Turkey increases oil production: Erdogan says they continue decisive fight

(Paria) - Turkish President Recep Tayyip Erdogan stated in Istanbul that the country plans to increase domestic oil production to 100,000 barrels per day next year.

"We plan to increase domestic oil production to 100,000 barrels per day next year," Erdogan said at an event within the scope of Turkey Innovation Week, Beta reports.

He emphasized that Turkey will "continue its decisive fight" until it becomes among the ten leading economies in the world.

"Step by step, we are solving the problem of the cost of living, which is the biggest source of trouble for the whole world, including Europe and America," said Erdogan.

Erdogan also said that the budget for defense industry projects has increased from 5.5 billion to over 75 billion dollars and added that exports in this sector will likely exceed four billion dollars this year.