Turkish Energy Minister Fatih Dönmez said on Oct. 22 Turkey will operate the gas field which it recently discovered in the Black Sea on its own, but it may cooperate with foreign firms in terms of detailed work and equipment. The minister's comments came after President Recep Tayyip Erdoğan said on Oct. 17 Turkey had raised the estimated reserves of the field to 405 billion cubic meters after finding an additional 85 bcm.
Turkish Energy Minister Fatih Dönmez has said that the government did not share the volume of the natural gas reserves discovered in the Black Sea with Reuters. “If we had found 800 billion cubic meters, that would have been the amount that we announced,” Energy Minister Fatih Dönmez said on Aug. 25.
Turkey expects its energy imports to fall significantly following a major Black Sea natural gas find and more discoveries could be made in another area now being evaluated, Energy and Natural Resources Minister Fatih Dönmez said on Aug. 22 "There is a new area of 6,000 square kilometres ahead of us. The evaluation of our experts is that we may see similar structures there too," he said in Istanbul.
Turkey calls for cooperation to ease tensions in East Med after sending survey ship to disputed waters
Turkey announced on Aug. 10 that it dispatched a vessel named Oruç Reis to conduct a seismic survey in a disputed area of the eastern Mediterranean, a move that Greece said was "illegal." Turkey dismissed the Greek objections, with President Erdoğan saying that Ankara was ready to cooperate in finding "an acceptable formula that protects the rights of all."
Turkey's first drillship, Fatih, will begin drilling in the Tuna-1 location in the Black Sea, Turkey's Energy and Natural Resources Minister Fatih Dönmez said on July 20. The Fatih drilling vessel set sail for the Black Sea on May 29 from Istanbul to the Trabzon port where it reached its destination for reassembly on June 6.
Several electric companies have not paid their debt to the state since the country's electric system was privatized in 2009, Minister of Energy Fatih Dönmez said on July 14. He said that the Yeşilırmak, Fırat, Çamlıbel and Uludağ EDAŞ companies owe the state a total of more than 25 million lira in principal payments and interest.