Author: Cemil Alan

Turkiye has discovered 150 million barrels of net oil reserves valued at an estimated $12 billion, according to an announcement by President Recep Tayip Erdogan yesterday. Erdogan revealed the massive find during a cabinet meeting, stating: “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.” “We produce 5,000 barrels (of oil) per day in four wells in this region [Shirnak province southeast of the country], which has a very high oil quality,” he added. According to Anadolu Agency, Ankara…