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.
The Lithuanian parliament on Tuesday approved a new prime minister, marking a key step in the formation of the country’s ruling coalition....
According to the European-Mediterranean Seismological Centre (EMSC), an earthquake struck 50 km north-northwest of Derbent, Russia, at 00:33 local tim...
Africa has unveiled a continental emergency preparedness and response plan to tackle cholera from September 2025 to February 2026....
Following the announcement of the extension of the Canada-led NATO mission in Latvia, Latvian Prime Minister Evika Siliņa said that cooperation withi...
Türkiye is facing a severe drought that is impacting water resources, shrinking reservoirs and unprecedented shortages affecting daily life, agriculture, and industry.
Istanbul has stepped up its tsunami preparedness; two districts in the city are joining a UNESCO-backed project to improve early warnings and drills.
Türkiye says it will send military experts to Syria, aimed at assessing defence needs and drawing up a joint plan for restructuring the Syrian Armed Forces.
Azerbaijan’s SOCAR will invest $7 billion in Türkiye’s petrochemical sector, reinforcing its role as the country’s largest foreign investor.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Türkiye’s Foreign Ministry said on Tuesday that Turkish Foreign Minister Hakan Fidan met his Irish counterpart Simon Harris in Dublin, Ireland’s capital.
According to the European-Mediterranean Seismological Centre (EMSC), an earthquake struck 50 km north-northwest of Derbent, Russia, at 00:33 local time. The quake’s epicentre was at a depth of 11 km.
Türkiye is facing a severe drought that is impacting water resources, shrinking reservoirs and unprecedented shortages affecting daily life, agriculture, and industry.
Azerbaijan, Turkmenistan, and Uzbekistan have strengthened trilateral cooperation, enhancing ties among the Turkic states around the Caspian Sea.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment