Turkish oil and gas
- Turkey is well placed to serve as a hub for oil and natural gas supply headed to Europe.
- Turkey has been a major transit point for oil and is becoming more important as a transit point for natural gas.
- The country is also primed to become a significant natural gas pipeline hub.
- Currently most of its natural gas pipeline connections only bring natural gas to the country.
- Since 2010, Turkey has experienced some of the fastest growing energy demand among the OECD.
- The economy has avoided the prolonged stagnation that has characterised much of Europe for the past several years.
- Last year, Turkey’s total liquid fuels consumption averaged 712 000 bpd.
- Over 90% of total liquid fuels came from imports.
- Estimated proved oil reserves stood at 296 million bbls at the start of this year.
- Petroleum and other liquids production peaked in 1991 at 85 000 bpd.
- Most of Turkey’s 296 million bbls of proved oil reserves are located in the Batman and Adiyaman Provinces.
- In 2014, Turkey produced an estimated 61 000 bpd of petroleum and other liquids.
- Offshore and shale reserves may become a future source of Turkey’s oil supply.
- Crude oil imports are expected to double over the next 10 years.
- Last year, most of Turkey’s crude oil imports came from Iraq and Iran.
- As of January this year, Turkey had six refineries with a combined processing capacity of 663 000 bpd.
- Tupras is the country’s dominant refining firm and operates four refiners accounting for 85% of total refining capacity.
- Tupras owns approximately 59% of the total petroleum products storage capacity in Turkey.
- Natural gas reserves were at 218 billion ft3 at the start of this year.
- Turkey producers only a small amount of natural gas.
- Turkey is one of the few countries in Europe where natural gas consumption continues to show strong growth.
- Gas consumption in Turkey has increased rapidly over the past 10 years and hit a new high of 1.7 trillion ft3 last year.
- In 2014, Turkey imported 1.7 trillion ft2 of natural gas, accounting for 99% of total natural gas supply.
- Russia’s Gazprom is the single largest supplier of natural gas to Turkey.
- Turkey is Russia’s second largest export market for natural gas.
- There is little or no natural gas storage capacity and the country primarily relies on increased imports.
- Natural gas shortages are not uncommon in winter.
- Companies importing natural gas into Turkey are required to hold rights to storage capacity equal to 10% to their annual imports.
- In 2013, Turkey imported LNG from seven countries, accounting for 13% of total natural gas supply.
- LNG volumes arrive at the country’s two terminals Marmara Erglisi and Aliaga.
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