Energy companies top Turkey’s Fortune 500 list

Energy companies top Turkey’s Fortune 500 list

Energy companies top Turkey’s Fortune 500 list Seven energy companies have been listed among the top 10 largest companies in Turkey based on revenue, according to a Fortune 500 list announced on July 3.      

Turkey’s top oil refinery, TÜPRAŞ, ranked number 1 on this year’s list, published annually by the business magazine Fortune, which has a net sale revenue of 34.85 billion Turkish Liras ($9.89 billion) in 2016.      

According to the list co-compiled by two international credit information companies, CRIF and Dun and Bradstreet, energy exchange company EPİAŞ came second with 32.97 billion liras ($9.36 billion), followed by fuel oil distributor OMV Petrol Ofisi with 30.79 billion liras ($8.74 billion).      

The top five were last year’s firsts, state-owned pipeline operator BOTAŞ with 29.68 billion liras ($9.36 billion), and national flag carrier Turkish Airlines with 29.46 billion liras ($8.36 billion).      

OPET Petrol ranked sixth with 20.53 billion liras ($5.83 billion), while TETAŞ came ninth with 16.89 billion liras ($4.79 billion) and SHELL&TURCAS ranked 10th with 16.82 billion liras ($4.44 billion).      

BİM, a leading discount supermarket chain, is ranked seventh on the list, followed by Ford Otosan with 18.28 billion liras of revenue ($5.19 billion). 

Turkey’s top 500 companies increased their net sales by 9.4 percent in 2016 to 930.85 billion liras ($264.39 billion), while their exports increased by 6.74 percent, reaching 220.8 billion liras ($62.7 billion).      
Meanwhile, net profits for Turkey’s leading companies rose 48.5 percent to 42.5 billion liras ($12.1 billion).    
The Fortune 500 list includes publicly and privately held companies whose revenues are publicly available.