Agency. Turkey has significantly increased its domestic oil production. Daily production reached 132,000 barrels as of March, Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar told the semi-official Anadolu Agency on Saturday.
The Turkish minister announced plans to drill 153 new oil wells. The drilling will be carried out mainly in the Gaber region of Sirnak province, Van province and Diyarbakir province, near the Turkey-Syria border.
The Gaber oil field, discovered in 2021 and recognized as the largest oil discovery in Turkey’s history, has made a significant contribution to the national economy. Regional production now adds $2 billion annually to the country’s economy.
Describing the work to increase Turkey’s natural gas production, the minister said that the Sakarya gas field in the Black Sea produces 7 million cubic meters of natural gas per day, enough to meet the needs of about 3 million households.
According to the minister, Turkey plans to invest 259 billion Turkish liras (about $7.11 billion) in the energy sector under the 2025 Investment Program. 140.7 billion liras (about $3.87 billion) will be allocated for the program for oil and natural gas exploration and production.
45.8 billion liras (about $1.26 billion) will be used to improve natural gas storage and transmission infrastructure.
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