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Turkey and ExxonMobil Sign MoU for Energy Exploration in Black Sea and Mediterranean

Published January 8, 2026, 20:04
Turkey and ExxonMobil Sign MoU for Energy Exploration in Black Sea and Mediterranean

Turkey and ExxonMobil have signed a Memorandum of Understanding (MoU) to expand their cooperation in oil and natural gas exploration in the Black Sea and the Eastern Mediterranean. Turkish Energy Minister Alparslan Bayraktar stated that the goal is to enhance operational efficiency and discover new reserves, combining Turkey's technical capabilities with ExxonMobil's international experience. Turkey aspires to become an energy hub and regional center, promoting its energy independence through international collaborations.