TPAO or Turkish Petroleum Corporation has been established in order to perform hydrocarbon exploration, drilling, production, refinery and marketing activities on behalf of the Turkish Republic with the law 6327 in 1954.
Many milestones in Turkish Petroleum Industry has been brought to real by TPAO. Foundation of industry giants like PETKİM, TÜPRAŞ, PETROL OFİSİ are amongst these milestones.
TPAO continued exploration, production, refining, marketing and transportation activities until 1983 as an integrated oil company. TPAO has been acting as a state owned exploration and production oil company since the legal regulations made in 1983 and some other more recent changes.
TPAO’s primary goal is to reduce Turkey’s oil and gas import.
Exploration
In 2013, the company purchased the
seismographic research/survey vessel RV ''Barbaros Hayreddin Paşa'' worth US$130 million for gas and oil field exploration in
Black Sea
The Black Sea is a marginal sea, marginal Mediterranean sea (oceanography), mediterranean sea lying between Europe and Asia, east of the Balkans, south of the East European Plain, west of the Caucasus, and north of Anatolia. It is bound ...
and the
Mediterranean Sea
The Mediterranean Sea ( ) is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean basin and almost completely enclosed by land: on the east by the Levant in West Asia, on the north by Anatolia in West Asia and Southern Eur ...
.
Fleet
Projects
Azerbaijan
Azerbaijan, officially the Republic of Azerbaijan, is a Boundaries between the continents, transcontinental and landlocked country at the boundary of West Asia and Eastern Europe. It is a part of the South Caucasus region and is bounded by ...
projects:
*
Azeri–Chirag–Guneshli project with 5.73% share
*
Shah Deniz gas field project with 19% share
*
Baku–Tbilisi–Ceyhan pipeline
The Baku–Tbilisi–Ceyhan (BTC) pipeline is a long crude oil pipeline from the Azeri–Chirag–Gunashli oil field in the Caspian Sea to the Mediterranean Sea. It connects Baku, the capital of Azerbaijan and Ceyhan, a port on the south-easte ...
project with 6.53% share
*
South Caucasus Pipeline project with 9% share
* Alov Exploration project with 10% share
Iraq
Iraq, officially the Republic of Iraq, is a country in West Asia. It is bordered by Saudi Arabia to Iraq–Saudi Arabia border, the south, Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq border, the east, the Persian Gulf and ...
projects:
* Badra Oil Field Development project with 10% share
* Missan Oil Field Development project with 11.25% share
* Siba Gas Field Development project with 40% share
* Mansuriya Gas Field Development project with 37.5% share (operator)
Russia
Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...
project:
TPAO acquired 49% of shares in MOL's BaiTex LLC, which holds the hydrocarbon licenses for Baituganskoye field and Yerilkinsky block in the Volga-Ural region, Russia.
Finance
In 2019, TPAO made an operating loss of 239 thousand lira for each of its 3,700 employees.
References
External links
Company website
{{DEFAULTSORT:TPAO
Oil and gas companies of Turkey
Ministry of Energy and Natural Resources (Turkey)
Companies based in Ankara
Energy companies established in 1954
Non-renewable resource companies established in 1954
1954 establishments in Turkey