Oil field discovered in Black Sea
Türkiye's state oil company has discovered a new field in the Black Sea and applied to the authorities for a development licence
Türkiye's state oil company has discovered a new field in the Black Sea and applied to the authorities for a development licence
Türkiye had discovered 57 million barrels of oil reserves valued at approximately $4 billion across several regions so far this year, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said.
Türkiye has received a license to conduct exploration work to discover oil in the Sea of Marmara. The country expects to provide 10% of its oil needs in the southeast of the country this year.
SOCAR's subsidiary will drill 4 wells located in the southeastern part of Türkiye
Another oil field has been discovered in Türkiye. It is located near the city of Cizre in the region of Mount Gabar.