Turkey’s strategic geographic position at the crossroad between Asia, Europe and the Middle East, makes the country an important energy transition hub. The Turkish Straits, which include the Bosporus and the Dardanelles, are among the busiest waterways in the world and are primary oil export routes for Russia and the Asian oil producers. According to the EIA, some 48,000 vessels transit the straits each year. In 2016, an estimated 2.4 mmbbl/d of crude oil and petroleum products flowed through the Turkish Straits. Crude oil accounted for an estimated 80% of the total. Volumes peaked to more than 3.4 mmbbl/d in 2004, however Russia has shifted crude oil exports away from the Black Sea and toward the Baltic ports.

01 EXECUTIVE SUMMARY

02 SECTOR IN FOCUS

03 COMPETITIVE LANDSCAPE

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT

06 OIL

07 OIL PRODUCTS

08 NATURAL GAS

09 OIL AND GAS PIPELINES