• 3 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 5 minutes Could Tesla Buy GM?
  • 11 minutes Global Economy-Bad Days Are coming
  • 17 minutes Venezuela continues to sink in misery
  • 26 mins OPEC Cuts Deep to Save Cartel
  • 24 mins What will the future hold for nations dependent on high oil prices.
  • 1 day End of EV Subsidies?
  • 7 hours Congrats: 4 journalists and a newspaper are Time’s Person of the Year
  • 2 hours Price Decline in Chinese Solar Panels
  • 4 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 8 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 17 hours Permian Suicide
  • 23 hours GOODBYE FOREIGN OIL DEPENDENCE!!
  • 22 hours Asian stocks down
  • 1 day Maersk's COO statment.
  • 21 hours IT IS FINISHED. OPEC Victorious

Turkey: Game-Changing Oil & Gas Legislation Afoot

We’ve noted recently that Turkey is a hot venue for both the majors and the juniors, but that there still hasn’t been that one big find to put the country on the fossil fuels map in terms of exploration and production. For now it’s all about exploration potential, analog geology, good governance and plenty of infrastructure to get product to market.

But now there’s another potential game-changer that could make this venue even more attractive for E&P companies … and the mainstream media hasn’t picked up on it, so here’s your chance. The significance of this should not be underestimated.

Turkish Parliament is debating new hydrocarbons legislation right now that would significantly weaken the state-run oil company’s (TPAO) exploration and licensing authority and force it to compete on equal footing with foreign companies. This is game-changing legislation for potential new entrants into this market and it will usher in a new group of power brokers and gatekeepers.

The Turkish Parliament began debating the bill last week and while there is strong opposition to this bill, it also has the full support of the ruling Justice and Development Party (AKP), so stands a good chance of passing.

Overall, the bill is aimed at liberalizing Turkey’s oil and gas industry to attract more foreign investment at the expense of the state-run oil company’s (TPAO) position. Turkey has its sights set on a much…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




Oilprice - The No. 1 Source for Oil & Energy News
-->