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Turkey’s Fracking Push Won’t Be Stalled by Bribery Probe: Energy

Turkish Prime Minister Recep Tayyip Erdogan has been embroiled in a corruption scandal that helped send the country’s currency to an all-time low. It hasn’t discouraged foreign oil companies eyeing the country’s shale gas reserves.

Royal Dutch Shell Plc, TransAtlantic Petroleum Ltd. and Valeura Energy Inc. are among explorers shrugging off the bribery probe that has ensnared Turkey’s rulers and undermined Erdogan’s 11-year rule. They’re forging ahead with plans to drill shale rock that holds as much as 4.6 trillion cubic meters of gas and 94 billion barrels of oil, according to the U.S. Energy Information Administration.