TPAO maintains business in Azerbaijan, Iraq, Russia, Libya and Afghanistan in order to ensure Turkey`s crude oil and natural gas demand.
Next year the company will invest $243 million in natural gas exploration in Turkey as it aims to increase the yearly production volume to 28.5 million barrels in 2017.
TPAO owns a 6.75% share in Azeri–Chirag–Gunashli project, a 19% share in Shah Deniz gas field and South Caucasus Pipeline projects, and a 6.53% stake in Baku–Tbilisi–Ceyhan pipeline.
TPAO to invest nearly $1.7 bn in its projects next year, including in Azerbaijan
12 November 2016
Read: 1671
The Turkish Petroleum Corporation (TPAO) will spend 1.691 billion U.S. Dollars in oil and natural gas exploration and production projects in Turkey, Azerbaijan and other countries.
