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Good news on Türkiye's oil, natural gas exploration works: Minister

"There are intensive works in both the Mediterranean and the Black Sea. We are conducting another exploratory drilling in the well, named Çaycuma-1 in the neighboring area of the Sakarya Gas Field. The first data are positive," Turkish Energy Minister Fatih Dönmez said.

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Good news on Türkiyes oil, natural gas exploration works: Minister

GAS HUB OFFER

Sönmez also stressed that Putin's proposal of a gas hub in Türkiye is "extremely important."

"For 4-5 years, we have strengthened this goal by working hard day by day and brought it to this day. We can bring natural gas from many parts of the world. We have become the center of attraction of the world," he said.

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Good news on Türkiyes oil, natural gas exploration works: Minister

"We supply gas from 15 different countries, from the US to the Gulf countries and, even rarely, from the Asia-Pacific. That's enough resource to be a gas hub. Especially after we increase the LNG capacity, maybe we will give it to neighboring countries," he added.

"Distribution and trading center are confused at times. I can say that our infrastructure is enough. Other countries have wishes and desires to send gas to Türkiye."

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Good news on Türkiyes oil, natural gas exploration works: Minister

GAS DEPENDENCY TO DECREASE TO 70 PERCENT

Sönmez also said that the gas dependency of Türkiye will be decreasing to %70 soon.

"If nothing goes wrong, we will deliver the first gas to our citizens in the centennial year of our Republic, all our aim and effort is working in that direction," he said.

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Good news on Türkiyes oil, natural gas exploration works: Minister

"God willing, when we connect our gas to the system our costs related to this will be more clear and we will present it to our President."

"We import 99 percent of the gas we consume. In other words, when the Black Sea gas comes into play in a product that we are almost completely dependent on, and when we start full production, we will be using our own gas, 25-30 percent of the total consumption," he stressed.

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Good news on Türkiyes oil, natural gas exploration works: Minister

"Our foreign dependency on natural gas will decrease to 70 percent. But if discoveries come as a result of new research, of course, this rate will decrease, even more, I hope."

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Good news on Türkiyes oil, natural gas exploration works: Minister

RECORD IN MINE EXPORTS

Minister Sönmez also highlighted Türkiye's place in the world regarding mines, saying that the country ranks well in the world in terms of mineral diversity.

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Good news on Türkiyes oil, natural gas exploration works: Minister

"We have about 70 kinds of mines. While our mine exports were approximately 700 million dollars in 2002, it reached 5.90 billion dollars last year," he said.

"We will probably exceed 6 this year and break a record; because as of the end of October, we had an export of 5.4 billion dollars."