TPAO and Petrogas' License in Tekirdag Extended for 5 Years

The cooperation between Turkish Petroleum Corporation (TPAO) and Petrogas continues with the extension of the oil operation license in Tekirdağ for another 5 years. This decision by the General Directorate of Mining and Petroleum Affairs of the Ministry of Energy and Natural Resources is considered an important development in the sector.

According to the information announced to the public, the purpose of the license extension process is to ensure the sustainability of oil exploration and production activities in the region. This extended license is of great importance for the projects and investments to be realized by TPAO and Petrogas in Tekirdağ.

TPAO, as one of the largest energy companies in Turkey, carries out various oil and natural gas exploration activities throughout the country. Petrogas, as a major company in the energy sector, is eager to realize new investments in cooperation with TPAO. This extension will allow the companies to explore the energy potential of the region and utilize the existing resources more efficiently.

The extension of the license aims to increase the energy production capacity in the region, expand employment opportunities and support regional development. TPAO and Petrogas prioritize cooperation with local governments and attention to environmental sustainability in this process.

Such developments in the energy sector are expected to contribute to Turkey's energy independence and reduce its dependence on foreign energy. The projects to be carried out by the relevant parties to maximize the energy potential in Tekirdağ have the potential to increase competition in the sector in the future.