The first target in Gabar is 100 thousand barrels of oil per day Gabar 'd

In his speech at the 2026-2027 Academic Year Opening Ceremony of Ankara University, Minister of Energy and Natural Resources Alparslan Bayraktar evaluated the developments in global energy markets, Türkiye's energy policies and targets for the next period.

Stating that there are three main issues for which Türkiye is seeking solutions in the field of energy, Bayraktar stated that these are meeting the increasing energy demand, reducing foreign dependency and achieving climate goals. Bayraktar noted that energy efficiency is also among the priority areas.

Bayraktar stated that renewable resources have an important place in Türkiye's energy policies and continued as follows:

"In addition to solar and wind, hydroelectric and geothermal resources also need to be evaluated in harmony with the environment. By 2040, Turkey aims to provide 70 percent of its energy needs from renewable energy sources. This is a very important and ambitious target. Renewable energy investments are important in terms of strengthening energy supply security, reducing external dependency and contributing to climate goals. In addition, Türkiye needs to evaluate different resources together to meet its increasing energy needs. 20 billion in energy efficiency in the 2024-2030 period." dollar investment is targeted."

Stating that the world is facing political and security crises as well as the energy crisis, Bayraktar said that the Covid-19 epidemic, the Russia-Ukraine War, trade wars, logistics problems and breaks in supply chains affect the global economy.

Bayraktar stated that Israel's attacks in Gaza and the US/Israel-Iran War that started on February 28 also increased global uncertainties, and noted that the world is going through a period in which the energy and security architecture is being reshaped.

Emphasizing that energy directly affects the daily life and economic future of countries, Bayraktar said, "Uninterrupted, high-quality and affordable access to energy has become important. Global developments have led countries to re-evaluate energy supply security. Turkey has also invested in many different areas to reduce its vulnerabilities in the energy field in this process." he said.

Bayraktar stated that artificial intelligence technologies will increase the need for uninterrupted electricity due to data centers, and the spread of electric vehicles will reduce dependence on oil imports.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)