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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.

A breakthrough year for Kuwait's KFH Khaled-AL-SHAMLAN
Interview
Kuwait - March 07, 2024

Khaled Alshamlan, CEO of KFH Kuwait, talks about the bank’s strategy for involvement in oil and gas and sustainable finance…

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TEY_post_Farid-SABER
Interview
Kuwait - June 01, 2023

Farid Saber, assistant group CEO of Gulf Insurance Group, talks to The Energy Year about the group’s key competitive…

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Shell sees a competitive hydrogen future in Oman_Walid-HADI
Interview
Oman - July 18, 2023

Walid Hadi, senior vice-president and country chair of Oman Shell, talks to The Energy Year about the company’s key initiatives to support Oman’s energy industry…

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Turkey hits a significant oil find near Syria
NEWS
Turkey - May 05, 2023

Turkish Petroleum (TPAO) has discovered the country’s largest oil find in the southeast of Turkey, the Turkish NOC announced on Wednesday.

The Şehit Aybüke…

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In a shifting LNG market, agility wins Oman LNG Hamed-AL-NAAMANY
Interview
Oman - May 03, 2023

Hamed Al Naamany, CEO of Oman LNG, talks to The Energy Year about the ongoing reshaping of the global LNG market and the company’s strategy for navigating it. Oman…

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Turkey-Italy pipeline moves to up capacity
NEWS
Multinational - February 02, 2023

The Trans Adriatic Pipeline has entered its first phase of development to increase gas flow capacity between Turkey and Italy, the asset’s operator announced on…

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Oil prices up on downed Russian jet
NEWS
Turkey - 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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Turkey’s TP to invest $2.3 bln abroad
NEWS
Turkey - November 23, 2015

Turkish Petroleum (TP) has announced plans to invest $2.3 billion abroad in 2016.

General manager Besim Sisman told local daily Hurriyet that the state-run Turkish…

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KRG resumes oil exports to Ceyhan
NEWS
Kurdistan Region of Iraq - September 28, 2015

Oil is once again flowing to Ceyhan through the pipeline connecting the Kurdistan region of Iraq to Turkey, read a statement released on Friday from the Kurdistan…

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Turkish Stream pipeline talks frozen
NEWS
Turkey - 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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Sabotage costs Kurdistan Region $501 mln
NEWS
Kurdistan Region of Iraq - August 19, 2015

Oil theft and pipeline attacks have cost the Kurdistan Region of Iraq $501 million between July 1 and August 17, the government’s Ministry of Natural Resources said…

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Turkey eyes Statoil’s TAP share
NEWS
Turkey - August 17, 2015

The Turkish government is eyeing Statoil’s 20-percent stake in the Trans Adriatic Pipeline (TAP) project designed to carry gas from Azerbaijan to Europe, according to…

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