Feb. 9, 2021
Source: world oil

Turkish Petroleum mulls partnerships for multi-billion Black Sea gas project

Turkey’s state-owned oil and gas company is considering partnerships and plans to raise funding this year to carry out work on biggest natural gas discovery in the Black Sea. The necessary capital investment to produce the gas and deliver it onshore is estimated at around $3.2 billion. TPAO was allocated 13.4 billion liras ($1.9 billion) from the government’s 2021 budget.

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