TPAO
Native name | Türkiye Petrolleri Anonim Ortaklığı |
|---|---|
| Company type | Public |
| Industry | Oil and gas industry |
| Founded | 1954 |
| Headquarters | , Turkey |
Key people | Ahmet TÜRKOĞLU (CEO) |
| Products | Petroleum Petrochemicals |
| Revenue | US$ 29.5 billion (2012) |
| US$ 9 billion (2012) | |
| Total assets | US$ 22.5 billion (2012) |
| Total equity | US$ 12.4 billion (2012) |
| Owner | Turkey Wealth Fund |
Number of employees | 4,800 (2013) |
| Website | www |
Turkish Petroleum Corporation (Turkish: Türkiye Petrolleri Anonim Ortaklığı, TPAO) has been established in order to perform hydrocarbon exploration, drilling, production, refinery and marketing activities on behalf of the Republic of Türkiye with the law 6327 in 1954.
Many milestones in Turkish Petroleum Industry has been brought to real by TPAO. Foundation of industry giants like PETKİM, TÜPRAŞ, PETROL OFİSİ are amongst these milestones.
TPAO continued exploration, production, refining, marketing and transportation activities until 1983 as an integrated oil company. TPAO has been acting as a state owned exploration and production oil company since the legal regulations made in 1983 and some other more recent changes.
TPAO’s primary goal is to reduce Turkey’s oil and gas import.