World Daily News
Business
Turkey / Somalia / Mediterranean

Turkey's Oruc Reis Ship Begins Oil Exploration Mission in Somalia

Images from the reference sources
The Turkish ship Oruc Reis is set to explore oil and gas resources off the coast of Somalia, following a memorandum of understanding signed between the two nations. The mission, expected to last seven months, will involve seismic research in three exploration fields.

Turkish Ship Oruc Reis Sets Sail for Oil Exploration in Somalia

The Turkish research vessel Oruc Reis is embarking on a significant mission to explore energy resources off the coast of Somalia. This initiative follows a memorandum of understanding signed between Turkey and Somalia in March, aimed at evaluating and developing oil production in Somali territorial waters. The Turkish Energy Minister, Alparslan Bayraktar, confirmed that Oruc Reis will conduct comprehensive oil and gas exploration and research activities.

Currently docked at the port of Filyos in Turkey's Zonguldak province, Oruc Reis is preparing for its departure to Somalia, with a planned route that includes a stop in Istanbul before heading south. The vessel is set to undertake seismic research in three licensed exploration fields, each covering an area of 5,000 square kilometers. This extensive mission is expected to last approximately seven months and will be supported by additional ships, including the Zaganos Pasha and Sinjar, as well as two Turkish Navy frigates.

The Oruc Reis, which began construction in Istanbul Shipyards in 2012, officially entered service in 2015 and has a rich history of exploration, including missions in the Mediterranean Sea. Measuring 87 meters in length and 23 meters in width, it is one of only six multi-purpose research vessels globally, equipped with advanced technology for conducting seismic surveys at depths of up to 15,000 meters. Its capabilities extend beyond oil and gas exploration to include environmental assessments and site selection for various marine infrastructures.

This mission not only marks a strategic partnership between Turkey and Somalia but also highlights Turkey's growing role in energy exploration within the region. As the Oruc Reis sets sail, it represents a significant step towards enhancing energy security and resource development in Somalia.

Clam Reports
Refs: | Aljazeera |

Trends

Business

EU Approves Tariffs on Chinese Electric Cars Amidst Division

2024-10-04T15:48:29.203Z

The EU has approved tariffs up to 36.3% on Chinese electric cars amid divisions among member states, with Germany opposing the measure while advocating for a negotiated solution with China.

Business

Middle East Conflict Escalates: Biden's Statements on Iranian Oil Facilities Impact Global Oil Prices

2024-10-04T15:48:45.578Z

The conflict in the Middle East is escalating, with President Biden's statements about potential attacks on Iranian oil facilities affecting oil prices and raising concerns about a broader regional conflict.

Business

Turkey's Oruc Reis Ship Begins Oil Exploration Mission in Somalia

2024-10-04T15:18:58.245Z

The Turkish ship Oruc Reis is set to explore oil and gas resources off the coast of Somalia, following a memorandum of understanding signed between the two nations. The mission, expected to last seven months, will involve seismic research in three exploration fields.

Business

Egypt's Bold Move to Mix Corn with Wheat in Bread Subsidy Program

2024-10-04T13:50:33.997Z

Egypt is planning to mix corn flour with wheat to reduce bread subsidy costs, facing industry opposition but aiming for significant savings amid rising economic pressures.

Business

Germany Opposes EU's Tariff Increase on Chinese Electric Cars Amid Trade War Fears

2024-10-04T18:09:31.218Z

Germany's opposition to the EU's decision to impose significant tariffs on Chinese electric vehicles raises fears of a trade conflict, with major automakers urging for negotiations to avoid protectionist measures.

Business

UK Auto Industry Demands Increased Government Support for Electric Vehicle Growth

2024-10-04T13:39:17.895Z

The UK auto industry is urging the government to provide more support and incentives for electric vehicle development as it struggles to meet sales targets amid increasing pressure from global trade dynamics.

Latest