Türkiye is ramping up its global oil and natural gas exploration activities, with a focus on establishing partnerships in various regions, according to Energy Minister Alparslan Bayraktar. Speaking to journalists in Ankara, Bayraktar highlighted key areas of interest, including Somalia and Iraq.
One major initiative is the deployment of the Oruç Reis seismic research vessel to Somalia, marking what Bayraktar described as a "historic era" for Türkiye’s energy strategy. He also noted the country's ongoing efforts in Iraq, where Türkiye currently holds partnerships in three oil fields in the northern region. Plans are underway to expand these partnerships and explore opportunities in Iraq's Basra region as well as Libya.
In addition to these ventures, Türkiye has signed a memorandum of understanding with Sao Tome and Principe to enhance energy cooperation. This agreement could lead to future oil and gas exploration in the African island nation.
Domestically, Türkiye has been investing in liquefied natural gas (LNG) infrastructure to bolster its energy supply. The development of LNG terminals and floating storage and regasification units (FSRU) aligns with the country’s strategy to diversify its energy sources. Türkiye now has the capacity to supply half of its natural gas needs through LNG, thanks to recent long-term agreements.
Addressing concerns about regional tensions, particularly between Iran and Israel, Bayraktar acknowledged that while Türkiye does not trade oil or petroleum products with Iran, it imports around 7-8 billion cubic meters of natural gas annually from the country, which accounts for roughly 15% of its needs. Any disruption to the pipelines could affect Türkiye's supply, but Bayraktar emphasized that diversification efforts have positioned the country to mitigate such risks.
These moves are part of Türkiye's broader "National Energy and Mining Policy," launched in 2016 to reduce reliance on foreign energy. Domestic oil production has also seen growth, reaching around 110,000 barrels per day from public and private companies.
With expanding international partnerships and infrastructure investments, Türkiye is taking significant steps toward energy security and independence.
Türkiye says talks with Washington are continuing over six F-35 fighter jets it purchased but never received, as Ankara pushes for the lifting...
Ukraine is set to restart attacks on Russian oil refineries following a two-day pause, President Volodymyr Zelenskyy said, amid growing tensions wi...
Satellite restrictions affecting Ukraine's military have put SpaceX's Starshield network under scrutiny, raising questions about who contro...
Yemen’s Houthis have claimed responsibility for the recent drone and missile strikes on Saudi Aramco facilities in Dhahran and Riyadh and at King Khalid International Airport in Saudi Arabia, vowing to carry out more attacks in the coming days.
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
Ukrainian President Volodymyr Zelenskyy says Russia hit at least six energy targets in deadly strikes across Ukraine, showing Moscow is unwilling to accept the energy ceasefire announced by U.S. President Donald Trump.
Ukraine's soldiers have had their access to Starlink satellite internet restricted. Kyiv's troops use the terminals, made by Elon Musk's SpaceX, to pilot drones. A source in Ukraine's Defence Ministry said the restrictions would make it harder for Kyiv's army to down Russian drones.
Türkiye says talks with Washington are continuing over six F-35 fighter jets it purchased but never received, as Ankara pushes for the lifting of U.S. sanctions on its defence industry.
Uzbekistan's freight volumes along the Middle Corridor have doubled in five years, highlighting the growing importance of Azerbaijan and the Port of Baku as key links in its trade routes to Europe.
Kazakhstan is considering new rules governing the use of artificial intelligence in newsrooms, including requirements to label AI-generated content. The proposal was discussed at the tenth Astana Media Week, which also focused on digital threats and children's online safety.
Azerbaijan has taken over the chairmanship of a Commonwealth of Independent States (CIS) labour and social protection council, as it prepares to introduce a sixth package of social reforms in 2027.
At least 32 children and one teacher were killed when a school roof collapsed during classes in Pakistan’s northwestern city of Peshawar on Thursday (15 October). Twenty others were injured, while authorities warned the death toll could rise as rescue operations continued.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment