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TPAO continued exploration, production, refining, marketing and transportation activities until 1983 as an integrated oil company. TPAO has been acting as a state owned exploration and production oil company since the legal regulations made in 1983 and some other more recent changes. TPAO’s primary goal is to reduce Turkey’s oil and gas import.
It became a joint stock company in 1983. [citation needed] On July 24, 2000, the company was privatized, and initially 51% of the shares were purchased by Doğan Holding. On March 13, 2006, the Austrian petroleum company OMV bought 34% of the stake for US$1.054 billion. After this stock exchange, the share of Doğan Group decreased from 86.7% ...
BOTAŞ Petroleum Pipeline Corporation (BOTAS) is the state-owned crude oil and natural gas pipelines and trading company in Turkey. The company was established in 1974 as a subsidiary of TPAO . Since 1995, BOTAS is a wholly state-owned company.
Oil exploration licenses in Turkey are granted by the General Directorate of Mining and Petroleum Affairs [22] but the process of granting them takes a long time and requires political influence. [30] The Petroleum Market Law provides incentives for investors to explore and produce. [31] Some enhanced oil recovery is carried out at Batı Raman ...
At the end of 2017, she was purchased by the Türkiye Petrolleri Anonim Ortaklığı (TPAO), a company of the Ministry of Energy and Natural Resources and renamed Fatih ("Conqueror"). [5] [6] [7] Fatih is expected to carry out deepwater drilling for petroleum and natural gas in the Black Sea and Mediterranean Sea. She is Turkey's first drillship.
The fourth refinery, the 1.1 million tonnes/yr batman refinery processes crude produced a myriad small oil fields in south-east Turkey delivered to the refinery both via an existing pipeline network and by road tanker. Tupras also owns a majority stake (79.98%) in the shipping company DİTAŞ and, since 2006, a 40% ownership of petrol retailer ...
The US oil and gas company Vantage Drilling International ordered the construction of the drillship in 2013, [1] [4] and prepaid US$59.5 million. [2] She was built in 2014 by Daewoo Shipbuilding & Marine Engineering (DSME) at its shipyard in Okpo, Geoje , South Korea, and christened Cobalt Explorer .
Yavuz means "Resolute" in Turkish. The three drillships of the state-owned Turkish gas company, Fatih, Yavuz and Kanuni, are named after the most famous conquerors and rulers of the Ottoman Empire: Mehmed II, Turkish: Fatih Sultan Mehmet, Mehmed the Conqueror, who conquered Constantinople in 1453; Selim I (r. 1512-1520), known as Selim the Resolute, Turkish: Yavuz Sultan Selim, who hugely ...