Erdogan: Turkey will continue developing despite instability in the region

Statements after the cabinet meeting

Turkish President Recep Tayyip Erdogan said on Monday, after a cabinet meeting at the presidential complex in Ankara, that the country continues moving toward its development goals despite instability in the surrounding region. “Despite the cycle of instability around us, we continue our path of development in conditions of stability and confidence without interruption,” he was quoted as saying by the Anadolu agency.

Oil: new fields and revenue forecast

Erdogan announced oil discoveries at two additional fields. According to him, in the second half of 2027 production in the region will exceed 100,000 barrels per day from approximately 230 wells, and output is estimated to bring the economy about $4.4 billion in annual revenue. Turning to energy security, the president said that Turkey has minimized the impact of international crises by diversifying energy sources, routes and forms of supply, supported by active energy diplomacy.

The “Terror-Free Turkey” initiative

Separately, Erdogan addressed the “Terror-Free Turkey” initiative: according to him, cities long affected by migration and insecurity have regained their dynamism after the complete elimination of terrorism, and it is precisely then, as he put it, that Turkey will make its greatest economic leap. The president called the initiative not only a matter of public safety but also a strategic project that the government intends to complete — the “driving force” of the vision of a great and strong Turkey. No specific timelines or details of the initiative’s implementation were given in the report.