Petroleum Exploration Activities And Petroleum Policies In Turkey During Democrat Party (DP) (1950-1960)
This study deals with the petroleum exploration works conducted by the governments in Turkey from 14 May 1950 to 27 May 1960, during which DP government was in power, the policies they adopted, and the influences of these policies on the economy. The subject was handled under three titled: petroleum exploration activities conducted in various regions of Turkey during the Democrat Party (DP) period (1950-1950); petroleum exploration works conducted in Raman Mountain and Garzan Region during the DP period; and petroleum policies enacted during the DP period. The analysis of petroleum policies and petroleum exploration works as well as their contribution to the economy is based on numerical data. With this study, the gaps in the literature regarding the subject of the study are filled based on the use of primary sources. To make the relevant evaluations, the condition of Turkey and the agreements and drill works conducted in Turkey by the World’s leading petroleum companies in the above-mentioned period are taken into account. The findings of the study indicate that the petroleum sources of the Republic of Turkey started to be developed and used via the investments of foreign and private enterprises following the enactment of the Foreign Investment Incentives Law no 6224 and Turkish Petroleum Law no 6326 upon DP coming to the power. Domestic capital was also activated in the country following the establishment of Turkish Petroleum (TP). Hence, important crude oil sources were explored via oil wells opened by TP in Raman and Garzan regions in addition to tens of other wells opened by both foreign and domestic capital.
Petroleum, TPOA, Raman, Garzan, Refinery