Shale gas exploration starts in Turkey

Istanbul, 5 September 2012 – TPAO,Turkey’s state owned oil company, in conjunction with Shell has begun exploring for shale gas in the Anatolian province of Turkey. At a recent meeting with Taner Yildiz, Turkey’s Minister of Energy, Shell CEO Peter Voser said “Shell is pleased to work with TPAO on oil and gas exploration inTurkey, a country in which we have been active for 89 years”. Turkey is thought to have some 1.8 trillion cubic meters of recoverable shale gas and is anxious to exploit its natural resources to reduce its dependency on imported energy. Source: Invest in Turkey