Turkey Taps ExxonMobil as Black Sea Gas Discoveries Grow

Turkey’s state-owned oil and gas company, Turkish Petroleum Corporation (TPAO), has signed a memorandum of understanding with Exxon Mobil affiliate ESSO Exploration International Limited to explore new oil and natural gas prospects in the Black Sea and the Mediterranean, Ankara announced on Thursday. Energy and Natural Resources Minister Alparslan Bayraktar said the agreement aims to strengthen operational efficiency and accelerate new hydrocarbon discoveries by combining TPAO’s deepwater exploration cap ...