ENAG President Veysel Ulusoy: They have completely lost touch with reality
Economist and ENAG (Inflation Research Group) President Veysel Ulusoy has reacted to Treasury and Finance Minister Mehmet Şimşek's statements that oil in Gabar will reduce the current account deficit.
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Veysel Ulusoy's tweet is as follows:
They have completely lost touch with reality
Economist and ENAG (Inflation Research Group) President Veysel Ulusoy made a statement following Treasury and Finance Minister Mehmet Şimşek's remarks regarding oil in Gabar.
It is time to mock their reasoning.
For a finance minister to post such a message without doing the math on the Anadolu Agency report reveals issues with their ability to think.
Little do they know, this is just pocket change...
Treasury and Finance Minister Mehmet Şimşek's tweet is as follows:
Oil production in Gabar will meet 10 percent of our country's needs in 2024. Thus, the current account deficit will permanently decrease and reserve accumulation will accelerate.
As of 2026, total oil production will reach a level that will meet 18 percent of our needs.
AA's statement regarding oil in Gabar:
Daily oil production in Gabar has reached 25 thousand barrels
TPAO General Manager Melih Han Bilgin:
Our target for the end of 2024 is 100 thousand barrels of production per day