Turkey has opened two new oil fields

Turkey has discovered two new oil fields in the Gabar area in the southeast of the country, near the border with Iraq, with a combined potential preliminarily estimated at 135 million barrels.

As reported by TRT Haber, this was announced by President Recep Tayyip Erdogan.

"In Gabar, we are extracting 75.4 million barrels of Turkey's highest quality oil. Good news continues to come from the Gabar mountains. News has arrived from two more fields. An oil potential of 135 million barrels has been discovered," Erdogan said in his address to the nation following a Cabinet meeting.

Gabar is a mountainous area in Şırnak province in southeastern Turkey, near the border with Iraq. It is located in Southeastern Anatolia and in recent years has become one of the key centers of Turkish oil production.

According to the president, oil production in the Gabar area has so far contributed to reducing Turkey's current account deficit by 6 billion dollars. Erdogan noted that thanks to the development of new sites and the commissioning of additional wells, daily oil production in the region will increase by 30%.

He stated that in the second half of 2027, Turkey expects to bring daily production in the Gabar area to 100,000 barrels. To achieve this, approximately 830 wells are planned to be put into operation. The implementation of these plans is expected to provide an additional contribution of 4.4 billion dollars to the country's economy.