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Petoil was established in 1990 as a member of Pet Holding Group of Companies in order to run its businesses in petroleum E&P and oil field services. Pet Holding (established in 1974) is a recognized Turkish company based in Ankara, Turkey that is also active in construction (Petkontur) and tourism (Petya). It has a reputation of supporting education, culture and sports activities (Köksal Education Foundation - KEV) in its regions of operation. Petoil is a dynamic company with high growth potential. It is a trusted business partner and has a proven management team with a strong track record in acquiring, exploring and developing oil and gas opportunities. Petoil cooperates in various areas with partners and business associates from different parts of the world with its own name or with companies either directly or indirectly controlled by Petoil.