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[BUSINESS] · Türkiye · 13 sources

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Turkey targets energy independence through oil, mining, and electrification

Turkey's Energy and Natural Resources Minister Alparslan Bayraktar has outlined several strategic initiatives aimed at achieving energy independence and reducing the national current account deficit. During visits to Çorum, Bayraktar highlighted that the country currently spends 60 to 70 billion dollars annually on energy imports.

Key developments include the Gabar region, where daily oil production has reached 83,000 to 84,000 barrels following significant seismic and drilling activities in areas cleared of terrorism. Additionally, the Minister announced plans to transform Hakkari into a mining hub, specifically targeting zinc and lead reserves. The government intends to move beyond raw material extraction by establishing industrial facilities for value-added production in these mining regions.

To further reduce fossil fuel dependency, Bayraktar emphasized the importance of electrification across all sectors. He set a target for Turkey to reach 8 to 10 million electric vehicles by 2035 and noted that nuclear energy is expected to provide 10 to 15 percent of the nation's electricity by 2050. The 'Turkey Century' vision remains centered on three primary pillars: strengthening the national defense industry, ensuring food security, and achieving energy independence.

Entities

AK Parti · Alparslan Bayraktar · Gabar · Hakkari · Turkey · Çorum

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