Turkey is set to embark on new oil and gas exploration projects in Libya, Iraq, and Somalia, signaling a strategic push to reduce its dependence on imported energy. Energy Minister Alparslan Bayraktar announced the initiative on Tuesday, highlighting Turkey’s commitment to strengthening its energy independence.
Bayraktar stated that the Turkish Petroleum Corporation (TPAO) is actively pursuing exploration opportunities not only in Libya but also in Iraq, Somalia, and Azerbaijan. These efforts are part of a broader vision to diversify energy sources and ramp up domestic production.
At an investment promotion event held in Istanbul, Libya’s National Oil Corporation (NOC) showcased key opportunities in the country’s energy sector. The NOC is preparing to launch an international licensing round, offering 22 blocks for onshore and offshore exploration.
“This is a step forward in our long-term energy strategy,” Bayraktar said. “We’re not only looking to boost domestic output but also exploring new LNG partnerships to ensure more affordable and reliable energy supplies.”
Libya, meanwhile, is aiming to significantly increase its crude oil output, targeting 2 million barrels per day by 2027. The NOC is inviting foreign energy companies to re-enter the Libyan market and invest in its largely untapped reserves and infrastructure.