Automotive Exports September 2023

world oil markets, Bayraktar said: “Şırnak
is turning into a very important oil center
with the discoveries we have made
recently. It is a recourse to its origin. Şırnak
has always been an important oil center
since the 1970s. The route is one of the
routes through which the Iraq-Türkiye
pipeline passes.”
Referring to PKK terrorism in the region,
he said that regions that were once
synonymous with terrorism, such as Gabar,
Kato and Bestler-Dereler regions, are now
associated with oil.
“This region has become the region
of peace, tranquility and oil. These
regions were cleared of terrorism with
the determined, persistent stance and
struggle of the Republic of Türkiye. All of
our institutions, especially our governors,
local administrators, relevant institutions,
security forces, gendarmerie, police and
military, have made these regions truly
peaceful and livable.”
“Right after that, we continued the
work we started in oil and natural gas
exploration here, and we started to get
results from them,” he said.
Türkiye’s daily output has topped 70,000
barrels, the TPAO said most recently,
adding: “With our discoveries, we have
exceeded the highest domestic daily
production level in the last 32 years.”
Türkiye, in early May, announced it had
discovered 1 billion barrels of oil in a field
in the southeast province of Şırnak, the
largest onshore oil find in the country.
TPAO has drilled 2,771 meters (9,091 feet)
deep and found an over 162-meter light
oil-bearing reservoir, with further prospects
to be explored in the area.
The country discovered 150 million barrels
of oil in the southeast’s Mount Gabar area
in December 2022.
President Recep Tayyip Erdoğan had
dubbed it “one of the top ten onshore
discoveries in 2022” and said it was valued
at approximately $12 billion.
Türkiye, which has little oil and gas, imports
nearly all its energy needs. The country
consumed 246 million barrels of imported
crude oil in 2022, besides 29 million barrels
of locally produced crude oil, according to
official data.
September
2023
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