Turkey is the world's largest user of liquefied petroleum gas (LPG) for road transport. [6] Because Turkey produces only 7% of the oil it consumes, the country's total imports are worth more than its exports, which is a problem for its economy. [7]

Turkey is a net importer of oil & gas with potential prospects in the Thrace basin, offshore Mediterranean and Black Sea. Turkey spends over $40 billion every year for the imports of energy resources such as oil, natural gas and coal.

• Türkiye’s proved oil reserves, which are primarily located in the southeastern provinces of Batman and Adiyaman and the northwestern region of Turkish Thrace, were 371 million barrels as of January 1, 2023.

4 days ago · In the first 11 months of 2024, Russian oil accounted for roughly 65% of Turkey’s total oil imports, based on figures from the country’s energy regulator.

Feb 2, 2017 · Turkey plays an increasingly important role in the transit of oil. The country is strategically located at the crossroads between the oil-rich former Soviet Union and Middle East countries, and the European demand centers.

Feb 28, 2024 · Data from the International Energy Agency show that in 2021, 84 percent of Turkey’s energy supply was generated from coal, natural gas, or oil (see figure 1), reflecting a trend that goes back several decades.

Apr 12, 2025 · Newly discovered offshore oil and gas deposits in Pakistan’s territorial seas could be brought to surface by Pakistan and Turkey. The two countries this week signed an agreement at the 2025 ...

On December 12, 2022, Türkiye’s President Recep Tayyip Erdogan announced Türkiye Petrolleri Anonim Ortaklıği’s (TPAO) discovery of 150 million barrels of oil reserves, valued at $12 …

5 days ago · The Iraqi Oil Ministry has announced a new subsea oil pipeline deal with Italian offshore contractor Micoperi and Turkish firm Esta. This pipeline, with a capacity of 2.4 million bpd, will support ...

Crude Oil Production in Turkey increased to 116 BBL/D/1K in December from 110 BBL/D/1K in November of 2024. This page provides - Turkey Crude Oil Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.