Turkish authorities announced “big news” on oil production
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Turkey may soon announce “big news” on oil production, Energy and Natural Resources Minister Fatih Donmez said on Sunday.
“Very soon we will be able to announce great news about oil,” transmits his words to the newspaper Milliyet.
In the south-east of Turkey in the region of Mount Gabar discovered an oil field with reserves of about 150 million barrels of oil worth $12 billion, President Recep Tayyip Erdogan said in December 2022. Erdogan then noted that earlier in Turkey, the Cukurova field was discovered with reserves of 8 million barrels.
In 2020, Turkey discovered a large gas field in the Black Sea, the volume of which was later estimated at 540 billion cubic meters. m. Erdogan then called the open field the largest in the country and said that its development will ensure Turkey’s energy security and create new jobs. Later, Ankara announced that the reserves of this field are capable of covering the world’s gas needs for 45 years.
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