Alparslan Bayraktar

Some 7,500 megawatts of renewable capacity will be allocated for industrial consumption this year, Energy and Natural Resources Minister Alparslan Bayraktar has announced.

Authorities are at the final stage in concluding technical work on new capacity allocation, the minister told reporters.

Iranian President Ebrahim Raisi was set to hold talks with his Turkish counterpart Tayyip Erdogan in Ankara on Wednesday to discuss the widening conflict in Gaza and energy cooperation between the two neighbors.

Raisi had twice postponed his visit, initially set for November, over scheduling issues and attacks in Iran's southeastern city of Kerman.

Türkiye is ready to cooperate with companies and other countries to help Libya unleash its huge potential in energy, Energy and Natural Resources Minister Alparslan Bayraktar has said.

Libya is important not only for Türkiye but also for global markets, Bayraktar said in a speech he delivered at the Energy and Economy Summit held in Tripoli on the weekend.

Work is underway for natural gas discoveries, and there could be more gas finds in the Black Sea, Energy Minister Alparslan Bayraktar has said.

Daily gas production in the Black Sea field is currently at 2.2 million cubic meters but will increase to 40 million cubic meters, the minister said in an interview on broadcaster CNN Türk.

Türkiye's public and private sectors will make energy efficiency investments worth a total of $20 billion by 2030, Energy and Natural Resources Minister Alparslan Bayraktar has said.

Türkiye will not have any gas supply problems this winter as the country has enough gas at its storage facilities, Energy Minister Alparslan Bayraktar has said.

"The Silivri underground storage facility is 100 percent full. We are entering the winter well prepared," the minister said after visiting the facility.

Türkiye will become one of the five countries in the world producing rare earth elements when the industrial facility in the province of Eskişehir becomes operational, Energy and Natural Resources Minister Alparslan Bayraktar has said.

The government's medium-term program attaches great importance to structural transformation as well as ensuring macro financial stability, Finance Minister Mehmet Şimşek said, adding establishing financial discipline will make it easier for Türkiye to achieve its goals in green and digital transformation.

Türkiye's reliance on imported energy resources declined to 67.8 percent in 2022 from around 70 percent in the previous years, Energy and Natural Resources Minister Alparslan Bayraktar has stated.

With winter in full bloom, questions have once again been raised over the daylight saving time practice in Türkiye, as Energy and Natural Resources Minister Alparslan Bayraktar has said that DST will continue and there will be no transition to winter time.