Türkiye’s state-owned Turkish Petroleum Corporation (TPAO) has acquired a 33 percent stake in the oil and natural gas exploration license for the Khan Tervel Block in Bulgaria’s Black Sea waters, the Turkish Energy and Natural Resources Ministry announced on July 31.

Türkiye’s state-owned Turkish Petroleum Corporation (TPAO) has acquired a 33 percent stake in the oil and natural gas exploration license for the Khan Tervel Block in Bulgaria’s…

Türkiye's state-owned oil and gas giant is widening its international footprint from onshore production to offshore exploration, following its entry...