ECONOMY
TPAO to invest nearly $1.7 bn in its projects next year, including in Azerbaijan
Baku, November 11, AZERTAC
The Turkish Petroleum Corporation (TPAO) will spend 1.691 billion U.S. Dollars in oil and natural gas exploration and production projects in Turkey, Azerbaijan and other countries.
TPAO maintains business in Azerbaijan, Iraq, Russia, Libya and Afghanistan in order to ensure Turkey's crude oil and natural gas demand.
Next year the company will invest $243 million in natural gas exploration in Turkey as it aims to increase the yearly production volume to 28.5 million barrels in 2017.
TPAO owns a 6.75% share in Azeri–Chirag–Gunashli project, a 19% share in Shah Deniz gas field and South Caucasus Pipeline projects, and a 6.53% stake in Baku–Tbilisi–Ceyhan pipeline.
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
Azerbaijan, Bahamas Gymnastics Federation embark on cooperation
- 23.04.2024 [15:57]
Slovenia hosts high-level conference of Nizami Ganjavi International Center
- 23.04.2024 [15:18]
Azerbaijan Army’s tanks units hold competition, Defense Ministry VIDEO
- 23.04.2024 [15:02]
Azerbaijan produces over 7 billion kWh of electricity in Q1 2024
- 23.04.2024 [14:43]
Another 39 families relocated to Fuzuli city get house keys VIDEO
- 23.04.2024 [14:01]
Tunisia, Algeria, Libya agree to advance cooperation
- 23.04.2024 [13:59]
Copernicus report shows year of weather extremes in Europe
- 23.04.2024 [13:33]
Heydar Aliyev International Airport: the path to development
- 23.04.2024 [13:03]
Azerbaijan, Albania abolish visa regime
- 23.04.2024 [12:44]
Oil prices in global markets
- 23.04.2024 [11:24]
Türkiye hosts inaugural event on ocean action, climate crisis
- 23.04.2024 [11:02]
Azerbaijani oil price declines in global markets
- 23.04.2024 [11:00]
4 missing after vessel hit bridge in China's Guangdong
- 23.04.2024 [10:19]
10 killed after 2 Malaysian military helicopters crash
- 23.04.2024 [10:12]
Inter Milan win Italian Serie A title with 5 games left
- 23.04.2024 [09:57]
Pakistan-Azerbaijan Economic Integration Model: An Expert Opinion
- 22.04.2024 [23:55]
Azerbaijani FM embarks on official visit to Czech Republic
- 22.04.2024 [23:47]
President Ilham Aliyev concluded his working visit to Russia
- 22.04.2024 [23:32]
President of Russia: BAM shapes global logistics for the entire 21st century
- 22.04.2024 [21:34]
Chair of Georgian Parliament’s committee visits Milli Majlis
- 22.04.2024 [21:08]
Presidents of Azerbaijan and Russia had joint dinner
- 22.04.2024 [20:55]
Jordan welcomes Azerbaijan-Armenia agreement and border demarcation efforts
- 22.04.2024 [19:06]
Azerbaijani boxer beats Armenian rival at European Championships in Serbia
- 22.04.2024 [18:53]
Egypt reclaims 3,400-year-old stolen statue of King Ramses II
- 22.04.2024 [18:20]
Baku Engineering University teams shine at Robotex Türkiye
- 22.04.2024 [17:56]
Azerbaijan, Georgia discuss cooperation in transport and ICT sectors
- 22.04.2024 [17:10]
ANAMA: 452 unexploded ordnances neutralized over past week
- 22.04.2024 [15:44]
Azerbaijani judokas shine at Lignano Junior European Cup 2024
- 22.04.2024 [15:33]
160 Chinese electric buses to hit the roads in Azerbaijan in 2024
- 22.04.2024 [15:14]
Global defence budget jumps to record high of $2440bn
- 22.04.2024 [14:45]
Conference on Azerbaijan-China relations commences in Baku VIDEO
- 22.04.2024 [14:27]
Türkiye's President Erdogan arrives in Iraq's capital Baghdad for talks
- 22.04.2024 [13:46]
Sun Zhuangzhi: Azerbaijan is of great significance to Chinese people
- 22.04.2024 [12:59]
UN says heavy rains to affect about 770,000 people in Somalia
- 22.04.2024 [12:54]
Air Defense Units conduct live-fire tactical exercise
- 22.04.2024 [12:51]
11 missing in Guangdong rainstorm
- 22.04.2024 [11:41]
Azerbaijani Paralympic swimmer secures European gold in Portugal
- 22.04.2024 [11:13]
UK returns looted Ghana treasures on loan in six-year deal
- 22.04.2024 [10:58]
Global oil prices drop
- 22.04.2024 [10:57]
Azerbaijan relocates 39 more families to Fuzuli city VIDEO
- 22.04.2024 [10:57]
UAE welcomes agreement between Azerbaijan and Armenia
- 22.04.2024 [10:50]