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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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Kurdistan Region to debut new oil pipeline
NEWS
Kurdistan Region of Iraq - April 04, 2017

A new oil pipeline to move crude from fields in the Kurdistan Region of Iraq to Turkey is nearing completion, local media wrote on Monday.

The 35-kilometre feeder…

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Gazprom outlines strategy as sales slide
NEWS
Russia - March 02, 2017

Russia’s gas giant Gazprom released data on Wednesday showing that its gas exports to Europe and Turkey dipped in February, while its potential income for 2017 was…

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Genel drops Kurdistan Region licences
NEWS
Kurdistan Region of Iraq - January 24, 2017

Genel Energy will exit the Chia Surkh and Ber Bahr licences in the Kurdistan Region of Iraq, the company said in a trading and operations update notice on…

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Siemens wins major Iran deal
NEWS
Iran - January 24, 2017

Siemens has won an order for compressor stations in Iran worth tens of millions of euros, the company announced on Monday.

The German conglomerate will supply 12…

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Interview
Abu Dhabi - January 23, 2017

TOGY talks to Christopher Gunson, partner at Amereller, about the oil and gas industry in the UAE and the surrounding region, other countries with potential, and the…

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Gazprom commits funds to TurkStream
NEWS
Turkey - December 30, 2016

Gazprom on Friday said it would extend more than USD 300 million in loans to its subsidiary overseeing the construction of the TurkStream pipeline.

The…

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World Bank OKs loans to Azerbaijan, Iraq
NEWS
Azerbaijan - December 21, 2016

The World Bank on Tuesday approved a USD 800-million loan to Azerbaijan and Turkey for the Trans-Anatolian gas pipeline (TANAP) project and a separate USD 1.49-billion…

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Perenco finalises Trinidad market entry
NEWS
Trinidad and Tobago - December 12, 2016

Perenco on Friday said it had finalised the acquisition a 70% stake in the Teak, Samaan and Poui (TSP) Block offshore Trinidad and Tobago, marking the company’s…

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Gazprom awards TurkStream contract
NEWS
Russia - December 08, 2016

Gazprom on Thursday announced it had signed a deal with the Swiss Allseas Group to start construction on the first section of the TurkStream pipeline.

Work is…

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Interview
Egypt - November 10, 2016

TOGY talks to Ian Hewitt, CEO of PICO International Petroleum, about the opportunities in developing Egypt’s mature assets as well as areas where the government can…

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