Middle East Economic Survey
VOL. LIII
No 39
27-Sep-2010
TURKEY
TPAO And Chevron Form Joint Venture For Black Sea Exploration
Chevron on 20 September announced that its Turkish subsidiary has signed a joint operation agreement (JOA) with Turkeys state-owned Turkiye Petrolleri Anonim Ortaki (TPAO) for an exploration license in the Black Sea. Chevron will take a 50% interest in the western portion of License 3921, a 22,505 sq km block located 350km northwest of Ankara. TPAO will hold the remaining...
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