Turkey will introduce tax breaks for the development of a gas field in the Black Sea 

Turkey

Turkey will provide tax breaks to Turkish Petroleum to support its $ 9.9 billion project to develop the Sakarya gas field in the Black Sea. The field’s reserves are estimated at 540 billion cubic meters.

The start of production at the developing field is scheduled for 2023, reports enkorr .

According to the information and analytical review of Turkey’s fuel and energy sector, in 2021, according to the International Energy Agency, 394 million cubic meters of natural gas were extracted in Turkey (-9% by 2020).

The country’s largest gas field, Marmara Kuzey, is located on the shelf of the Marmara Sea in the Thrace Basin, which provides about 95% of Turkey’s gas production.

Associated petroleum gas is also produced within the Batman and Adıyaman basins. Natural gas production in the Turkish Black Sea sector (production platforms Ayazli, D. Ayazli, Akkaya, Akcakoca) is conducted by a joint venture between TPAO, Petrol Ofisi, Park Place Energy and Foinavon.

Earlier, it was reported that Turkey and Deutsche Bank were finalizing talks on a 1 billion-euro ($ 1.1 billion) loan to finance the purchase of liquefied natural gas, which would reduce the country’s dependence on Russian imports. Джерело: https://biz.censor.net/n3335801

(C)CENSOR.NET 2022

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