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Turkey has discovered 150 million barrels of net oil reserves in a mountain range in the south of the country worth $12 billion, Turkish President Recep Erdogan announced last night.

Recep Tayyip Erdogan - Turkish politician and prime minister.

Born on February 26, 1954 in Istanbul. Graduated, quoted by Anatolia Agency.

"We have discovered 150 million barrels of net oil reserves in Gabar Mountain (in southeastern ┼×─▒rnak County). It is one of the ten largest fields on land discovered in 2022. The value of the reserves is about 12 billion dollars," Erdogan said after a government meeting in Ankara.

"We are producing 5,000 barrels (of oil) per day in four wells in this area, which have very high quality oil," the Turkish head of state added.

Erdogan said that the daily production of the Turkish Petroleum Corporation (Turkish Petroleum Corporation), which was about 40,000 barrels five years ago, has increased to 65,000 barrels now, BTA noted.

Erdogan: Turkey plans to produce 100,000 barrels of oil per day

Ankara aims to increase its daily output to 100,000 barrels by 2023, when the country will mark the centenary of the Republic of Turkey, by increasing seismic surveys, more drilling and methods to improve productivity, he added.

"While many oil and gas companies have abandoned their operations during the pandemic, Turkish Petroleum has accelerated its exploration and production activities. With 34 more discoveries in 2021 alone, we have added another 71 million barrels to our current reserve," Erdogan said.

Recep Erdogan