• 8 minutes U.S. Shale Oil Debt: Deep the Denial
  • 13 minutes WTI @ $75.75, headed for $64 - 67
  • 16 minutes Trump vs. MbS
  • 6 hours Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 14 hours Nuclear Pact/Cold War: Moscow Wants U.S. To Explain Planned Exit From Arms Treaty
  • 14 hours Why I Think Natural Gas is the Logical Future of Energy
  • 1 hour Merkel Aims To Ward Off Diesel Car Ban In Germany
  • 13 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 6 hours Get on Those Bicycles to Save the World
  • 10 hours Iraq war and Possible Lies
  • 1 day Satellite Moons to Replace Streetlamps?!
  • 1 day Can “Renewables” Dent the World’s need for Electricity?
  • 1 day Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 20 hours Long-Awaited Slowdown in China Exports Still Isn’t Happening
  • 7 hours EU to Splash Billions on Battery Factories
  • 24 hours Can the World Survive without Saudi Oil?
Editorial Dept

Editorial Dept

More Info

Trending Discussions

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