Turkish Petroleum Corporation, Shell to sign $350 mil. agreement

Turkish Petroleum Corporation (TPAO) and Shell will be signing an agreement based on searching oil and natural gas.

Turkish Petroleum Corporation, Shell to sign $350 mil. agreement

World Bulletin / News Desk

Turkish Minister of Energy and Natural Resources, Taner Yildiz said, as Turkish Petroleum Corporation (TPAO), on Thursday they will be signing an agreement of $350 million based on searching petroleum and natural gas.

Speaking on Kanal 24 TV channel on Monday, Taner Yildiz replied questions regarding the search of petroleum and he reminded that there would be new projects to be developed in the Black Sea.

Yildiz stressed that on Thursday between TPAO and Shell, they would be signing a $350 million worth of agreement which would be based on searching oil and natural gas, he added that they would share this with public in a ceremony.

Yildiz noted that they came across natural gas in Black Sea and they would hold works in the close region.

"From the natural gas and petrol sources' point of view, we are not like Saudi Arabia. However, all countries have to calculate their own advantage and disadvantages, then act accordingly," suggested Minister Yildiz.

 

 

Last Mod: 11 Şubat 2013, 16:54
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