Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

TURKEY

TPAO And Statoil Plan Black Sea Exploration

Turkiye Petrolleri Anonmim Ortakligi (Turkish Petroleum Corporation TPAO) and Norways Statoil are expected to form a joint venture to explore Turkeys Black Sea offshore zone, according to remarks made by Turkish Energy Minister Taner Yildiz in Istanbul on 14 October. Statoil does not currently have any operational activity in Turkey, but is commercial operator for the sale of Shah...