Bank Of Baku

Reserves of new oil field in Türkiye are at the level of 1 bln barrels

Reserves of new oil field in Türkiye are at the level of 1 bln barrels
# 04 May 2023 10:38 (UTC +04:00)

"The potential of the new oil field discovered in the southeast of Türkiye is estimated at 1 billion barrels," said Melih Khan Bilgin, CEO of the Turkish Oil Company (TPAO) in the broadcast of CNN Turk TV channel, APA-Economics reports. 

According to him, the value of the resources of the discovered field is USD 0-80 billion, and this is around USD 3-3.5 billion contribution per year to the Turkish economy. 

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