X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 13 hours U.S. Presidential Elections Status - Electoral Votes
  • 9 hours Interest article about windmills and waterwheels in Europe
  • 4 hours Retired RAF pilot wins legal challenge over a wind farm
  • 1 day Speaker Pelosi, "Tear Down This Wall"
  • 2 days NYT:  The Supreme Court’s order (Re:  Trump’s tax returns) set in motion a series of events that could lead to the startling possibility of a criminal trial of a former U.S. president
  • 20 hours Chance for (Saudi)Arabian peninsula having giant onshore Gas too?
  • 1 day Disaster looming in UK offshore wind power
  • 2 days Wednesday Nikki Haley reached out to Trump for meeting at Mar-a-lago. Trump said No ! You blew it Nikki . . .
  • 18 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 2 days Scientist clone endangered Black Footed Ferret from Ferret that died 30 years ago . It's a 100% exact genomic match.

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…




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