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Turkey's oil imports down 10.66%, gas imports up 23% in February

Turkey's oil imports down 10.66%, gas imports up 23% in February

Ankara, April 29 - Neftegaz.RU. Turkey's total oil imports decreased by 10.66% to 3 million tons while its natural gas imports surged by around 23% in February compared with the same month a year earlier.

Crude oil imports, the category with the highest oil import volume, fell by 0.69% during that period to reach 2.32 million tons, the Energy Market Regulatory Authority (EMRA) said in its monthly oil market report.

In February 2020, Turkey imported the highest amount of crude from Iraq at 963,024 tons. Russia and Kazakhstan followed with 694,197 tons and 207,437 tons, respectively.

Oil refinery product output increased by 5.89% to 2.67 million tons in February 2020. While diesel production was up 46.35% to 1.24 million tons, gasoline production decreased by nearly 13.25% to 373,678 tons in the same month.

Total domestic oil product sales in February rose by 3.58% to 2.09 million tons compared with the same month of 2019. On the other hand, gas imports increased to 5.26 billion cubic meters (bcm) in the month, from 4.28 bcm in February last year, the data showed. This February, the country imported 2.74 bcm of natural gas via pipeline, while 2.52 bcm was purchased as LNG.

Russia was the top country for Turkey's gas imports reaching 1.11 bcm while the U.S. followed with 931 million cubic meters (mcm) and Azerbaijan with 859 million cubic meters (mcm). Turkey's total gas consumption increased by 11.4% to approximately 5.67 bcm this February from around 5.09 bcm in February 2019.

The amount of natural gas in storage decreased by 11.7% to 1.91 bcm in February compared to 2.17 bcm in February last year. Gas production also fell by around 12.1% to 37 mcm from 42.1 mcm over the same period.

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