(MENAFN- AzerNews)
By Nur Banu Aras
Turkiye and Malaysia are planning to cooperate in the oil
exploration sector, Yeni Shafak newspaper reports, citing Fatih
Donmez, Energy and Natural Resources Minister.
Donmez made important statements regarding the energy agenda
following the cabinet meeting.
Donmez said that he had a meeting with Petronas President Mohd
Bakke Salleh of Malaysia on the sidelines of the G20 Energy
Ministerial Meeting in Indonesia.
“This was a critical meeting. We made joint decisions to
strengthen bilateral cooperation. Our president has also made an
announcement. We will strengthen our cooperation in the sector of
energy, particularly in oil and gas exploration, with our brotherly
country Malaysia,” Donmez stressed.
He added that the Turkish government carried out intense energy
diplomacy in late August.
“Qatar and Oman are our friendly and brotherly countries.
Negotiations continue. Hopefully, we will get a positive result,'
he said.
'Negotiations on Akkuyu are still ongoing. To coordinate this
activity, we created a delegation from both Russia and Turkiye.
They held their first meeting, and now they will hold their second.
Our president is also keeping a close eye on the situation. There
is no agreement yet, but we reminded both parties that they should
be more collaborative and use common sense and that the project
timeline cannot be postponed,' Donmez stressed.
Donmez underlined that the support for natural gas and
electricity consumers persists.
'At the moment, our government subsidizes 80 percent on natural
gas and 50 percent on electricity at the first stage. It's the same
as it was at the start of the year. A subsidy cost of roughly 100
billion lira ($5.4 billion) was announced last year. That number
might nearly double this year,' he said.
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