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https://herguner.av.tr/wp-content/uploads/2023/07/Chambers-Oil-and-Gas-2021.jpg750500Under the Turkish Petroleum Law No 6491, the term “petroleum” includes crude oil and natural gas. Petroleum resources in Turkey are owned by, and are at the disposal of, the state. However, upstream interests are granted by way of licences with definite terms. In such cases, exploration licence and production lease holders must pay the ... ...