Turkey discovers 150 million barrels of oil reserves: Erdogan
ANKARA: According to President Recep Tayyip Erdogan, Turkey discovered 150 million barrels of net oil reserves in a southeasterly mountain, with a $12 billion market worth.
“We discovered 150 million barrels of net oil reserves in Gabar Mountain. It is one of the top 10 onshore discoveries in 2022. The reserve value is approximately 12 billion dollars,” Erdogan said after the Cabinet meeting in the capital Ankara.
Turkey discovers 150 million barrels of oil reserves: Erdogan
In celebration of the Republic of Türkiye’s 100th anniversary, Ankara hopes to grow its daily output to 100,000 barrels through increased seismic exploration, additional drilling, and productivity-boosting techniques.
