Lexis Nexis Oil & Gas 2020 Q&A
Under the Turkish Petroleum Law, Turkey Law No. 6491/2013, the term “petroleum” includes both crude oil and natural gas. Therefore, upstream oil and gas activities (extraction processes, investigation, exploration, and production) are regulated by the Turkish Petroleum Law, whereas downstream activities are regulated by the Petroleum Market Law, Turkey Law No. 5015
/2012, the Natural Gas Market Law, Turkey Law No. 4646/2001, and the Liquefied Petroleum Gas (LPG) Market Law, Turkey Law No. 5307/2005…
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This article was first published in the LexisNexis® Middle East 2020.