Ttopco

TAQ TAQ OPERATING COMPANY LTD (TTOPCO), established in 2006, is a specialized entity designed for petroleum operations. It functions under a Production Sharing Contract (PSC) within the Taq Taq License Area in the Kurdistan Region of Iraq (KRI). TTOPCO is jointly owned by Genel Energy PLC and Addax Petroleum International Ltd, which is a wholly-owned subsidiary of Sinopec. The company operates on a strict no-profit-no-loss financial principle, focusing solely on facilitating the operational aspects of the PSC. Registered under the laws of the British Virgin Islands, TTOPCO maintains a physical presence with offices strategically located in Ankara, Turkey, and Erbil, Iraq, in addition to operational sites within the Taq Taq license area. The company employs between 500 and 1,000 professionals dedicated to its complex operational mandate. For insights into the personnel driving these operations, one can Meet Ttopco's team. This structure ensures efficient management of its core responsibilities in the oil and gas sector. As a key player in the Energy, Utilities & Waste Treatment and Oil & Gas Exploration & Services industries, TTOPCO generated approximately $280.0M in revenue. Its operational scope is geographically focused on the KRI, though its ownership structure links it to international energy conglomerates. The company's primary product is its operational service, fulfilling the specific purpose outlined in its establishment charter. Its activities are critical to the energy landscape in the region.