Terpel

Terpel
Type	Public
Traded as	BVC: TERPEL
Industry	Oil and gas
Founded	March 13, 1968, Bucaramanga, Colombia
Founder	Melba Mary Lorza Caicedo
Headquarters	Bogota, Colombia
Area served	Colombia, Panama, Ecuador, Chile, Mexico, Dominican Republic
Products	Fuels, Lubricants, Petrochemicals
Operating income	5 - 6 Billion USD per year
Owner	Private shareholders (under Empresas Copec Control)
Website	www.terpel.com

Terpel, formerly known as Organización Terpel S.A. (English: Terpel Organization), is a Colombian oil and gas company. In the last few years Terpel has acquired several companies outside of Colombia, most recently 200 gas stations in Chile.

Company history[]

Terpel was founded in 1968 as a solution to the shortage of gasoline in Santander, Colombia. The Terpel Bucaramanga Company was formed then with 20 service stations, with plans to expand to a national scale in future with the creation of 6 further "Terpeles" in different Colombian regions. Terpel began to strengthen its purpose: to be the fuel distributor known for its close client relationships and with a strong regional presence.

In 2001, the principal shareholders of Terpeles, integrated the 7 regional companies and created the Terpel Organization which was consolidated in 2004. The objective of this initiative was centered in obtaining unity of strategic business negotiation, administrative stability, generating synergies for their clients and to promote their brand to properly compete in a market that constantly demands a higher national presence.

The 19 of August 2014 Terpel started trading at the Colombia Stock Exchange. Due to the high volume of trades for the stock of the company in August 2015 it was included in the COLCAP index, which is composed by the 20 publicly traded companies in Colombia with the highest volume of trades.^[1]

References[]

^ "Terpel llega al Colcap". Mercado de Dinero (in Spanish). Ausbank publishing group. 27 August 2015. Archived from the original on 5 March 2016. Retrieved 14 September 2015.

External links[]

Terpel Official Site in Spanish

[1] "Terpel llega al Colcap". Mercado de Dinero (in Spanish). Ausbank publishing group. 27 August 2015. Archived from the original on 5 March 2016. Retrieved 14 September 2015.

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