Turkey hopes to increase its daily oil output to 100,000 bpd in 2023, having already seen a significant production increase in recent years.
. The country has provided a key route for Russian oil and gas at a time when many countries are enforcing sanctions on Russian energy. Ankara doubled its imports of Russian crude last year, processing it in Turkish refineries before shipping products to the EU and U.S. Turkey is also developing its own gas potential, having discovered estimated reserves of over 710 billion cubic meters of natural gas in the Black Sea in 2020.
Based on these impressive discoveries, Turkey now hopes to soon achieve energy independence. This would mark a huge shift in the country’s energy security, as it relies heavily on oil imports to meet its demand at present. Strong investment in exploration activities has been part of Turkey’s strategy to assess the country’s potential to develop domestic resources, to reduce its energy dependence on external resources.
. The reserves could be big enough to provide gas for all of Turkey’s households for the next 35 years. signs of oil and natural gas reserves in the eastern Black Sea
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'I represent a very different vision': The Remain-voting Tory London mayor hopefulThe last time Daniel Korski held public office was as president of his school’s student council in Denmark Now he wants to be the Tory candidate to take on Sadiq Khan to become the next Mayor of London 🎙️ Interview
Read more »
Reese Witherspoon looks radiant on girl's getaway after recent split from husband Jim TothThe Legally Blonde actress is enjoying single life!
Read more »
Turkey presidential election decides if Erdogan should have five more yearsTurks vote in a presidential run-off to decide on their country's future path.
Read more »
Recep Tayyip Erdogan is favoured to win Turkey’s presidential electionNationalism has always been part of Turkey’s political culture. But this year’s elections have revealed something new about the country’s nationalists
Read more »
Melissa Kinsella: Mum left in coma in Turkey dies after UK returnMelissa Kinsella arrived back in the UK on Wednesday after £50,000 was raised to get her home.
Read more »
Turkey election latest: Millions casting their votes in presidential run-offTurkey's presidential election has gone to a run-off after no candidate won 50% in the first round. Millions are casting their votes today in an election that could extend Recep Tayyip Erdogan's 20-year grip on power into a third decade if he wins.
Read more »