Türkiye Petrolleri Anonim Ortaklığı (TPAO)

=Global Snapshot=

TPAO was established in 1954, when it took over from Turkey's State Minerals Exploration Institute (MTA).

TPAO has approximately 5000 employees throughout Turkey and at its branch offices abroad. According to official company literature, in a bid to improve regional energy security, TPAO conducts its international activities in the Caspian region, North Africa and the Middle East. As of 2011, exploration and production activities were being actively carried out in Azerbaijan, Kazakhstan, Libya and Iraq, and was searching for business opportunities in countries including Syria, Turkmenistan, Iran, Russia, Colombia, Sudan and Venezuela. As of late 2012 the company remained state-owned but Reuters reported in early 2011 that the Turkish government was preparing for the privatisation of TPAO.

Turkey's oil and gas transportation company BOTAS was established as a subsidiary of TPAO in 1974. In November 2012 BOTAS signed an agreement with Azerbaijani state oil company SOCAR as shareholders of the Trans-Anatolian pipeline project (TANAP), one of the links in the chain of the Southern Corridor pipeline project aimed at bringing gas supplies into Eastern Europe and bypassing Russian territory. BOTAS will hold a 20 percent share in the project.

Company Report Highlights
According to TPAO's 2010 Annual Report, profits for the year saw an impressive 247% increase on 2009 figures, reaching $1.35 billion for the year. Domestic production activities increased only slightly on 2009 from 14 million barrels of oil to 14.2 million, with international production rising from 11 million barrels to 11.1 million. However, offshore drilling activity saw a sharp increase from 3,900 square metres to 14,000 square metres in 2009.

Globally, through 2010 3 deep water drilling rigs were built in the Black Sea, oil was discovere in 7 out of 11 wells drilled in Libya and the company signed technical service contracts for the Missan and Badra oil fields in Iraq. Production activities were also initiated at the Akçakoca platform in the Black Sea.

The company's President commented that the main target is to decrease energy import expenses by responding to the oil and gas demand of the country.

=Official Accreditations and Global Perceptions=

EITI Supporter Status
As of December 2011, TPAO was not one of the supporting companies of EITI.

UN Global Compact
As of December 2011, TPAO was not a member of the UN Global Compact.

CSR Review
According to TPAO's 2010 Annual Report, the following were highlights on the corporate responsibility front over the year:


 * Suitable and standard Personal Protective Equipment (PPE) was supplied to staff and fire protectin training and drills were conducted to eliminate fire risks. Additionally, primary health service facilities were provided at the Corporation Health Centre.
 * The following Environmental Protection Procedures, among others, were established in order to protect against environmental risks: emergency intervention planning, drilling waste water management, recycling of waste oil, management studies of waste water resulting from off-shore gas production.

= Global Operations by Country=

Iraq
"Main article: TPAO Operations in Iraq"

=References=