The government is initiating the most comprehensive transformation program in order to increase energy efficiency and production using local resources. While steps will be taken to increase the production of oil and natural gas, the production fields in Azeri-Çıralı-Güneşli and Şahdeniz will be enlarged. This four-year package is expected to invest a total of TL 10 billion ($4.42 billion) in the energy sector.
The package will aim to increase the share of national resources in the energy sector to 35 percent since dependency on foreign resources is expanding the current account deficit. Other initiatives included in the package are as follows:While increasing the area reserved for development and production in Azeri-Çıralı-Güneşli and Şahdeniz in Azerbaijan, there will be attempts to increase production through additional reserves and more production. Development-production projects in Iraq's Badra, Missan, Mansurya and Siba are also planned to be increased.
Wells using unconventional extraction and production methods will be opened in the regions of Thrace and southeastern Turkey. Secondary methods such as carbon dioxide, gels and steam injection techniques will be applied in order to prevent a decrease in production which is currently being observed at oil fields.Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
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