Erdoğan says he will announce 'good news' Friday

Photo: AA

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As Turkey turned back the 1920 Treaty of Sevres, it will do the same to efforts to restrict it from energy resources near its shores, President and Justice and Development Party (AKP) Chair Recep Tayyip Erdoğan said today (August 19).

"Just as it rejected the Treaty of Sevres 100 years ago, Turkey will not bow down to the modern Sevres being pushed on it in the Eastern Mediterranean," Recep Tayyip Erdoğan said in the capital Ankara.

Speaking at a solar energy firm, Erdoğan said "no colonial power can deprive Turkey of the energy resources said to exist in the region."

The President also said that he would announce "good news" that will open a new era in Turkey.

Speaking after Erdoğan, the Minister of Treasury and Finance also said that the "good news" would "create a change of axis," but did not give any details about it.

Following Erdoğan and Albayrak's remarks, shares of TÜPRAŞ, an oil refinery company, and PETKİM, a petrochemical company, increased.

Citing "two sources with direct knowledge of the matter," Bloomberg reported that Turkey discovered "energy, most likely natural gas." (AÖ/VK)