase in production by non-OPEC+, despite the support lent by the risk premium that increased in connection with IsraelPalestine conflict in the last quarter. At 82.6 USD/barrel, the annual average price of crude oil was 18.4% lower than it was in 2022.

Crack margins continued to support refineries’ profitability with the effect of the solid demand in Asian and European markets.

According to Energy Market Regulation Agency (EMRA)’s December data, jet fuel demand in Turkey was up 16.8% yearon-year to 5.4 million tonnes and gasoline consumption increased by 23.6% to 4.1 million tonnes in 2023, while diesel consumption was up by 6% to 26.0 million tonnes.

Companies and Brands

Koç Group in Energy Sector

Koç Group continues to play a leading role to meet Turkey’s demand for petroleum fuel products.

Turkey’s biggest refining capacity

#1 LPG distribution company 
#1 Cylinder gas 
#1 Autogas

#2 fuel distribution company

The growing player in power generation

Developments in the Electricity Sector

According to the Turkish Electricity Transmission Corporation (TEİAŞ) data, of the installed capacity, 30% consisted of hydroelectric power plants, 24% of natural gas power plants, 20% of coal power plants, 11% of wind power plants, 11% of solar power plants and 4% of other renewable and thermal power plants. Electricity consumption in 2023 in Turkey was 0.2% lower than the previous year and was recorded as 330 TW hours.

Developments in the LPG Sector

Turkey is the 10th largest LPG market in the world and the 2nd largest in Europe.

According to the World LPG Association (WLPGA) data released in 2023, Turkey is the world’s 2nd largest in autogas consumption after Russia. Turkey also has the world’s largest LPG vehicle fleet and the widest LPG station network.

According to EMRA’s December data, LPG consumption in 2023 grew 14% year-over-year to reach 4.4 million tonnes, and the autogas market expanded by 13.5% to 3.5 million tonnes, whereas cylinder gas market was up by 1.5 % to 0.6 million tonnes in 2023.

Turkey’s total LPG demand was split as 80% autogas, 14% cylinder gas and 6% bulk.