Summary of Proposed Investment
Project Number
25395
Company Name
DELTA RUBIS PETROL TICARET VE SANAYI ANONIM SIRKETI
Date SPI Disclosed
May 31, 2007
Country
Turkiye
Industry
Manufacturing
Projected Board Date
Jun 30, 2007
Status
Completed
Sector
Other Petroleum and Coal Products
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Oct 11, 2007
Signed : Oct 17, 2007
Invested : Nov 29, 2007
Project Description
The project entails a $45 million corporate loan to Delta Petrol Urunleri Ticaret A.S (Delta). The proceeds of the loan will be used:
- to expand the company’s current 300,000 m3 Dortyol Petroleum Products Storage Terminal, through the construction of an additional 300,000m3 of capacity, in addition to a jetty with three berthing stations, with capacity to load and discharge vessels of up to 165,000 dwt; and
- to expand Delta''s petroleum products distribution network, through its “Gulf” branded service stations.
Delta engages in three related business lines:
- storage of petroleum products at its Dortyol storage facility, in Iskanderin Bay, in the eastern Meditteranean;
- trading and transport of petroleum products, primarily based on sales to, or purchases from, Iraq over the Iraq / Turkey Northern Corridor, supported by a fleet of Delta-owned LPG trailers, and a transport contracting operation; and
- distribution of petroleum products in Turkey, through a network of “Gulf” and Delta branded service stations.
- to expand the company’s current 300,000 m3 Dortyol Petroleum Products Storage Terminal, through the construction of an additional 300,000m3 of capacity, in addition to a jetty with three berthing stations, with capacity to load and discharge vessels of up to 165,000 dwt; and
- to expand Delta''s petroleum products distribution network, through its “Gulf” branded service stations.
Delta engages in three related business lines:
- storage of petroleum products at its Dortyol storage facility, in Iskanderin Bay, in the eastern Meditteranean;
- trading and transport of petroleum products, primarily based on sales to, or purchases from, Iraq over the Iraq / Turkey Northern Corridor, supported by a fleet of Delta-owned LPG trailers, and a transport contracting operation; and
- distribution of petroleum products in Turkey, through a network of “Gulf” and Delta branded service stations.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Mustafa Asur
Managing Director
Delta Petrol
Urunleri Ticaret Anonim Sirketi,
Piyalepasa Bulvari Kastel Is Merkezi Delta Plaza,
34440 Kasimpasa, Istanbul,
TURKEY
Telephone: 90212 253 6225
Fax: 90212 253 4966
Mr. Sinan Dalli
CFO and Member of Executive Board
Delta Petrol
Urunleri Ticaret Anonim Sirketi,
Piyalepasa Bulvari Kastel Is Merkezi Delta Plaza,
34440 Kasimpasa, Istanbul,
TURKEY
Telephone: 90 212 254 54 14
Fax: 90 532 296 7449
Managing Director
Delta Petrol
Urunleri Ticaret Anonim Sirketi,
Piyalepasa Bulvari Kastel Is Merkezi Delta Plaza,
34440 Kasimpasa, Istanbul,
TURKEY
Telephone: 90212 253 6225
Fax: 90212 253 4966
Mr. Sinan Dalli
CFO and Member of Executive Board
Delta Petrol
Urunleri Ticaret Anonim Sirketi,
Piyalepasa Bulvari Kastel Is Merkezi Delta Plaza,
34440 Kasimpasa, Istanbul,
TURKEY
Telephone: 90 212 254 54 14
Fax: 90 532 296 7449
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster