2005 – Petoil Inc. acquired 7 petroleum exploration licenses in Sinop (Black Sea) region of Turkey from the General Directorate of Petroleum Affairs.

2005 - Ottoman Life Real Estate Trade, Construction and Tourism Ltd. Co. was founded. The land acquired in Turgutreis district of Bodrum was turned into the 'Konak Residences' project Ottoman Life.

2006 – The construction of the Konak Residences began in November, 2006, completed in July 2007 and the houses were presented to their owners. Ottoman Life is involved in the project drawings, to construction, sales and after-sales services of the Konak Residences, a total of 57 houses with 1, 2 and 3 bedrooms, swimming pool, sauna, gym, restaurant and social facilities.

2006 – Petoil began the first drilling in the Bina Bawi field in Northern Iraq.

2006 - The construction of the Konak Residences started in November 2006.

2007 – The construction of the Konak Residences was completed by Ottoman Life in November.

2008 – Petoil began operations in different fields of Northern Iraq.

2010 – Petma Marble, Natural Stone, Mining Co. Ltd. was founded.

2011 – Petma Marble began the production and export of 'Turnalit Beige' marble blocks from its quarry in Tokat, Turhal, Turkey.