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Türkiye Turns State Owned TPAO Into a Global Player With 500,000-Barrel Goal
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Why This Matters
Türkiye's state-owned energy company TPAO is expected to increase its daily oil and gas production to 500,000 barrels by 2028, with a long-term goal of reaching 1 million barrels per day, according to the Energy and Natural Resources Minister.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Türkiye’s state-run energy champion Turkish Petroleum Corporation (TPAO) is on track to dramatically scale up production, with daily oil and gas output expected to reach around 500,000 barrels by 2028, Energy and Natural Resources Minister Alparslan Bayraktar said this week. Speaking to local media, Bayraktar said the projection is based on current reserves and ongoing developments, but stressed that Ankara’s longer-term ambition is even larger. The government ultimately wants TPAO to become a one-million-barrel-per-day producer,…
Original article published by
OilPrice.com
on December 30, 2025.
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