Since Turkey does not have abundant oil and gas reserves, the country is importing the bulk of fuels needed to support its rapidly expanding economy. The government is trying to gain maximum advantage from the country’s strategic geographic position and diversify its energy supplies to ensure security of deliveries. Turkey has taken a course towards restructuring and liberalisation of the energy

sector in order to create a more competitive and free energy market. The government estimates that the investments in the overall energy sector, which includes oil and gas, needed to meet the total energy demand will be around USD 110bn by 2023. That is why Turkey has opened its energy sector to private and foreign investors.

06 OIL p.40

Highlights

Recent Developments

Crude Oil Reserves

Crude Oil Production

Crude Oil Imports

Crude Oil Supply

Production Outlook

Consumption Outlook

Petroleum Consumption

07 OIL PRODUCTS p.50

Highlights

Refined Fuel Production

Petroleum Product Consumption

Petroleum Product Imports

Petroleum Product Exports

08 NATURAL GAS p.56

Highlights

Recent Developments

Reserves

Production

Imports

Exports

Consumption

Production Outlook

Consumption Outlook

09 OIL AND GAS PIPELINES p.66

Highlights

Iraq-Turkey Crude Oil Pipeline

Ceyhan - Kirikkale Crude Oil Pipeline

Baku-Tbilisi-Ceyhan Crude Oil Pipeline

Batman-Dortyol Crude Oil Pipeline

Natural Gas Pipelines

Natural Gas Storage