Turkiye is in talks to boost exploration for oil and gas in Bulgaria, as well as a number of countries throughout its surrounding region including Iraq, Libya, Turkmenistan and Somalia. According to Turkish Energy Minister Alparslan Bayraktar, who spoke to Bloomberg, the state-owned energy company Turkiye Petrolleri AO (TPAO) is set to sign an agreement with an unnamed foreign partner within the next month in order to conduct exploration missions in Bulgaria’s section of the Black Sea. With Turkiye’s capacity to export gas via Bulgaria currently being around 3.5 billion cubic metres per year, Bayraktar stated that “what we need is an increase in the capacity of the interconnection between Turkey and Bulgaria.” The minister added that TPAO is also […]
