Turkish President Recep Tayyip Erdogan announced the discovery of a new oil field in the region of Mount Gabar in the northeast of the country, Anadolu news agency reported.

According to him, the net volume of discovered oil reserves is 150 million barrels. He said the reserves are estimated to be worth about $12 billion. "This is one of the 10 largest onshore fields discovered in 2022," Erdogan noted.