TransAtlantic Petroleum (TAT +6.7%) says Turkey's government has approved the divestiture of its...

|About: TransAtlantic Petroleum Ltd. (TAT)|By:, SA News Editor

TransAtlantic Petroleum (TAT +6.7%) says Turkey's government has approved the divestiture of its oilfield services business to Dalea Partners and Abraaj Investment Management. TAT plans to use the cash proceeds of the sale to reduce debt.