President Recep Tayyip Erdogan revealed that the find is worth $12 billion About 150 million barrels of net oil reserves were discovered in Gabar Mountain, in Türkiye's southeast province of Sirnak, President Recep Tayyip Erdogan announced on Monday following a meeting with his Cabinet of Ministers. The find, said to be one of the ten largest onshore discoveries of 2022, is worth about $12 billion, the president stated. “We produce 5,000 barrels per day in four wells in this region, which has a very high oil quality,” Erdogan noted, as cited by Anadolu Agency. “While many oil and natural gas companies were throwi
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