Energy

Marine Fuel: 
Armarin Marine Fuel was conceived as a two parts diversified fuel sales firm to the domestic marine and international marine markets. 

The domestic marine fuel aspect of the business was established first in order to take advantage of a change in the Turkish government’s taxation of marine fuel.  Annual consumption in Turkey of marine fuel is approximately 250,000 m³ and total revenues are approximately US$ 250 million.  40% of the sector’s consumption is made by governmental organizations and the rest by the private sector. One of the major private sector market is fishing sector with a 75,000m³ of consumption (30% of the total market). The market annually grows 10%.