Turkiye Discovers 75 bcm Natural Gas Reserve In Black Sea
ISTANBUL, May 17 (Bernama-Anadolu) - Turkiye has discovered a new natural gas reserve of 75 billion cubic metres (bcm) in the Black Sea, President Recep Tayyip Erdogan announced on Saturday, Anadolu Ajansi reported.
"We have discovered a new natural gas reserve of 75 billion cubic metres in the field. With this amount, we will be able to meet residential demand alone for approximately 3.5 years," Erdogan said during his speech at the opening of the Istanbul Physical Therapy and Rehabilitation Training and Research Hospital.
"Our work at the Goktepe-3 well (in the Black Sea), which began on March 27 with our seventh-generation drilling ship Abdulhamid Han, was completed as of yesterday," he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
an hour ago
- The Star
Bursa up as investors welcome trade framework
At 5pm, the FBM KLCI rose 6.89 points, or 0.45% to 1,523.84 from Tuesday's close of 1,516.95. KUALA LUMPUR: Bursa Malaysia ended higher yesterday, with investors adopting a cautiously optimistic stance following the announcement of a United States-China trade framework agreement, which includes provisions on technology trade. At 5pm, the FBM KLCI rose 6.89 points, or 0.45% to 1,523.84 from Tuesday's close of 1,516.95. The benchmark index opened 3.91 points higher at 1,520.86 yesterday morning, which was its day's low, and subsequently moved to a high of 1,530.85 in the early session. On the broader market, gainers thumped decliners 545 to 375, while 528 counters were unchanged, 921 untraded and 11 suspended. Turnover soared to 3.27 billion units worth RM2.59bil compared with yesterday's 2.72 billion units worth RM2.09bil. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan told Bernama that the development in the US-China trade negotiations marks a constructive step toward de-escalation, although it falls short of a material breakthrough. Domestically, the market found additional support from encouraging macroeconomic data, with figures released yesterday by the Statistics Department showing that the sales value of the manufacturing sector rose by 4.8% year-on-year in April 2025, reaching RM160.6bil. — Bernama
Free Malaysia Today
6 hours ago
- Free Malaysia Today
Erdogan says Turkey to export 48 fighter jets to Indonesia
Turkey's defence sector is famous for its Bayraktar drones. (EPA Images pic) ANKARA : Ankara has agreed a deal to export 48 Turkish-made fighter jets to Indonesia, president Recep Tayyip Erdogan announced today. Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues. 'As part of the agreement signed with our friendly and brotherly country, Indonesia, 48 Kaan (fighter jets) will be produced in Turkey and exported to Indonesia,' Erdogan wrote on X. The contract, valued at US$10 billion, includes the production and delivery of the Kaan fighter jets to Indonesia over a ten-year period, according to Turkish media. The deal also includes a technology transfer to Indonesia, Turkish broadcaster TRT Haber reported. 'Indonesia's local capabilities will also be utilised in the production of Kaan' jets, the Turkish head of state said on X, without providing further details. The fifth-generation fighter jet Kaan, produced by state-run Turkish Aerospace Industries (TAI), made its first flight in February 2024. It was then equipped with the same type of engines as those of the F-16 fighter jets but Turkey ultimately plans to equip Kaan jets with a locally produced engine. In 2024, Turkey's defence industry export revenues reached US$7.1 billion, an increase of US$1.6 billion compared with 2023.
The Star
7 hours ago
- The Star
Vertical schools in housing projects to help reduce transport costs, says PM Anwar
KUALA LUMPUR: The integration of a vertical school concept within the Rumah Bakat Madani housing project in Penang is expected to enhance student safety and ease the transportation cost burden on families, says Datuk Seri Anwar Ibrahim. The Prime Minister said that incorporating educational elements into residential development is part of the Madani government's initiative to build compassionate neighbourhoods and foster community development based on Madani values. Anwar said this approach underscores the government's commitment to promoting holistic well-being for the people, rather than focusing solely on physical structures and architectural design. "The planned vertical school element, integrated with the housing project, aims to ensure student safety, and I believe it can also help families save on transportation costs,' he said in a Facebook post on Wednesday (June 11). He also stressed that the Madani government placed strong emphasis on expediting project approvals through collaboration across ministries, agencies and with the involvement of state governments. Anwar said the project was an initiative involving private developer SkyWorld, aimed at enabling low- and middle-income groups to own affordable homes. "I was informed that the development will also include essential infrastructure and comprehensive facilities such as schools and childcare centres, surau, commercial spaces, as well as landscaped areas and parks,' he said. Earlier, the Prime Minister attended a presentation session on the project concept with the developer's representatives in Putrajaya.- Bernama
