Turkish company to produce oil in Russia
Edited by Rhod Mackenzie / 2014-05-13 06:57:26
It has become known that the state-run company of Turkey TPAO has signed an important agreement. It concerns cooperation with the energy company MOL (Hungary). Owing to this cooperation Turkey is about to replenish its stocks by another 50 million barrels.
The Hungarian company has a license for the development of the Baituganskoye oil field on the territory of the Volga-Ural region of Russia. Under the agreement between TPAO and MOL 50% of shares of the Baituganskoye deposit (100 mln. barrels of reserves) will be transferred to Turkish company
.
