Turkish Petroleum to commence new oil exploration in Mediterranean Sea

Turkish Petroleum has announced that it will commence fresh oil exploration operations in the Akseki-1 region of the Mediterranean Sea.
The company's flagship drillship, the Abdulhamid Han, has been deployed for the operation, the company announced in a statement on X, formerly known as Twitter.
The drilling operation is significant as it marks Türkiye's continued commitment to expanding its energy exploration efforts in the Mediterranean. The operation has the potential to unearth valuable insights into untapped oil reserves beneath the sea bed.
Turkish Petroleum's pursuit of energy resources is aligned with its strategic objectives and the nation's broader ambitions for energy security and self-sufficiency. The utilization of state-of-the-art drilling technology aboard the Abdulhamid Han drillship underscores the company's commitment to employing advanced techniques in its exploration endeavors.
The start of exploration activities in the Akseki-1 area has drawn the attention of stakeholders in the energy sector and observers worldwide. The outcomes of the operation could hold implications not only for Türkiye's energy landscape but also for the Mediterranean's regional dynamics.
The Blue Homeland initiative, emphasized by Turkish Petroleum, encapsulates the nation's comprehensive approach to maritime affairs, including energy exploration, security, and the utilization of maritime resources for the nation's prosperity.
This new phase of oil exploration activities in the Mediterranean underlines the ever-evolving nature of Türkiye's energy strategy and its dedication to harnessing its resource potential for the nation's development. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Gold prices fell 0.9% to $1,333 per ounce on Thursday, extending recent losses as investors rotated out of the safe-haven metal in anticipation of a landmark trade agreement between the United States and the United Kingdom.
HÜDA PAR Deputy Chairman and Head of Economic Affairs, Mehmet Şah Gültekin, has strongly criticized Türkiye’s economic management in the wake of alarming April inflation figures released by the Turkish Statistical Institute (TURKSTAT).
The Turkish Statistical Institute (TurkStat) announced on Monday that the Consumer Price Index (CPI) surged by 37.86% annually and 3.00% monthly in April 2025, reflecting persistent inflationary pressures in Türkiye.
Türkiye's defense and aerospace industry reached a new milestone in April 2025, with exports climbing to $539 million, marking a 54% increase compared to the same month last year, according to figures shared by the Presidency of Defense Industries.