Back مؤسسة البترول التركية Arabic TPAO Azerbaijani Türkiye Petrolleri German شرکت نفت ترکیه Persian Turkish Petroleum French Türkiye Petrolleri Anonim Ortaklığı Portuguese Shirkad TPAO Somali Türkiye Petrolleri Anonim Ortaklığı Turkish
 | |
| Company type | Public |
|---|---|
| Industry | Oil and gas industry |
| Founded | 1954 |
| Headquarters | , |
Key people | Ahmet TÜRKOĞLU (CEO) |
| Products | Petroleum products petrochemicals chemicals |
| Revenue |  US$ 29.5 billion (2012) |
| US$ 9 billion (2012) | |
| Total assets | US$ 22.5 billion (2012) |
| Total equity | US$ 12.4 billion (2012) |
| Owner | Turkey Wealth Fund[citation needed][1] |
Number of employees | 4,800 (2013) |
| Website | www |
TPAO has been established in order to perform hydrocarbon exploration, drilling, production, refinery and marketing activities on behalf of the Turkish Republic with the law 6327 in 1954.
Many milestones in Turkish Petroleum Industry has been brought to real by TPAO. Foundation of industry giants like PETKİM, TÜPRAŞ, PETROL OFİSİ are amongst these milestones.
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.[2]
- ^ Coskun, Orhan (2017-02-06). "Turkey transfers billions in major company stakes to sovereign wealth fund". Reuters. Retrieved 2020-10-28.
- ^ https://www.tpao.gov.tr/en/about-tpao