Turkish Petroleum

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TUPRS

Wealth fund ‘subject to thorough and strict audit’

The Turkey Wealth Fund (TWF) is subject to very strict and thorough audit, Vice President Fuat Oktay has said.

Replying to opposition criticism about the debt ratio of the fund during a parliamentary debate on the 2021 budget, Oktay said on Dec. 16 that claims that the TWF is not being audited are wrong.

Turkish claims on EastMed are ‘within the limits of international law'

Turkey's ambassador to Greece told Greek diplomats on Monday that his country's positions on the Eastern Mediterranean, the demarcation of maritime zones, the Cyprus issue, hydrocarbon exploration and Libya are "well-known and transparent" and "within the bounds of international law," according to Turkish diplomatic sources.

Greece summons Turkish ambassador over gas exploration applications

Greece's Foreign Ministry on Monday summoned the Turkish ambassador to deliver a demarche over the publication in the Turkish government's gazette of Turkish Petroleum's (TPAO) applications for an exploration permit in areas of the Greek continental shelf, diplomatic sources said.

Greece says Turkish exploration applications attempt to ‘usurp' Greek sovereign rights

Greece said on Monday the publication in the Turkish government's gazette of Turkish Petroleum's (TPAO) applications for an exploration permit in the eastern Mediterranean were another step in Ankara's efforts to "usurp Greece's sovereign rights."

New help for virus-hit firms from Turkey Wealth Fund

Under the new legislation, the (TWF) will now be able to buy or to become partners with companies facing difficulty due to the coronavirus pandemic.

Turkey's Parliament on April 16 passed the bill prepared by the ruling Justice and Development (AK) Party to cushion the virus' impact on economic and social life.

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