Erdogan says Türkiye maintaining development drive despite regional instability

Yenişafak English AA
10:02, 10/11/2026, Tuesday
AA
Erdogan says Türkiye maintaining development drive despite regional instability
File photo

President Recep Tayyip Erdogan said on Monday that Türkiye would continue its development trajectory undeterred by regional turbulence, announcing new oil discoveries projected to yield $4.4 billion annually by 2027 as part of a broader strategy to secure energy independence and eliminate terrorism.

Strategic development

President Recep Tayyip Erdogan declared on Monday that Türkiye would maintain its developmental momentum regardless of regional turbulence. Speaking to reporters following a Cabinet meeting at the Presidential Complex in Ankara, he said: "Despite the cycle of instability surrounding us, we are continuing our development journey in stability and confidence without interruption."

Energy production targets

The Turkish leader outlined ambitious petroleum discoveries in two additional fields, projecting that daily output would surpass 100,000 barrels during the latter half of 2027 through approximately 230 operational wells. This expansion would generate an estimated $4.4 billion in annual revenue, he said.

On energy security matters, the president noted that Ankara has minimized vulnerability to international crises by diversifying its sources, supply routes and forms. Active energy diplomacy has secured the nation's supply chains against external shocks, he added.

Security and economic vision

Addressing the "Terror-Free Türkiye" initiative, Erdogan stated that cities long affected by migration and insecurity would regain economic momentum once terrorism was fully eliminated. "That is when Türkiye will make its greatest economic leap," he said, describing the project as a strategic priority driving the vision of a great and strong Türkiye.

Page End
Turkey's Accumulation. International Media Group.

Welcome to the news source that sets Turkey's agenda! With its impartial, dynamic, and in-depth journalism, Yeni Şafak offers its readers an experience beyond current events. Get instant updates on what's happening in Turkey and worldwide, with news spanning a wide range from politics and economy to culture, arts, and sports. Access the most accurate information anytime, anywhere with its digital platforms; keep up with the agenda with Yeni Şafak!

Follow us on social media.
Download Mobile Apps

Carry the agenda in your pocket! With Yeni Şafak's mobile apps, get instant access to the latest news. A wide range of content, from politics to economy, sports to culture and arts, is at your fingertips! Easily download it on your iOS, Android, and Huawei devices to quickly access the most accurate information anytime, anywhere. Download now, don't miss out on developments around the world!

Categories
Albayrak Media

Maltepe Mah. Fetih Cad. No:6 34010 Zeytinburnu/İstanbul, Türkiyeiletisim@yenisafak.com+90 212 467 6515

LEGAL DISCLAIMER

The BIST name and logo are protected under a 'Protection Trademark Certificate' and cannot be used, quoted, or modified without permission. All information disclosed under the BIST name is fully copyrighted by BIST and may not be republished. Market data is provided by iDealdata Financial Technologies Inc. BIST stock data is delayed by 15 minutes.

© Net Medya, All right reserved. 2026