The US State Department said on Tuesday that Turkey is an important country in diversifying European countries’ energy resources and reducing their dependence on Russia.

In his daily press conference, US State Department Deputy Spokesman Vedant Patel touched on Turkey’s talks with the American energy company ExxonMobil.

Patel noted that he would not comment on the ongoing trade talks, but stressed that Washington encourages all countries in the region to diversify energy resources and reduce their dependence on Russia.

He added, “Turkey, as the host country of the Southern Gas Corridor, plays a very important role in diversifying energy supplies in Europe and achieving independence from Russia.”

He stated that Ankara took steps to diversify its resources of liquefied natural gas during the war in Ukraine.

Turkish Minister of Energy and Natural Resources Alparslan Bayraktar announced talks with ExxonMobil to purchase 2.5 million tons of liquefied natural gas worth about $1.1 billion.

According to the statement of the Ministry of Energy and Natural Resources, Minister Bayraktar confirmed in an interview with the British newspaper the Financial Times that Turkey has taken various steps to increase its independence in the field of energy.

He pointed out that Turkey imports almost all of its natural gas needs and that it aims to create a new supply portfolio without relying on a single supplier.

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Turkish Trade Minister Ömer Bolat announced on Saturday that his country had raised the quota of Palestinian dates exempt from customs duties from 3 to 5 thousand tons.

In a post on his account on the “X” platform, he mentioned his meeting with the Palestinian Minister of Economy (former Khaled Asseily) in December 2023.

He added that he and Minister Asseily reached the necessity of raising the share of Palestinian dates exempt from customs duties, so that this would be announced today.

The Turkish minister expressed his hope that this step would bring goodness to the Palestinian economy, which he said was one of its basic elements.

Bolat affirmed that Turkey will continue to “meet the demands of the Palestinian brothers in various fields and by all means available to us.”

For its part, the Palestinian Ministry of National Economy quoted in a statement the Minister of Economy, Muhammad Al-Amour, as welcoming “the Turkish government’s decision.”

It added, “The Turkish decision comes in response to the Palestinian request regarding raising the quota of Palestinian dates exempt from customs and facilitating the entry of customs-free Palestinian agricultural products into Turkish markets.”

According to the statement, Al-Amour expressed, in a telephone call with Bolat, “his thanks and appreciation to Turkey as president, government and people for this decision that strengthens the steadfastness of Palestinian farmers in particular, and for all aspects of the continuing support that Turkey provides to the Palestinian people politically and economically and for the relief it provides to our people in the Gaza Strip.” .

In the 2023 season, date production in Palestine was estimated at about 18,000 tons, produced on 870 farms employing about 5,000 workers, according to statements by former Minister of Agriculture Riyad Al-Attar in September 2023, reported by official Palestinian news at the time.

According to Al-Attari, the revenues of this sector exceed $100 million annually, noting that Palestinian dates will reach 60 markets internationally during 2022.

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Turkey’s exports last January recorded an increase of 3.5 percent compared to the same month last year, and amounted to 19 billion and 991 million dollars.

Foreign trade data issued by the Turkish Statistics Authority and the Ministry of Commerce on Wednesday showed a 22 percent decrease in imports in the same month, reaching 26 billion and 218 million dollars.

The data indicated that the foreign trade deficit decreased by 56.4 percent in January 2024 compared to the same month in 2023, reaching $6 billion and 227 million.

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Turkish Minister of Energy and Natural Resources Alparslan Bayraktar said that his country plans to become self-sufficient in the field of energy during the next three decades, announcing that oil production in mountain Gabar (east) has exceeded 30 thousand barrels per day.

The Ministry of Energy and Natural Resources stated in a statement that Bayraktar held a meeting with a group of Turkish youth in the capital, Ankara, in which he answered their inquiries about topics related to the country’s work in the field of energy.

According to the statement, Bayraktar explained that one of President Recep Tayyip Erdogan’s goals for the “Century of Turkey” is energy independence.

He added: “Therefore, we have a definitive goal in energy, which is to make Turkey completely independent (self-sufficient) in the field of energy and save it from the import problem in the ‘Turkey Century,’ and we hope to achieve this within the next thirty years.”

The “Century of Turkey” is a vision announced by President Erdogan in late 2022, which includes the programs and goals of the Republic in its second centenary.

Bayraktar stressed that independence in the field of energy means Turkey’s independence, and that Turkey’s security in this field is an issue equivalent to Turkey’s national security.

He pointed to President Erdogan’s announcement of the discovery of a natural gas field off the coast of the Black Sea in August 2020, which is the largest in the country’s history, with a volume of gas that may meet between 25 to 30 percent of Turkey’s needs.

In late 2022, Turkey announced the discovery of an additional 170 billion cubic meters of natural gas in the Black Sea, bringing the total volume of discoveries to 710 billion cubic meters.

The Turkish Minister also referred in the context to the discovery of an oil reserve in the state of Şırnak (east) in May 2023.

He said: “We found crude oil in mountain Gabar and are extracting oil from the region. The daily production extracted from Gabar has exceeded 30 thousand barrels.”

Last May, President Erdogan announced the discovery of an oil discovery with a production capacity of 100,000 barrels per day in the state of Şırnak.

He added at the time: “I would like to announce new good news. We have discovered an oil field with a production capacity of up to 100,000 barrels per day in Gora Gabar.”

According to monitoring data from Turkey’s Mediterranean Program for the years 2024-2026, Turkey’s energy imports rose to a record level, recording $96.5 billion in 2022, accompanied by the impact of the sanctions imposed on Russia as a result of the Russian-Ukrainian war, which caused commodity prices to rise in the aforementioned year.

