Total Oil Türkiye – GC Powerlist
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Turkey Teams 2016

Total Oil Türkiye

| Total Oil Türkiye

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Turkey Teams 2016

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Total Oil Türkiye

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Possibly the largest project for the legal team at Total Oil Türkiye, the Turkish subsidiary of the world’s fifth largest oil company Total, was the sale of shares in April 2016 to Demiroren Group, one of the oldest petroleum and liquefied petroleum gas market players in the country, and the spin-off activities related to the deal. In another example of legal’s value to the company came when the Turkish Competition Authority rendered a strict decision that diminished the entire supplier-retail relationship to a maximum of period five years in 2010. The legal team were involved on the issue of cancelled contracts and drafting and filing the relevant lawsuits. Nowadays, they have started to obtain the final court decisions which is substantially relieving the company of costs. In a highly regulated industry, having regular contact with board of directors and CEO has been essential for the team of four lawyers as they regularly speak to senior management regarding EMRA and Competition Authority regulations and succeeded in rendering further benefits for the company through achieving a Competition Board decision regarding a new retail model in the Turkish oil distribution market called “agency”.

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