Natural Resources

Türkiye's fourth drillship, Abdülhamid Han, will start its operations in the first half of August, Energy and Natural Resources Minister Fatih Sönmez has said.

The Abdülhamid Han is currently docked at the Taşucu Port in the southern province of Mersin, preparing for its mission.

Turkey aims to increase its solar power panel production capacity to 9,110 megawatts by 2023 and become one of the top three producers in the world in this field, Energy and Natural Resources Minister Fatih Dönmez has said.

The government will be able to oversee price moves instantly with a new digital system, according to a decision taken at the Economy Coordination Board meeting on April 13.

The recent development in the global supply chains and the effects of rising commodity prices on the inflation rates were evaluated at the meeting chaired by Vice President Fuat Oktay, according to a statement.

Turkey's electricity installed capacity has exceeded 100,000 mega-watts (MW), Energy and Natural Resources Minister Fahit Dönmez has announced.

The share of renewables in the country's total installed capacity is 54 percent, according to the minister

In its fourth meeting, the Price Stability Committee vowed to fight soaring inflation rates with "new policies to achieve security of supply against excessive price hikes," according to a statement released by the Treasury and Finance Ministry late on April 5.

Turkey aims to counter rising global energy prices by developing more renewable energy projects, Energy and Natural Resources Minister Fatih Dönmez said on Feb. 22. 

The Turkish government is working on arrangements to reduce electricity bills some 25 percent for businesses, Energy and Natural Resources Minister Fatih Dönmez has said.

"A multiple-grade tariff will be brought for small businesses. A discount of 25 percent is being considered for the low-consumption grade," he told a private broadcaster on Feb. 17.

Drillship Fatih, owned by the Turkish Petroleum Corporation (TPAO), started drilling its third exploration well in the Sakarya Gas Field in the Black Sea region, Energy and Natural Resources Minister Fatih Donmez said yesterday.

Authorities are putting the final touches on work to ease the burden of electricity bills on households and businesses.

Government officials are devising a plan with different options, expected to be submitted to the cabinet soon.

Energy and Natural Resources Minister Fatih Dönmez said on Feb. 11 that the Turkish government is determined to draw up broad measures soon that will provide relief to families and businesses amid soaring utility bills.