Türkiye expands energy reach thtough partnerships
This file photos shows Türkiye’s third drilling vessel Kanuni navigating through through the Bosphorus in Istanbul from the Marmara Sea to the Black Sea.
Türkiye is accelerating the international expansion of its oil and gas industry through partnerships spanning the Middle East, Africa, Europe and Central Asia, as it seeks to transform Turkish Petroleum Corporation (TPAO) into a global energy company capable of producing 1 million barrels of oil equivalent per day, Energy and Natural Resources Minister Alparslan Bayraktar has said.
Bayraktar said Türkiye is expanding its energy presence through partnerships onshore and offshore, from Kirkuk to Somalia, Libya to Oman and Azerbaijan to Hungary.
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.
