Turkey reportedly discovers energy in Black Sea

Turkey reportedly discovers energy in Black Sea

Turkey has discovered energy in the Black Sea, most likely natural gas, two people with direct knowledge of the matter said Wednesday, but gave no indication of the size and depth of the find, nor how difficult it will be to extract.

The two spoke after President Recep Tayyip Erdogan promised to deliver Turks "good news" on Friday that would usher in a new era for the nation. He has also vowed to pursue energy exploration in contested Mediterranean waters that has triggered rows with the European Union.

Energy Minister Fatih Donmez said last month that the drilling ship Fatih had started exploration in the so-called Tuna-1 zone, off the Turkish town of Eregli, Bloomberg reported.

Ankara resumed its search of the Mediterranean waters last week after German-mediated negotiations with Greece collapsed when Athens announced a maritime delimitation agreement with Egypt - in retaliation for a similar deal between Turkey and Libya. Erdogan said the European pressure wouldn’t make him change direction.

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