Saudi Aramco is in advanced talks to buy ~30% of OYAK's GüzelEnerji, Türkiye's 4th-largest fuel distributor (1,055 stations, ~8-9% market share).

INTELLIGENCE SUMMARY

Saudi Aramco is in advanced talks to buy ~30% of OYAK's GüzelEnerji, Türkiye's 4th-largest fuel distributor (1,055 stations, ~8-9% market share). Aramco executives have visited key terminals. If completed, TotalEnergies branding at stations could switch to Aramco. This would be Aramco's first major entry into Türkiye's downstream market after losing the Petrol Ofisi bid in 2017. No deal signed yet, Competition Board approval still needed.