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Gabar oil potential grows
Turkish Energy Minister Alparslan Bayraktar announced the start of production at the Gaziler and Çardaklı fields in the Gabar area of Şırnak province. The oil resources underground are estimated at around 135 million barrels, though this does not mean that all of that amount is recoverable. Gabar currently produces 84,000 barrels a day from 184 wells, covering about 8% of Turkey’s consumption. Ankara aims to exceed 100,000 barrels a day during 2027. Bayraktar added that cumulative production has reached 75.4 million barrels, and estimated that it had helped reduce the current-account deficit by around $6 billion.
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