Site map
Contacts
Archive
Azərbaycan
versiyası






Top News

15.11.2016 12:07

Turkish petroleum corp to spend $1.7bn for exploration in 2017

Some $1.448 billion will be spent for exploration outside Turkey, according to the budget plan.

Turkish Petroleum Corporation (TPAO) will spend $1.691 billion for the exploration of oil and gas reserves in Turkey and foreign markets in 2017, according to the 2017 budget plan of Turkeys Ministry of Energy and Natural Resources, according to Trend.

Some $1.448 billion will be spent for exploration outside Turkey, according to the budget plan.

TPAO will continue its activity in Azerbaijan, Iraq, Russia, Libya and Afghanistan in 2017.

The corporation increased assets in Turkey by $462 million in 2015.

TPAO also plans to commission wells in the Black Sea together with Shell, an Anglo-Dutch multinational oil and gas company, in 2018.

TPAO participates in four projects in Azerbaijan: the development of the Azeri-Chirag-Gunashli block of oil fields, where it owns 6.75 percent of equity, the development of the Shah Deniz gas condensate field, where it owns 19 percent of equity, the development of the Alov-Araz-Sharg marine structures block (10 percent) and the Baku-Tbilisi-Ceyhan pipeline (6.53 percent).

all news





JOIN US!
Top news
TRAVEL PARTNER
Premier Tour
OFFICIAL HOTELS
Qafqazpoint


SheratonBaku
EXCHANGE RATES
  27/02/2021 28/02/2021
USD 1.7 1.7
EUR 1.8968 1.8968
GBP 2.1937 2.1937
RUR 0.0264 0.0264
WEATHER



      Caspian Oil & Gas Conference is Copyright © 2000-2021 All rights reserved. Hosted by VebTek