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Significance
The discoveries of a new oil field in the country’s south-east and a gas field in the Black Sea have boosted domestic production, although self-sufficiency is still a remote prospect.
Impacts
Reducing dependence on Russian gas will make Ankara less vulnerable to political pressure from Moscow.
Turkey will continue talks with Turkmenistan over gas import swaps via Iran.
Ankara could secure exploration rights in Niger.
Turkish research vessels may deprioritise areas of the Mediterranean in the near term, lowering the risk of renewed stand-offs.
Keywords:
Turkey,
ME/NAF,
Azerbaijan,
Central Asia,
Cyprus,
Iran,
Iraq,
Niger,
Russia,
Somalia,
economy,
industry,
international relations,
politics,
energy,
gas,
government,
growth,
natural resources,
oil,
policy,
balance of payments,
coal,
electricity,
foreign policy,
foreign trade,
infrastructure,
nuclear energy,
talks,
Fossil fuels,
Gas
© Oxford Analytica 2024. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2024
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