MAPEG Extends the Duration of One Oil Operation License

The General Directorate of Mining and Petroleum Affairs (MAPEG) has extended the duration of an oil operating license jointly owned by Corporate Resources Enerji A.Ş. (40%), Pinnacle Turkey Inc. (18.5%), and Thrace Basin Natural Gas (Turkey) Corporation (41.5%). MAPEG's announcements regarding this matter have been published in the Official Gazette. Accordingly, the oil operating license with the registered number ARİ/TGT-PIN-CRE/K/G18-b2-1 located in Tekirdağ has been extended for 12 years until 10.09.2035, following the expiration date of 10.09.2023.