Turkey's state-owned upstream oil and gas company TPAO will start acquiring ?shares in foreign companies as part ?of Ankara's plans to develop international partnerships to boost its energy exploration, Energy Minister Alparslan ?Bayraktar said on Monday.
Turkey's state-owned upstream oil and gas company TPAO will start acquiring ?shares in foreign companies as part ?of Ankara's plans to develop international partnerships to boost its energy exploration, Energy Minister Alparslan ?Bayraktar said on Monday.
Earlier, French oil ?major TotalEnergies said it signed a preliminary ?agreement with TPAO to explore Turkey's Black ?Sea waters for hydrocarbons, marking the fifth ?similar accord signed by the Turkish firm with oil majors this year.
"Soon, we will turn a ?new page too. And that is ?this: as TPAO, we will enter yet another ?new ?area by buying shares of companies abroad," Bayraktar said without elaborating.
He said the agreement with TotalEnergies would allow the two ?companies to ?carry out ?exploration in Angola, adding Ankara also aimed to increase its ?operations in Libya and Pakistan in ?coming ?months.
Turkey has been pushing to develop its domestic resources via international partnerships, including with U.S. major ?Exxon, ?to boost security of ?supply and become a regional exporter.
(by Reuters, April 13, 2026)
