The Regulation on Amending the Petroleum Market Licensing Regulation was published in the Official Gazette No. 31464 dated April 24, 2021.
Except for refinery, transmission, storage, processing, distributor and those whose field of activity is only mineral oil, in the Regulation, the applicant legal entity regarding the bunker delivery licenses; In accordance with the provisions of the Turkish Commercial Code, it must be a joint stock company or a limited company and its minimum paid-in capital must be 75,000,000 TL for a refinery license, 2,000,000 TL for transmission license, 3,000,000 TL for storage license, 1,500,000 TL for processing license, 20,000,000 TL for distributor license and 6,000,000 TL for the bunker delivery license and applications made by state-owned enterprises will be excluded.With the aforementioned amendment, excluding those with an annual mineral oil production capacity of 50.000 tons or over 25.000 tons of base oil recycling capacity from waste related to the capacity report to be submitted in mineral oil license applications; It was stipulated that the production competency score of those who will be engaged in the production of base oil from waste mineral oil must be at least 55% and the production competency score for other mineral oil license applications must be at least 50%. A clause was added to the 24th article of the regulation, which includes the obligation to use base oil produced from waste mineral oil as a raw material in the production of mineral oil at the same facility, excluding those who have license holders with an annual base oil production capacity of over 5,000 tons.
It was announced that the amendments made with the said regulation will come into effect as of April 24, 2021 and the provisions of this regulation will be implemented by the President of the Energy Market Regulatory Authority.
Announcements & News
