Turcas Petrol

In 2017 the U.S. state of South Carolina, Tennessee listed Turkiye Petrol on its Iran scrutinized list rendering Turkiye Petrol ineligible for investment and/or state contracting.

--

"Turkish energy company Turcas Petrol is looking at entering the Iranian energy market through investments in oil, gas or renewables following the lifting of most sanctions against the Islamic Republic, its chief executive said on Tuesday. 'We believe we definitely must be in Iran,' Batu Aksoy told reporters. 'At a time when growth in the world is stalling, a market like Iran could be a driving force both globally and for Turkey,' he said. Turcas is interested in teaming up with a local company but is also open to cooperating with Turkish firms, Aksoy said... 'We have been shuttling back and forth between Iran and Turkey for the past five years. We have established networks before the lifting of sanctions. Now the embargo is lifted, they are more sympathetic to doing business with us,' he said. Supplying natural gas from Iran, as well as projects for oil and its derivatives, as well as renewable investments, were all on the agenda, he said." (Reuters, “Turkey’s  Turcas says eyes energy investments in Iran,” 5/3/2016)