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Bayraktar: Türkiye will deepen energy ties with Libya and seek cooperation with Venezuela
Turkish Energy Minister Alparslan Bayraktar said the partnership with Libya is one of the strongest indicators of Türkiye’s strategic vision for exploration beyond its borders. He also discussed oil and gas cooperation opportunities with Venezuela’s hydrocarbons minister on the sidelines of COP31.
Turkish Energy and Natural Resources Minister Alparslan Bayraktar said Türkiye would continue deepening its energy partnerships with Libya and work to turn its existing potential with Venezuela in the hydrocarbons sector into tangible cooperation.
Assessing his meetings on the sidelines of the COP31 conference in Antalya, Bayraktar said he accompanied President Recep Tayyip Erdoğan during his reception of Abdul Hamid Dbeibeh, prime minister of Libya’s Government of National Unity.
“At this stage, as we take our national energy steps into a new phase in exploration areas beyond our borders, we view our partnerships with Libya as one of the strongest indicators of our strategic vision. We will continue deepening our bilateral relations with friendly and brotherly Libya through tangible steps in the energy sector,” he said.
TPAO in Libya
Turkish Petroleum Corporation (TPAO) won two areas, one offshore and the other onshore, in February in Libya’s first oil and gas exploration licensing round in 17 years. At the time, National Oil Corporation Chairman Masoud Suleiman welcomed Turkish companies and said he appreciated their interest in investing in Libya’s oil sector.
During his meeting with Dbeibeh, President Erdoğan said initiatives would be taken to deepen relations between the two countries in several areas, particularly energy.
Opportunities with Venezuela
Bayraktar also met Venezuela’s Minister of Hydrocarbons Paula Henao Vera on the sidelines of the conference. They discussed possible joint projects in oil and natural gas, as well as energy trade and opportunities for reciprocal investment. The Turkish minister said: “In line with our vision of diversifying our international exploration and production portfolio, we will continue working resolutely to turn the strong potential we have with Venezuela in the energy sector into tangible cooperation.”
Ankara seeks to transform Turkish Petroleum Corporation into an international energy company with production capacity of 1 million barrels of oil equivalent per day. Bayraktar said in August that Türkiye operates across three continents through strong onshore and offshore partnerships, “from Kirkuk to Somalia, from Libya to Oman, and from Azerbaijan to Hungary.”
Photos: Anadolu
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