Türkiye Petrolleri Anonim Ortaklığı (TPAO), commonly known as Turkish Petroleum, is Turkey’s state-owned national oil and gas company. Founded in 1954 and headquartered in Ankara, it focuses on upstream activities including geological surveying, seismic acquisition, drilling, field development, and the production of crude oil and natural gas. Operations span onshore basins and offshore areas, notably the Black Sea and Eastern Mediterranean.
TPAO operates and develops the Sakarya Gas Field in the Black Sea and undertakes projects and partnerships in Turkey and select international markets. The company supplies domestic crude and gas to support Turkish refineries, power generation, and petrochemical feedstocks, linking upstream resources to the country’s industrial value chain. Its mandate centers on increasing domestic hydrocarbon supply, applying advanced technologies in offshore exploration and production, and developing resources efficiently.
Also known as TPAO, Turkish Petroleum Corporation, and Türkiye Petrolleri A.O..
chemXplore tracks 2 projects involving Turkish Petroleum, of which 2 are active.
Turkish Petroleum's role on them: Owner and Investor / Financier.
1 expansion and 1 revamp / retrofit.
Targeting: Crude oil (2), Natural gas (2)
Clean CCS Operating Result 3 bn lei; net income 1.8 bn lei; CAPEX 3.7 bn lei; contribution to state budget 10.2 bn lei; Neptun Deep on track for first gas in 2027.
15% stake added to the Kirkuk redevelopment vehicle; ConocoPhillips holds 42%; project targets over 3bn boe across multiple Kirkuk fields; assets currently with NOC/NGC.
A 42% stake will support redevelopment of Kirkuk oil fields, with an initial >3 billion boe production phase across Baba, Avanah, Bai Hassan, Jambur and Khabbaz.
JV with Repsol and TPAO for deepwater O7 block off Libya; commitment includes 1,500 km 2D and 2,300 km² 3D seismic surveys and one exploration well.
Commercial NAG started from West Chirag; well tests Qirmaki sands. Est. 4–6 Tcf recoverable; gas sent to Sangachal via existing infrastructure.
Higher hydrocarbon prices lifted upstream; production 95.5 mboepd. Downstream hit by lower refining volumes and feedstock scarcity; Rijeka delayed coker opened. Consumer services and circulars rose.
Drilling began in February after Vinekh; two wells drilled since Dec 2025 will improve geological understanding of the deep Black Sea. Exploration remains early; ongoing farm‑in for nearby block.
OMV Petrom acquires 25% stake in Han Tervel offshore block. Focus on 3D seismic data analysis and potential drilling. Awaiting Bulgarian Government approval.
