Türkiye’s state-owned Turkish Petroleum Corporation signed a joint venture agreement with U.S. oil giants Continental Resources and TransAtlantic Petroleum, Turkish Energy Minister Alparslan Bayraktar announced.
The partnership aims to develop Türkiye's unconventional oil and natural gas resources in the southeastern province of Diyarbakir.
"The project, which will be implemented using the latest environmental and technological practices, will also include training for the local workforce and the transfer of technical expertise," Bayraktar stated on X.
"This cooperation will make a significant contribution to our goal of integrating Türkiye's oil and gas resources into our economy.
"I hope that this agreement, which marks a new era in oil exploration in Türkiye, will be beneficial for all parties," he added.
Continental Resources is one of the largest oil producers in the U.S., while TransAtlantic Petroleum has been operating in Türkiye for 17 years.
Turkish Petroleum has been expanding its network of international partnerships, having collaborated with Azerbaijan, Libya, Somalia, and Russia. In January, the company's CEO, Ahmet Turkoglu, hinted at further cooperation with Libya.
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