Wants partnership with Saudi Arabia for energy hub: Turkey

 Turkey's finance minister has said that he wants to partner with Saudi Arabia and other countries for the purpose of establishing an energy center for Europe.

Finance Minister Nuruddin Nabati said in an interview to Arab News that "due to its geographical position, Turkey is an energy corridor for oil or gas delivered from Russia, Iran and Saudi Arabia."

He said that shipping natural gas or oil through Turkey would be cheaper and safer.

Speaking on the occasion of the 6th Future Investment Initiative Forum in Riyadh, the Finance Minister said, "Turkey and Saudi Arabia are also supporting each other, which will bring peace in the region." Peace will reduce the prices of gas and energy and both countries will be able to determine the future.

Saudi Arabia is the world's largest oil exporter and has the fifth largest gas reserves. Saudi Arabia has 300 trillion cubic feet of gas reserves, but it does not export gas to other countries and plans to increase gas production to minimize dependence on oil.

The Turkish Finance Minister has expressed these views after President Recep Tayyip Erdogan's statement in which he said that he has agreed with his Russian counterpart to make Turkey a gas hub.

Finance Minister Nuruddin Nabati said that "Europe is dependent on gas imported from Russia and their winters will be in trouble, so new measures are needed."

That is why our president said that Turkey, which is going to be the center, should take necessary steps to distribute Iranian or Russian gas. This will bring peace to the region and create an environment that will enable safe shipping.

On the occasion of the Investment Initiative Forum, Saudi Energy Minister Prince Abdulaziz bin Salman said that Saudi Arabia is also increasing oil exports to Europe. have reached

The Turkish Finance Minister said that Turkey has discovered natural gas reserves in the Black Sea and will start using natural gas in the coming months.

He said that keeping in view the vision of Saudi Arabia and Turkey 2023, cooperation between Saudi Arabia and Turkey in new fields will be possible in the coming days.

"We will step into a new century and play a role in bringing peace and prosperity to the region."

He said that Turkey has supported the hosting of Expo 2030 by Saudi Arabia and both countries stand together against terrorism.

Saudi Minister of Commerce, Majid al-Qasabi, told the Turkish television channel TRT in an interview that Saudi Arabia has invested about 18 billion dollars in Turkey, while three to five billion dollars are expected to be invested in new sectors.