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Turkey discovered oil at two new fields in the Gabar region, named Gaziler and Çardaklı, with production beginning as of October and an estimated 135 million barrels of oil in place, President Recep Tayyip Erdoğan announced. Field development work and new well hookups are expected to lift the area's daily output by 30%, with roughly 230 wells projected to push regional production past 100,000 barrels per day in the second half of 2027. Erdoğan said 120,000 barrels per day would translate into an annual contribution of $4.4 billion to the economy. The finds matter for Turkey's efforts to curb its heavy energy import bill. Watch for confirmation of the 135 million-barrel estimate and the pace of well completions toward the 2027 target.

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Gabar, Recep Tayyip Erdoğan, Turkey, Gaziler, Çardaklı