Türkiye discovers new oil deposits with estimated potential of 135 million barrels

Two new oil deposits have been identified in the Gabar region of Türkiye’s Şırnak province. Their combined oil potential is estimated at 135 million barrels.

TodayPress TV reports that Turkish President Recep Tayyip Erdoğan announced the discovery during a press conference following a Cabinet meeting.

According to Erdoğan, 75.4 million barrels of oil, considered Türkiye’s highest-quality crude, are currently being produced in Gabar. Daily production in the region is expected to exceed 100,000 barrels in the second half of 2027, when around 230 wells are scheduled to become operational. This is expected to contribute $4.4 billion annually to the Turkish economy.

Erdoğan also noted that natural gas produced in the Black Sea currently meets the needs of four million households. With the operation of the Osman Gazi vessel, the aim is to increase this figure to eight million households.