to the parliamentary group of his governing Justice and Development Party on Wednesday, announcing the discovery ofongoing activities in the region by"By going to our drill ship Fatih on Saturday, we'll both personally witness the efforts on site and announce the amount of the new reserve," he said.
The Fatih discovered the new exploration zone, known as the Tuna-1 well, in the Sakarya gas field around 170 kilometres off Turkey's northern coast.Impact on economy Turkey, which is almost completely reliant on imports to meet its energy needs, has been exploring for hydrocarbons in the Black Sea and in the Mediterranean, where its survey operations in disputed waters have drawn protests from Greece and Greek-administered Cyprus.
Last year, Turkey spent $41 billion on energy imports. The payments it makes to buy gas from other countries such as Russia and Azerbaijan have been a drag on its currency for years. The lira strengthened on Wednesday after Erdogan's announcement of the discovery of more gas reserves expected, as traders anticipated a positive impact.However, analysts say Turkey could face extra infrastructure costs in breaking into the market.
Assalamualaikum Mr. President ❤️
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