For years, Turkey has been tirelessly looking for oil and gas. To do so, Ankara mainly relied on the expertise of foreign companies. Encouraged by the recent discoveries of significant gas fields in the eastern Mediterranean, Ankara stepped up its efforts in the region and the Black Sea.
However, this time, the state-owned Turkish Petroleum Corporation (TPAO) decided to explore opportunities on its own. As a result, TPAO
Turkish authorities have already mulled over a potential collaboration with Russian and Iranian companies, but it seems less likely given Ankara’s relations with both countries. Ankara has diverging interests with Tehran and Moscow in Syria and is also trying to reduce dependence on Russian and Iranian gas supplies. Therefore, Turkey will likely be reluctant to add another dimension to this complex web of relations by inviting a Russian or Iranian company to the project. Turkish companies are more likely to partner with companies from friendly states with experience developing such complex and costly projects.
TPAO has already