What new strategic move did Turkey's Energy Minister announce for TPAO regarding foreign companies?

Turkey's Energy Minister Alparslan Bayraktar announced that TPAO, the state-owned upstream oil and gas company, will begin acquiring shares in foreign companies as part of Ankara's broader strategy to develop international energy partnerships and boost exploration capabilities.

What is the significance of TPAO's agreement with TotalEnergies, and where else does Turkey plan to expand its energy operations?

TPAO's preliminary agreement with TotalEnergies marks the fifth such accord with international oil majors this year and enables joint hydrocarbon exploration in Turkey's Black Sea waters; additionally, the agreement allows exploration in Angola, while Ankara also aims to increase energy operations in Libya and Pakistan in the coming months.

Turkey's TPAO to begin acquiring shares in foreign companies, minister says

Apr 13, 2026

Turkey's state-owned oil firm TPAO plans to acquire shares in foreign companies to boost energy partnerships, following a preliminary agreement with TotalEnergies for Black Sea exploration. Ankara aims to enhance supply security and expand operations in Angola, Libya, and Pakistan.

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Turkey's TPAO to begin acquiring shares in foreign companies, minister says

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