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.
German Chancellor Friedrich Merz praised Türkiye’s diplomatic efforts to mediate between Russia and Ukraine, calling for greater international pressure to push Moscow toward peace negotiations.
NATO has confirmed that its 2026 summit will be hosted by Türkiye, with Albania set to host the following summit in 2027, according to the final declaration from the summit in The Hague.
Turkish President Recep Tayyip Erdogan met with British Prime Minister Keir Starmer on the sidelines of the NATO summit in The Hague to discuss key regional and global issues.
The European Union will provide €20 million in humanitarian aid to support vulnerable refugees in Türkiye. This funding will be directed to humanitarian partners working closely with Turkish authorities to address refugees’ essential needs, including protection, health, water and sanitation, etc.
Türkiye has voiced strong concern following the United States’ strikes on Iranian nuclear facilities, warning that the action could dangerously escalate the conflict and trigger a global crisis.
China has surpassed its 2030 renewable energy target six years ahead of schedule and now leads the world in clean energy investment, innovation, and deployment, transforming itself into a global powerhouse in the transition to a sustainable energy future.
U.S. mortgage interest rates saw slight changes last week as applications for refinancing increased, even though home purchase applications dipped.
Victor Arthein, a senior figure in the Guadeloupe Communist Party, has urged the territory to pursue political and economic independence from France, citing deep-rooted structural dependence and declining sovereignty.
Italian Prime Minister Giorgia Meloni says new NATO defence spending targets are achievable for Italy, thanks to their flexible structure, and insists no other budget priorities will be sacrificed.
German Chancellor Friedrich Merz praised Türkiye’s diplomatic efforts to mediate between Russia and Ukraine, calling for greater international pressure to push Moscow toward peace negotiations.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Russia has expressed its readiness to support the signing of a peace treaty between Azerbaijan and Armenia to ensure regional stability and security.
Masked law enforcement officers have detained Archbishop Bagrat Galstanyan, leader of the 'Sacred Struggle' movement in Armenia. He is accused of preparing terrorist attacks and an alleged attempt to seize power, according to the Investigative Committee.
Kazakhstan’s Prime Minister Olzhas Bektenov has announced a major reform initiative aimed at strengthening national sovereignty in the country’s space sector.
An explosive device detonated on an armoured combat-engineering vehicle in Khan Younis in Gaza, killing seven Israeli soldiers and seriously wounding another soldier on Tuesday (24 June).
Iran’s parliamentary committee has approved a draft bill to suspend cooperation with the International Atomic Energy Agency (IAEA) until Tehran receives firm guarantees on the agency’s conduct.
China has surpassed its 2030 renewable energy target six years ahead of schedule and now leads the world in clean energy investment, innovation, and deployment, transforming itself into a global powerhouse in the transition to a sustainable energy future.
U.S. mortgage interest rates saw slight changes last week as applications for refinancing increased, even though home purchase applications dipped.
Victor Arthein, a senior figure in the Guadeloupe Communist Party, has urged the territory to pursue political and economic independence from France, citing deep-rooted structural dependence and declining sovereignty.
Italian Prime Minister Giorgia Meloni says new NATO defence spending targets are achievable for Italy, thanks to their flexible structure, and insists no other budget priorities will be sacrificed.
German Chancellor Friedrich Merz praised Türkiye’s diplomatic efforts to mediate between Russia and Ukraine, calling for greater international pressure to push Moscow toward peace negotiations.
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