Angola: TPAO looks at onshore

Turkish Petroleum Corporation (TPAO) is looking to invest in oil exploration in Angola as part of a strategy to diversify its sources of supply, according to a 21 August report in the Istanbul-based Daily Sabah. TPAO plans to invest up to $1.8bn in total in overseas upstream projects in 2015, according to officials from the Turkish Energy and Natural Resources Ministry. TPAO is looking to acquire an onshore licence in Angola, where ten onshore blocks are on offer in a licensing round organised by Sonangol.