Giant electricity project covering 4 countries from Turkey! Minister Bayraktar announced the work on the table

Stating that they want the existing energy infrastructure to be used more effectively, Bayraktar drew attention to the daily capacity of 1.5 million barrels of the Iraq-Türkiye oil pipeline.

Bayraktar said, "We want to use our existing lines and existing infrastructure at the highest level. We want our lines to be full. The Iraq-Turkey oil pipeline has a capacity of 1.5 million barrels per day. Let's fill it." he said.

Stating that Türkiye aims to increase its capacity in natural gas transportation, Bayraktar stated that using the empty capacity in TANAP with additional gas and transporting more natural gas to Türkiye and to Europe via Türkiye is on the agenda.

Bayraktar stated that Türkiye's investments in gasification terminals and liquefied natural gas (LNG) infrastructure could enable more gas to be brought into the country and transmitted from there to Europe.

Stating that Türkiye continues its strategy of diversifying its energy resources, Bayraktar said that energy projects are aimed not only at meeting the country's needs but also at contributing to supply security on a regional and European scale.

Stating that global energy markets are facing a serious crisis, Bayraktar stated that despite international developments, there are no problems in terms of supply security of oil and oil products in Türkiye.

Pointing out that the developments affecting the production and supply processes of important oil producers such as Venezuela, Russia and Iran increased the pressure on global markets, Bayraktar stated that price movements affected the world economies.

Bayraktar stated that a long-term contraction in energy markets could have serious consequences on the global economy and emphasized that international cooperation should be developed. He stated that a more balanced structure of energy markets would be possible with the end of regional tensions and war.

Bayraktar also stated that they are in solidarity with Saudi Arabia due to the attacks of the Houthis, who have targeted civilian airports in recent days.

Emphasizing that Türkiye stands by the people of Saudi Arabia, Bayraktar said, "As Turkey, we are here to show that we stand by our Saudi Arabian brothers. I wish the heinous attacks to end, and I would like to express once again that we are always with our Saudi brothers. The Turkish people stand by the people of Saudi Arabia. We believe that our Saudi brothers will overcome these difficult days." he said.