 | |
| Company type | Public |
|---|---|
| Industry | Oil and gas industry |
| Founded | 1954 (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 orTurkish Petroleum Corporation 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]
In 2013, the company purchased theseismographicresearch/survey vesselRVBarbaros Hayreddin Paşa worth US$130 million for gas and oil field exploration inBlack Sea[3] and theMediterranean Sea.[4]
| Name | Built by | Type | Generation | Acquired | Note[5] |
|---|---|---|---|---|---|
| Barbaros Hayreddin Paşa |  Polarcus | Seismicresearch vessel | - | 2013 | [6] |
| MTA Oruç Reis |  İstanbul Naval Shipyard | Seismic research vessel | 2017 | [7] | |
| Fatih |  Hyundai Heavy Industries | Ultra deepwaterdrillship | Sixth | 2017 | [8] |
| Yavuz | Samsung Heavy Industries | Ultra deepwater drillship | Sixth | 2018 | [9] |
| Kanuni | Samsung Heavy Industries | Ultra deepwater drillship | Sixth | 2020 | [9] |
| Abdülhamid Han | Daewoo Shipbuilding & Marine Engineering | Ultra deepwater drillship | Seventh | 2021 | [9] |
| Osman Gazi | - | Floating Production storage and Offloading | - | 2025 | [10] |
Azerbaijan projects:
Iraq projects:
Russia project:
TPAO acquired 49% of shares in MOL's BaiTex LLC, which holds the hydrocarbon licenses for Baituganskoye field and Yerilkinsky block in the Volga-Ural region, Russia.[19]
In 2019, TPAO made an operating loss of 239 thousand lira for each of its 3,700 employees.[20]: 38
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| National | |
