Middle East Economic Survey

VOL. LIII

No 1

4-Jan-2010

TURKEY

TransAtlantic Petroleum Secures Loan For Turkish Operations

Dallas-based TransAtlantic Petroleum on 21 December announced that it had secured a three-year senior revolving facility of up to $250mn with Standard Bank and BNP Paribas to fund the companys operations in Turkey. TransAtlantic said the funding had been arranged through its wholly-owned subsidiaries: Petroleum Exploration Mediterranean Pty Ltd, DMLP Ltd, Talon Exploration Ltd,...