Energy News

Turkey to continue energy search in Black Sea

APA – Turkey is set to continue its search for energy resources in Black Sea region, where it has so far discovered 405 billion cubic meters (bcm) of natural gas, the country’s president said on Tuesday, APA reports citing Anadolu Agency.

Speaking at a news conference following an hours-long cabinet meeting in the presidential complex in the capital Ankara, Recep Tayyip Erdogan delivered remarks on various topics including the novel coronavirus outbreak, as well as the country’s energy research and foreign policy.

Erdogan said a discovery this weekend in the Black Sea that raised the known capacity of previous natural gas reserves from 320 to 405 bcm would finally allow Turkey to meet its hydrocarbon needs to some extent, adding that Turkey’s drill ship, the Fatih, would start on fresh operations next month.

More good news may await the country, he added, as the vessel is slated to start operations on a new Black Sea well — Turkali 1 — next month with available data suggesting the possibility of similar discoveries in the region.

Erdogan went on to say that the natural gas to be extracted would significantly contribute to Turkey’s peace, prosperity and security, as the country enjoys the financial benefits of the find.

Turkey’s growth has triggered its involvement in external issues due to both its history and other obligatory reasons as it could never abandon innocent people in dire need, said the president.

He added that Turkey could not allow Iraq to become a safe-haven for terrorists, nor Syrians to suffer at the hands of terror groups or the regime, nor putschists to disintegrate Libya. It also cannot permit violations of its own rights or those of the Turkish Republic of Northern Cyprus (TRNC) in the Eastern Mediterranean region, he underlined.

“All the global and regional balances are rapidly collapsing to leave their places to new ones. Turkey, with its strong political and economic structure, is the rising star of the new global and regional quests. Every intelligent and conscientious person accepts that our country, despite some difficulties it is having, is positively distinguishing itself amid crises.” 

In addition, Erdogan congratulated Ersin Tatar on his election as the new president of the TRNC, saying the preference of Turkish Cypriots was a sign of their will to build a common future with Turkey. “Turkey will, as has always been the case, continue to stand with the Turkish Cypriots with all its power and capabilities,” he said. 

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