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Ed Webb

Turkey aims to rid itself of the shackles imposed by energy imports - Middle East Monitor - 0 views

  • Turkish President Recep Tayyip Erdogan announced in Istanbul that the Fatih drilling ship has discovered reserves of 320 billion cubic metres of natural gas in the Black Sea, and that Turkey will start using this in 2023
  • Turkey depends on imports for its oil and gas requirements. Last year, consumption of natural gas in the country was 44.9 billion cubic metres, and 99 per cent of this came from countries such as Russia, Iran and Azerbaijan. The gas discovered by the Fatih will reduce this total dependence on foreign energy supplies and strengthen Ankara’s position in energy deals
  • Turkish research and exploration vessels are confident that new fields will be discovered, helping Turkey to move from being an energy importer to an exporter.
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  • In 2011, Turkey only had the dated Piri Reis seismic survey vessel; today it has five large and advanced ships working in the Black and Mediterranean Seas. Two are seismic survey ships — the Oruc Reis and the RV Barbaros — with three drilling ships: Fatih, Yavuz and Kanuni. While the Fatih is operating in the Black Sea, the others are in the Mediterranean
  • Turkey’s lack of energy resources has been a weak point for the economy
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