Türkiye's national energy company TPAO and US oil major Chevron have signed a memorandum of understanding (MoU) to evaluate potential collaborations in oil and natural gas exploration and production, the Turkish energy and natural resources minister announced on Thursday.
"With this Memorandum of Understanding, we aim to develop joint projects both in Türkiye and on an international scale," Alparslan Bayraktar wrote on the Turkish social media platform NSosyal.
Bayraktar said international initiatives would support ongoing work in the Gabar field in southeastern Türkiye and in the Black Sea, while also contributing to TPAO's goal of becoming a global company with production capacity of 1 million barrels.
"We will soon sign new agreements for different international partnerships and share the concrete projects we have implemented with our nation," he added.
The agreement follows a separate MoU signed earlier between TPAO and ExxonMobil subsidiary ESSO Exploration International Limited, covering new exploration areas in the Black Sea and the Mediterranean, as well as other potential regions.
By Handan Kazanci
Anadolu Agency
energy@aa.com.tr
