Latest news with #Karadeniz
Asharq Al-Awsat
17-05-2025
- Business
- Asharq Al-Awsat
Türkiye Finds New Natural Gas Reserve in Black Sea
Türkiye has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday. "With this discovery, we will meet the natural gas needs of homes in Türkiye for 3.5 years," Erdogan said during an event in Istanbul, Reuters reported. The discovery, with an economic value of around $30 billion, was found in the Goktepe-3 well at a depth of 3,500 metres, Erdogan said. Türkiye's daily natural gas production at its flagship Sakarya field in the Black Sea has reached around 9.5 million cubic metres, as the country ramps up its energy ambitions both at home and abroad. Türkiye, which imports over 90% of its energy needs, is pushing to cut its import bill and boost supply security by developing domestic resources and expanding international partnerships in oil and gas exploration.
Yahoo
11-05-2025
- Politics
- Yahoo
Erdogan says efforts to end Ukraine war at 'turning point'
Turkish President Recep Tayyip Erdogan on Sunday told Russian and French leaders that a "historic turning point" has been reached in efforts to end the Russia-Ukraine war and that Ankara was ready to host talks between the two warring parties, his office said. NATO member Turkey has sought to maintain good relations with both of its Black Sea neighbours since the Russian invasion began and has twice hosted talks aimed at ending the war. Ukrainian President Volodymyr Zelensky said on Sunday he expected Moscow to commit to a 30-day ceasefire, adding that Kyiv was "ready" to meet Russia for direct truce talks if it did so. His comments came after Russian President Vladimir Putin proposed direct negotiations with Ukraine on May 15 in Istanbul but did not address the 30-day ceasefire proposal. Erdogan welcomed the Russian leader's statement that peace talks should resume in Istanbul where they left off, in a phone call with Putin on Sunday, his office announced. He told Putin that "Turkey is ready to host negotiations aimed at achieving a lasting solution," according to his office. Erdogan also said that "a window of opportunity has opened for reaching peace, and that achieving a comprehensive ceasefire would create the necessary environment for peace talks." - 'Window of opportunity' - The Turkish leader also spoke with French President Emmanuel Macron, who visited Kyiv on Saturday with the leaders of Germany, Britain and Poland. The leaders of France, the UK, Germany and Poland pressured Russia -- with US President Donald Trump's support -- to commit to an unconditional ceasefire in Ukraine starting from Monday. In a phone call, Erdogan told Macron that "a historic turning point has been reached in efforts to end the war between Ukraine and Russia, that this opportunity must be seized, and that Turkey is ready to provide all kinds of support, including hosting negotiations, to achieve a ceasefire and lasting peace," the Turkish presidency said. Paris confirmed the phone call between the two leaders took place. On May 5, Trump said he wanted to work with Erdogan to end the Ukraine war, after the two leaders spoke by telephone. Turkish Foreign Minister Hakan Fidan took part in a meeting on Saturday of European countries supporting Ukraine. According to a Turkish diplomatic source who wished to remain anonymous, Fidan said: "Turkey is ready to undertake its duty in observing the ceasefire if it is established." fo/sbk
