• The Financial District

TURKEY TO ANNOUNCE GAS FIND IN BLACK SEA

Turkish President Recep Tayyip Erdogan said that he would announce the size of new gas reserves off the Black Sea this week while visiting the Turkish drilling ship "Fatih." 

"I will visit our drilling ship Fatih to witness the work in person and announce the size of the new reserves," Erdogan said while addressing his lawmakers at the parliament, the Chinese news agency Xinhua reported. 


Ankara has already announced 320 billion cubic meters of natural gas reserves in the Sakarya Gas Field in the Black Sea. Erdogan said Turkey also dispatched "Kanuni" vessel to the Black Sea, noting that "it is also expected to bring good news about the reserves" in the region. 


The tensions between Turkey and Greece were about to calm down over plans to resume exploratory talks for the disputed areas, but mounted again this week as Ankara announced that its vessel would carry out new seismic research activities in the Eastern Mediterranean.




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