Baku, Azerbaijan, May 3
By Rufiz Hafizoglu - Trend:
Oil reserves have been found in the north-west of Turkey, Trend reports with reference to Turkish media.
It is reported that oil reserves were found as a result of exploration work carried out by the Canadian company Valeura Energy. As said, the volume of the oil reserves found is estimated at 3.5 billion barrels.
On February 8, Fatih Donmez, Minister of Energy and Natural Resources of Turkey, announced that natural gas reserves have been discovered in the north-west of Turkey. He said that natural gas reserves were found in the vicinity of Istanbul and in Tekirdag province. He noted that the volumes of natural gas reserves in the mentioned areas are being specified.
Donmez added that Turkey would continue conducting oil and gas exploration both onshore and offshore.
Earlier, a spokesperson of the Turkish Ministry of Energy and Natural Resources told Trend that Turkey expanded the territory for oil and gas exploration operations.
While in the past there were problems with oil and gas exploration in several eastern provinces, hydrocarbon fields are now being explored in those provinces, the ministry's representative said.
A law permitting oil exploration in forests and national parks came into force in Turkey in April 2014.
As reported, a total of 56 wells have been drilled as part of exploration of new oil and gas fields in Turkey since 2014, of which 54 are onshore and two are offshore.
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