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Turkish Petroleum and US energy giant Chevron signed a memorandum of understanding to search and produce in potential oil and natural gas fields. Accompanying the agreement, Minister of Energy and Natural Resources Alparslan Bayraktar said, "With this cooperation agreement, we will carry out joint exploration and production activities."

On the occasion of President Recep Tayyip Erdoğan's visit to Saudi Arabia, an important energy agreement was signed between Türkiye and Saudi Arabia. According to the agreement signed by the Minister of Energy and Natural Resources Alparslan Bayraktar and the Minister of Energy of Saudi Arabia Abdulaziz bin Salman Al-Saud, a total of 2 thousand megawatts of solar power plants will be established in Sivas and Karaman. Minister Bayraktar said, "This project in the first phase of 2 thousand megawatts means an investment of approximately 2 billion dollars." Stating that the project will meet the electricity needs of 2.1 million households, Bayraktar said, "We will buy electricity at the lowest price we have seen in Türkiye to date."

Energy and Natural Resources Minister Alparslan Bayraktar pointed out that energy cooperation between Türkiye and Libya will begin to yield concrete results in 2026, saying, “It will be a year of energy cooperation between Türkiye and Libya , and the trade volume will reach much higher figures.” 

Minister of Energy and Natural Resources Alparslan Bayraktar gave important messages about cooperation with Libya in the field of energy. Minister Bayraktar, who made a visit to Tripoli, said, "We have very strong, ambitious goals and joint efforts. In this context, Türkiye will be very active in both onshore and offshore Libya," he said.

Energy and Natural Resources Minister Alparslan Bayraktar announced that an agreement will be signed with US company Chevron in Istanbul in February for hydrocarbon exploration activities. Minister Bayraktar said, “This will not be the last one; in the next phase, we will continue these agreements with international partners.”

Minister of Energy and Natural Resources Alparslan Bayraktar said, "We will drill in 6 new locations in the Black Sea for exploration. One of them is within the borders of Rize... A drilling we plan to do off the coast of Çayeli. We will look for the hydrocarbon source that we think is 4 thousand-4 thousand 500 meters." Bayraktar also noted that offshore drilling of Çayeli was for oil purposes.

An important memorandum of understanding was signed between Türkiye’s TPAO and ExxonMobil's subsidiary ESSO Exploration International Limited. The agreement, which includes new search areas in the Black Sea and the Mediterranean, will also cover other potential international areas to be mutually agreed upon.

Domestic oil production, which was 38 million barrels per year in 2024, reached 47.9 million barrels in 2025 with a 26 percent increase. In natural gas, Türkiye's total production, which was 2.3 billion cubic meters per year in 2024, increased by 39 percent to 3.2 billion cubic meters in 2025. Energy and Natural Resources Minister Alparslan Bayraktar said, “We made a significant move in domestic oil and natural gas production in 2025. We will use our domestic resources more efficiently in 2026.”

Within the scope of YEKA GES-2025 competitions organized by the Ministry of Energy and Natural Resources, contracts were signed for projects with a total capacity of 650 megawatts in 8 different areas. As a result of the competitions, a contribution of approximately 102 million Euros was made.

Minister of Energy and Natural Resources Alparslan Bayraktar announced a new natural gas supply agreement with Azerbaijan for a total of 33 billion cubic meters. Pointing out that the supply will start in 2029 and will last for 15 years, Minister Bayraktar said that the gas will come with the pipeline.

Minister of Energy and Natural Resources Alparslan Bayraktar announced the details of the drilling operation that Çağrı Bey Drilling Ship will carry out in Somalia. 

Minister of Energy and Natural Resources Alparslan Bayraktar announced that Çağrı Bey Drilling Ship will go to Somalia in February and will carry out Türkiye's first deep-sea exploration drilling abroad. Minister Bayraktar announced that the twin of Osman Gazi Floating Production Platform will also come to Türkiye in 2028.

Minister of Energy and Natural Resources Alparslan Bayraktar said, "2026 will be a new record year in renewables."

Minister of Energy and Natural Resources Alparslan Bayraktar said, "Türkiye is now moving more strongly towards a period when it will be a player abroad in energy and mines."

Türkiye's electricity installed power increased to 121 thousand 782 megawatts as of the end of November. Evaluating the electricity data of November, Minister of Energy and Natural Resources Alparslan Bayraktar pointed out that the installed capacity of renewable energy exceeded 75 thousand megawatts and left an important stage behind. Minister Bayraktar said, "1/3 of our established power consisted only of wind and sun."