Oil And Gas Guide – Turkey Chapter

Kesikli Law Firm's contribution was published by the Legal 500 Country Comparative Guides in 2019. We would like to share this guide with those who are interested in knowing more about Turkey's Oil and Gas investment environment. The Guide provides an overview of the legal framework and the key issues regarding oil and gas market in Turkey. Hope you find it helpful.

The Legal 500 Energy: Oil and Gas Guide – TURKEY CHAPTER

1. Does your jurisdiction have an established upstream oil and gas industry?  What are the current production levels and what are the oil and gas reserve levels?

As far as is currently known, Turkey has limited crude oil and natural gas reservoirs. Nonetheless, there is an established upstream oil and gas industry with respect to the reserves that Turkey currently discovered. Turkish Petroleum Joint Stock Company ("TPAO"), which is a state owned company, is the dominant actor in the upstream oil and gas industry. Current situation regarding