Global Infrastructure SherpaTurkey's TPAO and Chevron Sign Agreement for Global Oil and Gas Exploration
Turkey and Chevron have signed an agreement for joint oil and gas exploration around the world. The agreement involves collaboration between Chevron and state-run Turkish Petroleum Corp (TPAO) on onshore and offshore exploration and production activities. This deal aims to reduce Turkey's reliance on imported oil and natural gas, particularly from Russia, and strengthen ties with the U.S. Cooperation with Chevron could potentially help TPAO produce 1 million barrels of oil per day.
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Counterparts (2)
Partner
Chevron Corp.
Chevron Corporation is an American multinational energy corporation. It is engaged in every aspect of the oil and natural gas industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation.
Turkish Petroleum Corp
Turkish Petroleum Corp (TPAO) is the national oil company of Turkey. It is primarily focused on oil and gas exploration, production, refining, and transportation. While its core business is in fossil fuels, it is increasingly involved in energy infrastructure projects.
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Announced
Feb 5, 2026
Signed
Closed
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