Turkish gov’t liberalizes oil sector despite opposition outcry

Turkish gov’t liberalizes oil sector despite opposition outcry

 

Turkish Parliament will start to debate a draft of a new petroleum law next week amid opposition claims that it would weaken the state-run oil company

By Göksel Bozkurt

Turkish Parliament will start to debate a controversial draft of Turkey’s new petroleum law next week. The government says that the new law would liberalize the sector significantly, although the opposing groups say that it would leave the state-run Turkish Petroleum Company (TPAO) in a weaker position.

“The new draft law on petroleum affairs does not leave TPAO a weaker organization. In contrast it could get many more licenses for oil and gas exploration and drilling,” Selami İncedalcı, general manager of General Directorate of Petroleum Affairs, to which the draft law gives many administrative and technical supervision responsibilities, said to HDN.