Powertrans is an

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturate ...

trading company in

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...

that was established in 2011. In a controversial move, the company was given a

monopoly A monopoly (from Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a speci ...

on all the road and rail transportation of oil into Turkey from

Iraqi Kurdistan Iraqi Kurdistan or Southern Kurdistan ( ku, باشووری کوردستان, Başûrê Kurdistanê) refers to the Kurdish-populated part of northern Iraq. It is considered one of the four parts of "Kurdistan" in Western Asia, which also inc ...

. Turkish media reported in 2014 and 2015 that Powertrans has been accused of buying oil from the

Islamic State of Iraq and the Levant An Islamic state is a state that has a form of government based on Islamic law (sharia). As a term, it has been used to describe various historical polities and theories of governance in the Islamic world. As a translation of the Arabic term ...

. Hacked e-mails have shown that Powertrans is connected to

Berat Albayrak Berat Albayrak ( born 21 February 1978) is a Turkish businessman and former politician, and the son-in-law of Turkish president Recep Tayyip Erdoğan. He is a former CEO of Çalık Holding. He was a member of parliament from Istanbul in the 25th, ...

, son-in-law of the president of Turkey,

Recep Tayyip Erdoğan Recep Tayyip Erdoğan (born 26 February 1954) is a Turkish politician serving as the 12th and current president of Turkey since 2014. He previously served as prime minister of Turkey from 2003 to 2014 and as mayor of Istanbul from 1994 t ...

. Albayrak had previously denied that he had any connection to Powertrans.

References

{{DEFAULTSORT:Powertrans Oil and gas companies of Turkey Energy companies established in 2011 Turkish companies established in 2011