Related Articles
Forward article link
Share PDF with colleagues

Turkey's state firms TPAO and Botas seek opportunities abroad

With an energy-hungry domestic market to feed, TPAO and Botas see opportunities abroad, especially in Iraq

Turkey's upstream-focused NOC, Turkish Petroleum Corporation (TPAO) dominates the Turkish hydrocarbons landscape, producing three-quarters of the country's total crude output of about 310,000 barrels a day (b/d) in 2012. But the state-owned player, which still enjoys preferential rights in the semi-liberalised domestic market, has planted its footprint further afield in recent years, allying itself with supermajors Shell and ExxonMobil and extending its reach into Libya, Azerbaijan, Colombia and Kazakhstan and - crucially - Iraq. This overseas reach mirrors the shifts in the Turkish state's relationships with its neighbours, and the growing strength of Turkey's economy during 10 years of A

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad