Skip to content Skip to Search
Skip navigation

Turkey to conduct new oil explorations in Black Sea

Crowd, Person, Electrical Device Alparslan Bayraktar/X
Energy minister Alparslan Bayraktar said Turkey will increase domestic resource exploration to reduce dependency on energy imports

Turkey will undertake three hydrocarbon explorations in the Black Sea this year, the country’s energy and natural resources minister, Alparslan Bayraktar, has confirmed.

“One of the goals in the vision of 2053 is to end Turkey’s energy dependency. This is such a great goal that it will affect the face of Turkey and the future of all of us,” Daily Sabah, an English news outlet in Turkey, reported, citing the minister’s speech in Istanbul.

“We need to explore and produce oil, natural gas, and coal. If you have mines, gold, copper, and zinc, we need to explore and produce them,” Bayraktar said.

Over the years, Ankara has significantly increased its hydrocarbon explorations in the Black Sea and the Eastern Mediterranean. The Black Sea natural gas field has a capacity of 710 billion cubic metres.

Bayraktar said Turkey will increase domestic resource exploration to reduce dependency on energy imports. The expected exploration drills in Şırnak and Hakkari provinces will lead to discoveries, he said.

The minister said he also expected to commission the first reactor in the Mersin nuclear power plant on the southern Mediterranean coastline this year.

With a total installed capacity of 4,800 megawatts and an estimated cost of $20 billion, the nuclear plant is slated for full operational readiness by 2028.

The Akkuyu nuclear power plant, built by Russia’s state atomic energy company, Rosatom, will have four reactors and will supply 10 percent of Turkey’s electricity consumption, Bayraktar said.

Latest articles

Saudi Arabia Ronnie O'Sullivan snooker

Ronnie O’Sullivan to be Saudi snooker ambassador

Saudi Arabia has signed a deal with the world’s top snooker player, Ronnie O’Sullivan, for him to act as an “ambassador” for the sport in Saudi Arabia.  It was announced alongside news that Saudi Arabia has become an official sponsor of the World Snooker Championship that begins this weekend in Sheffield, UK. Under the three-year […]

UAE Costa Rica Cepa

Costa Rica added to UAE economic partners

The UAE has signed a comprehensive economic partnership agreement with Costa Rica, the latest in a string of trade deals around the world over the past two years. It is the first time the South American country has signed an agreement with a Middle Eastern country. The agreement will improve trade flows between the two […]

A man wades through a flooded street in Dubai. Some areas of the UAE received more than a year's worth of rain in one day Video length: 03:08

UAE president orders review after flooding

The UAE’s president, Sheikh Mohamed bin Zayed Al Nahyan, has ordered an urgent review of the country’s infrastructure after historic levels of rainfall brought the Gulf state to a standstill, with some areas seeing more than a year’s worth of rain in one day. The president has contacted authorities “to quickly work on studying the […]

Visitor numbers to Lebanon for the first 10 months of 2023 were up 21% on 2022 but there is currently 'no significant traffic' from the West

Beirut airport arrivals drop as Westerners stay away

The daily arrival rate at Lebanon’s only functioning international airport is down by 4 percent year on year in the first quarter of this year, according to Marwan Haber, the head of Middle East Airline’s (MEA) commercial division. Speaking at the Horeca hospitality conference in Beirut on Tuesday Haber said 95 percent of arrivals were […]