\n
![\"T\u00fcrkiye](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/12\/694e594e78171e1b1521a343.jpg\")
<\/p>\n ISTANBUL
\n<\/p>\n
T\u00fcrkiye aims to cover a quarter of its energy<\/a> demand through domestic production by 2028, according to Energy Minister Alparslan Bayraktar<\/a>.<\/p>\n At a press conference held at the Istanbul Finance Center. Bayraktar said T\u00fcrkiye\u2019s energy strategy is entering a new phase, with plans to expand both domestic capacity and international partnerships.<\/p>\n \u201cOur daily oil demand is 1.1 million barrels,\u201d he explained. \u201cIf we equate natural gas to oil, that amounts to 800,000\u2013850,000 barrels. In total, we need 2 million barrels. By 2028, T\u00fcrkiye will produce 500,000 barrels of oil and gas. With capacity increases and new discoveries in the Black Sea and Diyarbak\u0131r, we can reach 1 million barrels by 2029\u20132030.\u201d<\/p>\n He noted that six new drilling operations are planned in the Black Sea, while Diyarbak\u0131r\u2019s daily potential stands at 250,000 barrels.<\/p>\n The minister emphasized that financing will play a crucial role in this expansion. \u201cWe will secure cost-effective financing from abroad,\u201d he said.<\/p>\n \u201cWe are working intensively on a $4 billion sukuk issuance. With this resource, we aim to grow the Turkish Petroleum Corporation (TPAO) through mergers, acquisitions and partnerships abroad. Our talks with Libya, Kazakhstan and Iraq are ongoing. There are very concrete projects in these three countries, and we expect to conclude them in 2026.\u201d<\/p>\n Bayraktar also highlighted T\u00fcrkiye\u2019s efforts to diversify energy sources.<\/p>\n He noted that in 2024, 40 percent of natural gas consumption came from Russia. \u201cRussia is a reliable supplier,\u201d he said. \u201cThis year, the share will fall below 35 percent. Our annual natural gas consumption is 60 billion cubic meters. In 2025, it will be 20 billion cubic meters. Our mission is to diversify resources and secure more competitive, cheaper energy.\u201d<\/p>\n \u201cLNG imports from the United States are important in this regard. Their impact will be felt after 2027, when we enter a period of purchasing gas at more competitive prices,\u201d the minister added.<\/p>\n \u201cWith the commissioning of Akkuyu\u2019s first reactor in 2026, we aim to begin electricity production,\u201d he also said.<\/p>\n Bayraktar also underlined T\u00fcrkiye\u2019s nuclear ambitions.<\/p>\n He said a draft law on small modular reactors (SMRs) will be submitted to Parliament, while new nuclear projects in Sinop and Thrace are being prepared.<\/p>\n Bayraktar explained that \u201c2026 will be the year when negotiations [on Sinop and Thrace projects] are finalized and intergovernmental agreements are signed.\u201d<\/p>\n \u201cWe are continuing talks with Russia, China, South Korea, and the United States. Our goal is to secure the most competitive offer and the highest level of localization,\u201d he added.<\/p>\n Bayraktar also stressed that T\u00fcrkiye\u2019s mining companies will become more active and that renewable energy investments will accelerate in the coming year, positioning the country as a global player in energy through partnerships and acquisitions abroad.<\/p>\n \u00a0<\/p>\n