World Bulletin / News Desk
"We will take steps this year towards exploring and drilling in the Black Sea and the Mediterranean Sea," the minister said at the IHS CERAWeek 2017 energy conference in Houston.
"After our first seismic exploration vessel Barbaros Hayrettin Pasa, our second vessel will actively conduct 2-D and 3-D seismic exploration in both of our seas," he added.
Barbaros Hayrettin Pasa explored oil and natural gas resources two years ago off the coast of the Cyprus Island, but its activities were interrupted in March 2015 when tensions rose between the Greek Cypriot administration and the Turkish Cypriot government over ownership of the resources.
The Turkish Republic of Northern Cyprus has since stated that the resources of the island belong to both communities.
Albayrak emphasized that more than 60 percent of the world's oil and natural gas resources are in the region of Turkey, and that the country is entering a new era to realize new investments by taking significant steps in the energy sector.
"With the responsibility of being the most stable and strongest country in the region; Turkey, which is surrounded by rich energy resources, will continue to work decisively and intensively in the forthcoming period," he said.
Albayrak underlined that Turkey has made significant investments in recent years on natural gas storage and in the diversification of energy sources, and noted that the Turkish Energy Ministry has recently accelerated oil and gas exploration.