However, the decline in energy prices during the current year 2023, according to the same data in September of this year due to the increase in gas reserves in Europe and weak demand for it in China, Turkey’s energy imports decreased by 26.2 percent in the period from January to July. 2023 compared to the same period last year, declining to $41 billion.

In parallel, estimates based on data indicate that Turkey’s energy imports will decrease by 26.4 percent in 2023 compared to 2022 and decline to $71 billion.

It is expected that these imports will reach $77.3 billion in 2024 and $76.3 billion in 2025.

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Turkey’s revenues from aquatic product exports amounted to $1.4 billion during the first 10 months of this year.

A statement issued by the exporters’ unions of the Aegean region in western Turkey stated that expectations indicate that the value of the country’s exports of aquatic products will reach $1.7 billion by the end of 2023.

He added that those in charge of the sector also aim to reap revenues worth two billion dollars from exports of the same products during the next year.

According to the statement, Turkey’s exports of aquatic products reach the markets of more than 100 countries around the world.

European markets occupy first place in the list of most imported Turkish aquatic products.

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Turkey’s exports in October reached a record high of $22.9 billion.

In a press conference on Monday, Trade Minister Omer Polat explained that exports last October increased by 7.4 percent compared to the same month last year.

He said that Turkey’s exports last month recorded “the highest volume of exports in October ever, amounting to $22.9 billion.”

He also pointed out that annual exports amounted to $254.8 billion last October, an increase of 0.7 percent, and exceeded the record recorded at the end of 2022, amounting to $254.2 billion.

On the other hand, Polat said that imports in October recorded a slight increase and reached $29.6 billion.

He pointed out that the foreign trade deficit in October decreased by 15 percent compared to the same period last year and reached $6.7 billion.

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CEO of the German wind energy giant Nordex Group, Jose Luis Blanco, said that the group imports wind energy equipment from Turkey at a level of 600 million euros annually, and imports are expected to reach one billion euros next year.

This came in a statement he made following a meeting on wind energy supply chain challenges, solutions and alternatives for the European Union region, organized by the Turkish Wind Energy Association (TÜREB) and the European Wind Energy Association (Wind Europe) in the European Parliament.

Blanco pointed out in his statement that “Turkey is one of the largest supply chain centers for their companies, as wind energy equipment is supplied from Turkey at a level of 600 million euros annually, and most of this equipment is used in Western, Central and Northern Europe.”

He explained, “His company has an installed capacity of wind energy of 3.2 gigawatts in the country, and Turkey is the world’s largest exporter and supplier of the company’s steel towers. There are plans to increase supplies of equipment from Turkey. Imports are doubling and we expect them to reach one billion euros in 2024.”

The CEO revealed that “Turkey is an important market not only for his company, which he heads, but also for Europe and the energy sector,” stressing, “I believe that it will be beneficial for Europe to increase its mutual dependence in this sector with Turkey and move to a common market structure.”

He added: “The closer we get to the structure of the common market, the better it will be for both the sector and the company. For this reason, we believe that any obstacles that may arise in the trade agreements between the European Union and Turkey should be removed as much as possible.”

For his part, Ender Ozatay, Vice President and General Manager of Nordex in Turkey and the Middle East, stated that “the company’s installed wind energy capacity in Turkey amounts to 3.2 gigawatts.”

He added: “We grow by double digits every time. The growth we expect in Turkey for 2024 is more than 50 percent in terms of trading volume.”

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The volume of Turkey’s exports of small and medium-sized shipping vehicles during the first nine months of this year amounted to 3 billion 480 million 497 thousand dollars.

According to information from the UluDag Union of Vehicle Exporters on Monday, Turkey’s exports of small and medium vehicles declined during the first nine months of this year by 6.7 percent compared to the same period last year.

The data showed that Britain ranked first among the countries that import most Turkish freight vehicles.

According to the same data, Slovenia came in second place, followed by France in third place, then Italy fourth and Belgium fifth.

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The value of Turkish exports in lira in the first 9 months of the year amounted to 150 billion and 581 million liras (the dollar equals 27.7 liras).

According to information from the Turkish Ministry of Commerce data, the country’s exports increased last September by 0.3 percent, recording 22 billion and 670 million dollars.

Regarding trade in the Turkish lira, the country’s exports increased by 27 percent in September compared to the same month last year, reaching 20 billion and 342 million liras.

The volume of trade in September in lira reached 74 billion and 774 million liras, as imports recorded 54 billion and 432 million liras.

In the first nine months of the year, exports in pounds increased by 77.2 percent, recording 150 billion and 581 million pounds, while imports in pounds amounted to 416 billion and 73 million pounds.

The number of countries importing Turkish products in lira in September reached 165 countries.

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The European statistical office, Eurostat, said that the trade balance of the eurozone turned to record a surplus of 23 billion euros in June, amid a decline in imports and the abandonment of trade with Russia.

Eurostat said in a statement on Thursday that the trade balance surplus of the region (20 countries) in June comes after it recorded a deficit of 300 million euros last May.

The region’s imports fell 17.77% year-on-year in June to 229.3 billion euros; Exports rose 0.3 percent year-on-year to 252.3 billion euros in June.

In the first half of 2023, the trade balance of the region’s economies shifted to achieve a surplus of 5.3 billion euros, compared to a deficit of 151.8 billion euros in the first half of 2022.

The United States came as the largest trading partner of the eurozone in the first half, followed by China, the United Kingdom, Switzerland, Turkey and Norway, respectively.

Russia ranked tenth in terms of trading partners for the eurozone, with exports to it amounting to 20.5 billion euros, down by 31 percent.

Eurozone imports from Russia fell 76 percent in the first half to 29.3 billion euros ($91.9 billion).

The economies of the eurozone were affected by the negative repercussions of the Russian-Ukrainian war with the imposition of economic sanctions and economic restrictions against Moscow.

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