Petroleum geology

Turkey’s oil imports up 42.4 percent in December 2021

Turkey's total oil imports increased by 42.4 percent on an annual basis to 4.03 million tons in December 2021, according to data released by the Energy Market Regulatory Authority (EPDK) yesterday.

Crude oil imports, the category with the highest oil import volume, rose by 45.9 percent in December to 2.98 million tons, the energy watchdog said in its monthly report.

Turkey's gas reserve volumes in Black Sea expected to rise

The increasing exploration and drilling efforts for new wells after Turkey's Fatih drillship discovered 405 billion cubic meters (bcm) of natural gas in the Black Sea is about to bear fruits with further gas volumes.

Turkish President Recep Tayyip Erdoğan will announce the recent developments in the field, which is expected to be about a new gas discovery.

Oil Exploration off Montenegro Triggers Fears for Environment, Tourism

Projections suggest Montenegro might have enough oil and gas out at sea to cover its own needs. It signed a concession contract in 2016 and officials say the first exploratory drilling might take up to six months.

But local residents and environmental activists are worried.

"There is no vision," said Natasa Kovacevic of the NGO Green Home.

Carefully planned response

Turkey is testing our patience and red lines. Every Greek is naturally deeply upset at the sight of a Turkish seismic survey vessel navigating a provocative course under the escort of several Turkish Navy units, all part of a well-staged show.