TPAO

Türkiye Petrolleri Anonim Ortaklığı (TPAO)
Company type	Public
Industry	Oil and gas industry
Founded	1954
Headquarters	Ankara, Turkey
Key people	Melih Han Bilgin (CEO)
Products	Petroleum products; petrochemicals; chemicals
Revenue	US$ 29.5 billion (2012)
Net income	US$ 9 billion (2012)
Total assets	US$ 22.5 billion (2012)
Total equity	US$ 12.4 billion (2012)
Owner	Turkey Wealth Fund[citation needed]
Number of employees	4,800 (2013)
Website	www.tpao.gov.tr

Türkiye Petrolleri Anonim Ortaklığı (TPAO) (Petroleum of Turkiye Corporation) was founded in 1954 by Law No. 6327 with the responsibility of being involved in hydrocarbon exploration, drilling, production, refinery and marketing activities of oil and gas in Turkey as the national company.^[2]

Until 1983, as an integrated oil company, it was engaged in all the activities fields of oil industry from exploration to production, refinery, marketing and transportation. Today, TPAO is a national oil company involved in merely upstream (exploration, drilling, well completion and production) sector.^[3]

^ Coskun, Orhan (2017-02-06). "Turkey transfers billions in major company stakes to sovereign wealth fund". Reuters. Retrieved 2020-10-28.
^ "TPAO to drill 150 wells this year - Latest News". Hürriyet Daily News. 2022-05-13. Retrieved 2024-11-12.
^ "Türkiye Petrolleri A.O". www.tpao.gov.tr. Archived from the original on 14 August 2018. Retrieved 17 April 2018.

[1] Coskun, Orhan (2017-02-06). "Turkey transfers billions in major company stakes to sovereign wealth fund". Reuters. Retrieved 2020-10-28.

[2] "TPAO to drill 150 wells this year - Latest News". Hürriyet Daily News. 2022-05-13. Retrieved 2024-11-12.

[3] "Türkiye Petrolleri A.O". www.tpao.gov.tr. Archived from the original on 14 August 2018. Retrieved 17 April 2018.

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