Turkish Petroleum Company (TPAO) (Türkiye Petrolleri Anonim Ortakligi), Turkey

Turkish Petroleum Company (TPAO) (Türkiye Petrolleri Anonim Ortakligi), Turkey was established in the year 1954. This organization was created to serve the purpose of exploration of hydrocarbons, conducting drilling and production and refining processes and also the marketing of the products. Till 1983, Turkish Petroleum Company (TPAO) (Türkiye Petrolleri Anonim Ortakligi), Turkey performed the all the duties that ranged from exploration to marketing. Presently Turkish Petroleum Company (TPAO) (Türkiye Petrolleri Anonim Ortakligi), Turkey is a national oil company and is involved in the exploration of hydrocarbon and drilling and production processes. Turkish Petroleum Company (TPAO) (Türkiye Petrolleri Anonim Ortakligi), Turkey determines and fixes the oil and gas production targets for the purpose of meeting internal demand from the country's own resources. It also plays a major role in the Turkish oil market by studying the market conditions for the creation of a balanced and transparent oil market conditions, helping all companies involved in the oil and gas business in Turkey.

Turkish Petroleum Company (TPAO) (Türkiye Petrolleri Anonim Ortakligi), Turkey has the following main activities,

  • It is involved in the oil trade and transportation
  • It participates in the natural gas pipelines and crude oil projects
  • It is involved in the exploration of hydrocarbons, processes of drilling and production of hydrocarbons
  • It has the facilities to store natural gas

Turkish Petroleum Company (TPAO) (Türkiye Petrolleri Anonim Ortakligi), Turkey has the following operational goals

  • It aims to become an integrated oil company
  • This organization aims at increasing it's business efficiency as well as operational and organizational effectiveness.
  • It has a goal of increasing the natural gas and oil production and reserve.

The strategic goals of Turkish Petroleum Company (TPAO) (Türkiye Petrolleri Anonim Ortakligi), Turkey are,

  • Minimizing production decline by applying efficient technologies.
  • Increasing exploration activities at sites with potential hydrocarbon reserves
  • Intensifying exploration activities activities in offshore sites along with onshore sites in order to meet increasing demand.
  • Taking necessary steps in order to bring in recently discovered fields under the process of production.

Turkish Petroleum Company (TPAO) (Türkiye Petrolleri Anonim Ortakligi), Turkey plays a major role in the exploration of oil and natural gas in Turkey.