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Filyos Port Plays Role In Black Sea Gas Exploration

Filyos port plays role in Black Sea gas exploration

Filyos port
Zonguldak, Turkey (PortSEurope) October 19, 2020 – Turkey Petroleum Corporation (TPAO) has been operating Black Sea gas exploration activities from a base in the Northwest port of Filyos. In August, president Erdogan said that the Fatih exploration vessel had discovered in the Black Sea Turkey’s biggest-ever natural gas field holding estimated reserves of 320 billion m³. The discovery was made at the Tuna-1 well, where the Fatih launched drilling on July 20. Turkey’s
third drillship Kanuni is set to begin exploration for natural resources in the Black Sea in the first months of 2021, Energy and Natural Resources Minister Fatih Dönmez told Anadolu Agency (AA) Saturday. It will travel from Mersin in Southeast Turkey to Filyos. The port of Filyos is part of a regional development project to turn the it into a major logistics centre. The development of a Black Sea Despite the Covid-19 coruna virus pandemic, the construction project at the port of Filyos continues and is on schedule for completion this year. The port of Filyos is located at the Black Sea coast in Filyos town of Çaycuma district in Zonguldak Province, northwestern Turkey. “We estimate that it will generate billions of dollars in income only through transit”, said Mustafa Çakır, Chairman of the Board of Ulaş Customs Consultancy and Çakır Denizcilik Ticaret Limited Şirketi.  He added, “A port is the economic, social and cultural gate of that country that opens to the outside world. Ports have led to the formation of civilizations in the world economy as the most important trade and tourism centres throughout history. 85% of the world foreign trade volume is made by sea transport, it has increased its importance in trade because maritime transport is a preferred factor because it has a higher volume and low cost compared to other transportation methods, it is preferred to be reliable”. The 25 million-ton capacity Filyos Port Project is approaching the end and the port with a capacity of 25 million tons, with an industrial zone, will also connect the north-south axis. The industrial zone is forecast to employ over 10,000 people. With its location on the Black Sea coast, about 450 km east of Istanbul, the port could develop a role in North-South road and rail transport corridors on Turkey. The new port and its industrial zone are part of the larger Filyos project, which is designed to trigger economic development in the region and enable the region to be recognized nationally and internationally and attract investment. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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