Middle East Economic Survey

VOL. LII

No 10

9-Mar-2009

TURKEY

TPAO Signs Non-Disclosure Deal With ExxonMobil, Expands Iran Development Budget

Mehmet Uysal, CEO of Turkish state oil company TPAO, told a press conference in Ankara on 3 March that TPAO and ExxonMobil have signed a non-disclosure agreement regarding oil exploration and production (E&P) activities in Turkeys Southeast Anatolia region. Turkey and US oil majors have been exploring the region since the late 1950s, with few tangible...