Türkiye Presses Ahead with Development Despite Regional Instability: President Erdogan
6 Articles
6 Articles
Turkish president says daily oil production will exceed 100,000 barrels in second half of 2027, generating an estimated $4.4 billion annually
Speaking after the cabinet meeting, President Erdoğan announced the discovery of a new oil reserve in Şırnak. Erdoğan stated, "We are producing 75.4 million barrels of Türkiye's highest quality oil in Gabar. More encouraging news continues to come from the mountains of Gabar. We have received further positive news from two more fields. A potential of 135 million barrels of in-situ oil has been found."
A total of 135 million barrels of oil potential has been determined in two more fields in the Qabar region of Turkey. Turkish President Rajab Tayyip Erdoğan announced this at the press conference he held after the meeting of the Cabinet of Ministers. According to his words, 75.4 million barrels of naphtha, which is considered to be the best quality naphtha in Turkey, is currently produced in the Qabar region. Erdoğan stated that the natural gas …
Two more fields in Turkey's Gabar region have been identified with a total oil potential of 135 million barrels.
President Recep Tayyip Erdoğan, in a statement following the Cabinet Meeting, announced that a potential of 135 million barrels of in-situ oil has been identified in two new fields in Gabar. Erdoğan stated that the target is to exceed 100,000 barrels of daily oil production in the region in the second half of 2027, adding that this will contribute $4.4 billion annually to the economy. The Cabinet Meeting, chaired by President Recep Tayyip Erdoğa…
President Erdoğan: "We have discovered oil in two more new fields. In the second half of 2027, with approximately 230 wells, our daily production in the region will exceed the 100,000 barrel mark."
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