Privatization of the Turkish Petroleum Corporation
Turkish Petroleum Corporation (TPAO), which is currently a national oil company involved in upstream sector (exploration, drilling, well completion and production) was first founded in 1954 by the Law No. 6357 for the purposes of hydrocarbon discovery, drilling, production, refiner and marketing activities. The registered capital of the TPAO is 3 Billion Turkish Liras.
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