Turkey Looks to Expand Oil and Gas Exploration in Its Region

Turkey is boosting domestic natural gas production in its Black Sea waters and is looking to expand its international partnerships in oil and gas exploration in Bulgaria’s Black Sea, in the Caspian Sea region, and in Iraq, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, said on Monday. Turkish state energy firm TPAO and an international oil firm are negotiating a deal for oil and gas exploration in the Black Sea block off the coast of Bulgaria, Turkey’s neighbor to the northwest. “Most likely next month, TPAO…