RE: $12 billion worth of oil and gas in Turkey15 Dec 2022 13:57
urkey Makes Oil Discovery Worth $12 Billion
by Bojan Lepic
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Rigzone Staff
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Wednesday, December 14, 2022
Turkey has discovered 150 million barrels of net oil reserves valued at an estimated $12 billion, according to an announcement by Turkish President Recep Tayyip Erdogan.
Erdogan revealed the massive find during a cabinet meeting. "We discovered 150 million barrels of net oil reserves in Gabar Mountain. It is one of the top 10 onshore discoveries in 2022. The reserve value is approximately 12 billion dollars," he said.