Türkiye Bolsters Oil Market Presence with Kirkuk Stake Acquisition

Türkiye is positioning itself as a key player in the oil market by combining diversified crude imports, rising domestic production, and new international upstream investments.

The country's supply security strategy has gained a new dimension with Turkish Petroleum Corporation's (TPAO) acquisition of a 15% stake in Iraq's Kirkuk oil fields. This strategic step positions Türkiye not only as a transporter of crude oil but also as a direct participant in production.

Rising domestic production is another key pillar of Türkiye's energy strategy, with Gabar being the country's largest onshore oil discovery and producing around 81,000 barrels per day (bpd). The southeastern region continues to account for a significant share of national output.