By News Centre<\/p>\n
Minister of Energy and Natural Resources Alparslan Bayraktar and
\nChairman of the Zero Waste Foundation Samed A\u011f\u0131rba\u015f met with the
\nmanagers of digital news portals at an event hosted by the Zero
\nWaste Foundation. During the discussion program held the previous
\nday, Minister Bayraktar shared his assessments on ongoing work,
\ngeopolitical developments, and current issues.<\/p>\n
Key remarks by Minister Alparslan Bayraktar:<\/p>\n
A few weeks ago, we signed a cooperation protocol with the Zero
\nWaste Foundation here, and we are rapidly turning it into concrete
\nprojects. In the energy sector, T\u00fcrkiye is dealing with three
\nfundamental issues.<\/p>\n
First is rising demand. T\u00fcrkiye is a growing economy with an
\nincreasing population. We are entering a period where electricity
\ndemand will rise significantly. Global trends are pushing us in
\nthis direction. Electric vehicles are entering our lives. We are
\nmoving toward a more electrified T\u00fcrkiye and world. Our first task
\nis to meet this rising demand.<\/p>\n
The second issue is energy imports. As demand rises, imports
\nalso increase. This creates a burden on our economy.<\/p>\n
The third issue is the 2053 net-zero emissions target announced
\nby our President. This represents a world in which everything is
\nchanging. The Zero Waste initiative, under the leadership of First
\nLady Emine Erdo\u011fan, has become a global brand and was adopted by
\nthe United Nations. Behind it lies the global sustainability
\nmovement, and there is a need for global action. The Paris
\nAgreement is one pillar of this.<\/p>\n
In energy, we are dealing with these three major challenges.
\nThere is one solution that addresses all three: energy efficiency.
\nWe need a T\u00fcrkiye that uses energy efficiently across its entire
\neconomy. Just as Zero Waste has become a global brand, under the
\npatronage of Emine Erdo\u011fan and in cooperation with the Zero Waste
\nFoundation, we aim to elevate energy efficiency first in T\u00fcrkiye
\nand then globally in a short time.<\/p>\n
We need to mobilize 86 million people. We must increase
\nawareness. This is an issue from age 7 to 70. On April 23, we met
\nwith children and I told them: go home and tell your families to
\nturn off lights when not needed. We must build this awareness from
\na young age and spread it across the country. We believe
\nawareness-raising is the most effective path, and we signed a
\nstrong protocol with the Zero Waste Foundation. On June 5\u20137, we
\nwill host energy ministers at the Zero Waste Forum in T\u00fcrkiye.
\nPossibly in September, we will take this issue to a global summit
\nlevel.<\/p>\n
T\u00fcrkiye has many projects in place, but the cheapest energy
\nsource is saving energy. It also improves supply security and
\nreduces emissions when not consumed. What matters is mobilizing
\nthis awareness nationwide as a form of collective effort. We
\nbelieve Emine Erdo\u011fan\u2019s leadership will help raise nationwide
\nawareness.<\/p>\n
The UAE announced its withdrawal from OPEC+. The world is
\nundergoing a major breaking point in energy markets. There is a
\nsignificant supply disruption globally\u2014something we did not even
\nsee during the pandemic. Countries may pursue different strategies
\nor alignments outside OPEC+. We are analyzing these developments
\nand will see their effects.<\/p>\n
OPEC previously aimed to limit production and keep prices high.
\nMarket stabilization is something we expect in terms of pricing,
\nbut we must wait to see how this develops. Around 11 million
\nbarrels per day have effectively exited the global system.<\/p>\n
The incident involving Doruk Mining is important. As a
\ngovernment, we have done everything necessary. Yet we face unfair
\ncriticism that the Ministry of Energy did not support them.
