Türkiye is accelerating the international expansion of its oil and gas industry through partnerships spanning different regions, from the Middle East and Africa to Europe and Central Asia, a top official said on Saturday, while also highlighting efforts to transform the Turkish Petroleum Corporation (TPAO) into a global energy company capable of producing 1 million barrels of oil equivalent per day (boe/d).
In an exclusive interview with Anadolu Agency (AA), Energy and Natural Resources Minister Alparslan Bayraktar said Türkiye is expanding its energy presence through partnerships onshore and offshore, from Kirkuk to Somalia, Libya to Oman, and Azerbaijan to Hungary.
He said Türkiye's overseas energy investments aim not only to increase oil and natural gas production but also to bring Turkish technical expertise, technology, capital and operational capabilities to international markets.
At the center of the strategy is the goal of transforming TPAO into an international energy company with daily hydrocarbon production of 1 million barrels of oil equivalent, Bayraktar said.
TPAO's combined domestic and international production currently stands at around 330,000 barrels of oil equivalent per day and is expected to approach 600,000 barrels per day by 2028 as output from the Sakarya Gas Field increases, he added.
