Turkish Ministry of Energy and Natural Resources has issued a license to Turkish Petroleum Corporation (TPAO) for oil drilling in two regions in the country. Turkish General Directorate of Petroleum Affairs approved the TPAO’s application for oil drilling in two regions in Turkey: one near the borders of Siirt and Sirnak provinces and the other […]
The Privatization High Council has approved the sale of 100 % stake in in Turkish Petroleum Distribution Corporation, a subsidiary of state-owned Turkish Petroleum, to Zulfikarlal Holding for some 130 million dollars. The tender for 100 % stake in Turkish Petroleum’s subsidiary was held in October 2016. There were four participants: SBK Holding and a […]
An offer of 158.98 million dollars for a 100 % stake in Turkish Petroleum Distribution Corporation, a subsidiary of state-owned Turkish Petroleum, submitted by Zulfikarlal Holding was the highest bid at the auction. There were four participants in the auction: SBK Holding and a consortium of Zulfikarlal Holding, Siyah Kalem and Termopet-Net-Cemil Direkci. The bidding […]