Turkey to Deploy Ship for Oil and Gas Search off Somalia

22 Jul 2024 CW Team

Turkey is set to dispatch a ship to search for oil and gas reserves off the coast of Somalia, marking a significant expansion of its exploration activities in the region. This move highlights Turkey's growing interest in the Horn of Africa?s hydrocarbon potential and its strategic ambitions in global energy markets.

The Turkish government has announced the deployment of the exploration vessel as part of its broader strategy to secure new energy sources and strengthen its position in the international energy sector. The mission will involve detailed seismic surveys and drilling operations aimed at assessing the viability of potential reserves beneath the Indian Ocean.

Turkey's interest in Somalia is driven by the country's untapped energy resources and its strategic location along key maritime routes. By exploring these reserves, Turkey aims to diversify its energy supply and reduce its dependency on imported hydrocarbons. The exploration is also seen as a way to bolster Turkey's geopolitical influence in the region.

The move has garnered attention from various stakeholders, including international energy companies and geopolitical analysts, due to its potential implications for regional energy dynamics and Turkey's expanding footprint in global energy exploration.

Somalia, with its significant yet largely unexploited offshore reserves, could become a pivotal player in the global energy landscape if successful exploration yields commercial quantities of oil and gas. Turkey's initiative underscores its commitment to expanding its energy portfolio and securing strategic resources for its growing needs.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..