Natural Resources

Türkiye aims to have three nuclear power plants by 2035, Energy and Natural Resources Minister Alparslan Bayraktar has said, adding that final decisions will be made regarding the planned two nuclear power plants next year.

The Akkuyu Nuclear Power Plant will commence power generation in 2025, the minister told a group of journalists.

The United States has exempted Türkiye from sanctions imposed on Russia's Gazprombank JSC, thereby allowing Ankara to proceed with its natural gas payments, Turkish Energy and Natural Resources Minister Alparslan Bayraktar has announced.

Energy and Natural Resources Minister Alparslan Bayraktar has announced that more than 350 Turkish nuclear engineers are now actively working at the Akkuyu Nuclear Power Plant (NPP).

"Türkiye, with its highly trained nuclear engineers, is taking a decisive step towards energy independence," Bayraktar stated, highlighting the strategic importance of the project.

A long-dormant pipeline project between Türkiye and Qatar could be revived following the fall of the decades-long Assad regime, Energy and Natural Resources Minister Alpraslan Bayraktar has said.

The government will take steps to shorten the authorization processes in the mining industry to improve the investment environment, Energy and Natural Resources Minister Alparslan Bayraktar has said.

Speaking at the Türkiye Mining Summit in Istanbul, the minister noted that it takes as long as 13 years for a metallic mine site to become operational.

Energy and Natural Resources Minister Alparslan Bayraktar emphasized the potential impact of U.S. sanctions on Russian energy company Gazprom, stating that Türkiye could be significantly affected if not granted an exemption.

Türkiye has outlined its plans for renewable energy capacity expansion and clean energy transformation by 2035 to investors at a meeting in London, which marked the start of the Presidential Investment Office's Europe tour, with upcoming stops in France, the Netherlands and Germany.

Energy and Natural Resources Minister Alparslan Bayraktar has announced plans to increase oil production in the Gabar Mountain region of Şırnak to 70,000 barrels per day by the end of the year.

The total amount of major investment drive for electricity generation from renewable energy will be around $80 billion in the next 11 to 12 years, Energy and Natural Resources Minister Alparslan Bayraktar has said.

Turkish research vessel Oruç Reis has arrived off the coast of Somalia to conduct seismic surveys for oil and natural gas, Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced on Oct. 25.

"Oruç Reis has reached its mission location after its journey across continents," Bayraktar shared on X.