Turkey seeks to reduce foreign energy reliance

Turkey is seeking to reduce its reliance on external sources for its energy needs by developing domestic resources and increasing the production of oil, gas, and nuclear energy, with the aim of strengthening its economic, strategic, and geopolitical independence. The Turkish Minister of Energy announced that increasing domestic energy resources will help decrease import expenditures, which reached approximately $100 billion in 2022, and achieve self-sufficiency in this sector by 2035. He also pointed out that the war on Iran has affected oil and gas flows through the Strait of Hormuz, and currently, Turkey is not facing any issues in securing its oil needs, emphasizing that national energy development efforts will enhance the country's political and economic strength.

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