Oil in Turkey

This article is about petroleum and petroleum products. For edible oils, see Agriculture in Turkey.

A large, low ship in front of a city skyline
Tankers, like this one in the Bosporus, are one way to export oil from Central Asia.

Oil supplies over a quarter of Turkey's energy.[1][2] Because the country produces very little oil,[3] it is almost completely dependent on imports of oil and oil products such as petrol and diesel,[4] over half of which is consumed in the country's road vehicles.[5] 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] After the 2022 Russian invasion of Ukraine, several European countries stopped buying Russian oil, petrol and diesel but Turkey's relations with Russia are such that it supplies most such imports.[8][9][10]

  1. ^ IEA (March 2021). Turkey 2021 – Energy Policy Review (Technical report). International Energy Agency. Archived from the original on 7 March 2022. Retrieved 19 December 2021.
  2. ^ "Energy consumption by source, Turkey". Our World in Data. Archived from the original on 1 April 2023. Retrieved 2 August 2022.
  3. ^ "Oil and Gas – Turkey". International Trade Administration, U.S. Department of Commerce. Archived from the original on 28 February 2023. Retrieved 2 August 2022.
  4. ^ Adal, Hikmet (25 February 2022). "Russia-Ukraine war: How will it affect Turkey's economy?". Bianet. Archived from the original on 25 February 2022. Retrieved 4 March 2022.
  5. ^ DifiglioGürayMerdan (2020), pp. 203.
  6. ^ DifiglioGürayMerdan (2020), pp. 206.
  7. ^ "Turkey's current account deficit at $4.1 bln in November; $48 billion in 2022". Reuters. 6 January 2023. Archived from the original on 8 January 2023. Retrieved 8 January 2023.
  8. ^ Cite error: The named reference :22 was invoked but never defined (see the help page).
  9. ^ Cite error: The named reference :23 was invoked but never defined (see the help page).
  10. ^ "Russia top energy supplier to Turkey despite Western sanctions".