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Turkey Overview

Turkey

in figures

Refinery Throughput542,000 bpd

Gas Consumption53.5 bcm

Installed Solar Capacity4.72 GW

Turkey: At the Energy Crossroads

Turkey’s role as transit centre for gas and oil from East-West dominates the projections for the future of this pivotal nation.

Itself a major oil importer Turkey is not a significant producer, although exploration in the Black Sea continues to hold out some hope for significant discoveries.

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Turkey Exploration and Production Activities Map

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Turkey Exploration and Production Activities

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Gazprom commits funds to TurkStream

Gazprom commits funds to TurkStream

December 30, 2016

Gazprom on Friday said it would extend more than USD 300 million in loans to its subsidiary overseeing the construction of the…

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IP Week, Energy Institute
IEA’s Birol weighs in on coup plot
July 22, 2016

The attempted coup by a small group within the Turkish Armed Forces last Friday will not greatly impact energy investment in Turkey, according to International Energy…

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Statoil enters Turkish licences
May 16, 2016

Statoil will farm into onshore acreage in Turkey’s Thrace region, the Norwegian company announced on Monday. Upon approval of the Turkish government, Statoil will…

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Oil prices up on downed Russian jet
November 24, 2015

Following Turkey’s apparent downing of a Russian-made fighter jet along the Syrian border on Tuesday, oil prices rose on an anticipated escalation in tensions in the…

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Turkish Stream pipeline talks frozen
September 11, 2015

Talks for the proposed Turkish Stream pipeline have been frozen between Turkey and Russia, Turkey’s energy minister Ali Riz Alaboyun announced at a press conference on…

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