[4] Vitol completed its acquisition of Petrol Ofisi from OMV AG in June 2017.

[5] It was established on February 18, 1941, as a state-owned company to import, stock, refine and distribute petroleum products.

[citation needed] On July 24, 2000, the company was privatized, and initially 51% of the shares were purchased by Doğan Holding.

On October 22, 2010 OMV announced that it will buy 54.17% shares from the Doğan Holding for the sum of EUR 1 Billion, setting its total stake in the company to 95.75%.

[8][9] Petrol Ofisi has acted as the main sponsor of the Formula One Turkish Grand Prix in 2006–2008.