\nWherever Doruk Mining operated in T\u00fcrkiye, problems followed\u2014unpaid
\nworkers, severance issues, and delayed payments. We intervene, but
\nthis company has made it a habit. We have introduced many
\nincentives to sustain coal mining.<\/p>\n
The opposition blocked regulations for coal fields in Yenik\u00f6y,
\nwhich would have left 3,000 miners unemployed. Of course, we also
\nneed environmental protection, but employment comes first for those
\nfamilies.<\/p>\n
We provide purchase incentives until 2029 for electricity
\nproduced from domestic coal plants. We have parliamentary authority
\nfor this. If there is any \u201cfavoritism\u201d being claimed, then we are
\nsupporting 30,000 mining workers\u2014what is the objection? However,
\nplants with unpaid workers, no filters, or tax debts cannot
\nbenefit. Even then, some companies still do not pay workers. I will
\nnot issue new licenses to such companies. They actually want
\nprotests in front of the Ministry so they can pressure the
\ngovernment into continuing subsidies. That will not happen.<\/p>\n
T\u00fcrkiye\u2019s energy policy is long-term, with results seen over 10,
\n20, or 30 years. We have a plan extending to 2050, updated every
\nfive years. The world is entering the age of artificial
\nintelligence, which will be transformative. We are entering a fully
\nelectrified world, and T\u00fcrkiye must redesign its next 30 years
\naround this.<\/p>\n
We are electrifying everything. T\u00fcrkiye has 34 million vehicles
\nand consumes 27 million tons of diesel annually. The world is
\nfacing a diesel crisis. We aim to expand a 63% localized
\nelectricity market and place electrification at the center of our
\nenergy architecture.<\/p>\n
We need investments in renewables, energy efficiency, and
\nelectricity transmission infrastructure worth tens of billions of
\ndollars. We also aim to strengthen electricity grids, gas, and oil
\npipelines in the region.<\/p>\n
We proposed extending the Iraq\u2013T\u00fcrkiye oil pipeline to Basra,
\nwhich could have allowed 1.5 million barrels per day to flow
\nthrough T\u00fcrkiye. We also aim to transport Qatari gas via Syria or
\nIraq to T\u00fcrkiye and Europe, bring Turkmen gas via the Caspian, and
\ndevelop electricity interconnections via Saudi
\nArabia\u2013Jordan\u2013Syria\u2013T\u00fcrkiye.<\/p>\n
Our new energy architecture is based on connectivity. We aim for
\nzero-carbon energy supply. By 2035, we expect 6\u20138 million electric
\nvehicles. Transportation will be heavily electrified.<\/p>\n
We are not abandoning oil and gas. T\u00fcrkiye still needs around 2
\nmillion barrels per day, and this demand is increasing.
\nElectrification will reduce it partially, but not eliminate it.<\/p>\n
We are entering a new phase of the National Energy and Mining
\nPolicy, now in its 10th year. T\u00fcrkiye Petroleum Corporation will
\nplay a more active role abroad. We are present in Somalia, Libya,
\nPakistan, Central Asia, and exploring projects in Venezuela. We aim
\nfor 1 million barrels per day production.<\/p>\n
We remain committed to the Mediterranean. After nine offshore
\ndrillings, we have not yet found a discovery like the Black Sea gas
\nfield. Our focus is increasing Black Sea production, where we see
\ngreat potential.<\/p>\n
We are also working on a natural gas pipeline project to
\nNorthern Cyprus. The State Pipeline Company (BOTA\u015e) is conducting
\nengineering studies. If successful, any discovered gas could be
\ndelivered to T\u00fcrkiye.<\/p>\n
At Akkuyu Nuclear Power Plant, we have no issues with Russia.
\nSome delays in equipment and financing were resolved with the
\nsupport of the Russian government and President Vladimir Putin.
\nFinancing for the first two reactors has been secured. Russia
\nremains engaged, and we are also exploring alternatives for the
\nSinop nuclear project with China, South Korea, and Canada.<\/p>\n
On rare earth elements, we initially worked with China, but
\nChina restricted technology exports. We continue to seek
\ntechnological alternatives. T\u00fcrkiye is preparing a Critical
\nMinerals Strategy, which will soon be announced. A committee will
\nbe formed involving ministries and institutions to map critical raw
\nmaterials and their transformation into final products.<\/p>\n
We have joint work in Syria in mining and oil. In northeastern
\nSyria, we have expressed interest in certain fields. Recently, we
\nsigned offshore cooperation agreements with Exxon, Chevron, BP,
\nShell, and Total. We are also close to signing another major
\nagreement with BP.<\/p>\n
We manage a portfolio approach to allocate resources
\nefficiently.<\/p>\n
If the Strait of Hormuz crisis continues and oil averages $100
\nper barrel, it could add $13.6 billion in costs by year-end. At
\n$125, this could reach $24 billion. Due to this crisis, there is
\nalso an estimated 600 billion TL tax shortfall from the fuel price
\nequalization mechanism.<\/p>\n","protected":false},"excerpt":{"rendered":"By News Centre Minister of Energy and Natural Resources Alparslan Bayraktar and Chairman of the Zero Waste Foundation…\n","protected":false},"author":2,"featured_media":23972,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,8362,25,5465,16379,16377,1242,148,1152,980,5134,16378,464,16376,9031,1246],"class_list":{"0":"post-23971","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ai","8":"tag-ai","9":"tag-analytics","10":"tag-artificial-intelligence","11":"tag-azerbaijan","12":"tag-azernews","13":"tag-baku","14":"tag-breaking-news","15":"tag-business-news","16":"tag-company-news","17":"tag-economy","18":"tag-financial-news","19":"tag-oil-and-gas-news","20":"tag-politics","21":"tag-socar","22":"tag-turkey","23":"tag-world-news"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/23971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=23971"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/23971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/23972"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=23971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=23971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=23971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}