Turkish oil company Petrol Ofisi is seeking to achieve sales of $12 billion in 2008, after posting a 35% rise in net profit for 2007, reported PetrolWorld.

Petrol Ofisi, which is owned by Austrian energy firm OMV and Dogan Holdings, posted a net profit of $253 million in 2007, a 35% increase when compared to 2006, according to PetrolWorld.

The news source reported that the Turkish fuel retailer is seeking to invest $200 million in its domestic fuel distribution business in 2008, in a bid to increase its market share in Turkey from 34.5% at the end of 2007.