Türkiye Pushes For Further Hydrocarbon Exploration by Year’s End
Turkey may reach agreements to make acquisitions or further explore for hydrocarbons by the end of the year as part of its target to produce 1 million barrels of oil and natural gas a day, Energy Minister Alparslan Bayraktar said on Tuesday.Speaking at the Turkey Energy Summit in Istanbul, Bayraktar said Turkey had a production capacity of 300,000 barrels of oil equivalent, adding that the current planning had this reaching 550,000 to 600,000 by 2028Reaching the target would mean more than tripling Turkey's current output, and even the level planned for 2028 would leave it well short.
Nigeria, Morocco to Sign $25b Gas Pipeline Agreement
An intergovernmental agreement (IGA) on a planned $25 billion Nigeria-Morocco gas pipeline will be signed this year, the head of Morocco's hydrocarbons and mining agency (ONHYM) said.Agreed a decade ago, the project - known as the African Atlantic Gas Pipeline - would run 6,900 km on a hybrid offshore-onshore route with a maximum capacity of 30 billion cubic metres (bcm), including 15 bcm to supply Morocco and support exports to Europe, ONHYM's Amina Benkhadra told Reuters by email.The pipeline, which has the backing of the Economic Community of West African States (ECOWAS), has completed its
