by Lit » Fri Jul 17, 2009 7:11 pm
TPAO was given permission from the Turkish Council of Ministers to explore oil in the Mediterranean Sea outside the territorial waters of Turkey
Under the title Retaliation to the Greek Cypriots in the Mediterranean, Turkish Cypriot daily Halkin Sesi newspaper (17.07.09) reports that the Turkish Petroleum Corporation (TPAO) will carry out geological explorations in an area of 980 thousand 875 hectares in the international waters of the Mediterranean Sea and an oil operation in an area of one million 237 thousand and 948 hectares. The decisions of the Council of Ministers on this issue have been published in the Official Gazette. According to these decisions, TPAO was given permission for carrying out explorations for one year in the Mugla and Antalya Oil Areas.
Moreover, Ankara Anatolia news agency (16.07.09) reported the following from Ankara: The Turkish petroleum corporation will explore oil in some regions of the Mediterranean Sea, outside the Turkish territorial waters.
The Turkish Petroleum Corporation (TPAO) will also explore oil in the international waters of the Mediterranean Sea, particularly in international waters around the Aegean province of Mugla and the southern province of Antalya for one year.
The cabinet decree, that allowed TPAO to explore oil in international waters of the Mediterranean Sea, took effect after it was published in Thursday's Official Gazette.
TPAO was founded in 1954 with the responsibility of being involved in hydrocarbon exploration, drilling, production, refinery and marketing business as Turkey's sole national company.
Until 1983, as an integrated oil company, it was engaged in all the activity fields of oil industry from exploration to production, from production to refinery, from refinery to marketing and transportation. Today, TPAO is national oil company involved merely in upstream (exploration, drilling & production) sector.
To ensure the energy security supply of the country, TPAO conducts its international activities especially in the Caspian Region, North Africa and the Middle East. In this context, TPAO carries out its exploration and production activities in Azerbaijan, Kazakhstan and Libya. TPAO is also in contact with Syria, Turkmenistan, Georgia, Iraq, Egypt, Russia and Algeria to initialize new projects.