Turkish oil and gas

Oilfield Technology, Thursday, 09 July 2015 10:00

Overview

Turkey is well placed to serve as a hub for oil and natural gas supply headed to Europe.
Turkey has been a major transit point for oil and is becoming more important as a transit point for natural gas.
The country is also primed to become a significant natural gas pipeline hub.
Currently most of its natural gas pipeline connections only bring natural gas to the country.
Since 2010, Turkey has experienced some of the fastest growing energy demand among the OECD.
The economy has avoided the prolonged stagnation that has characterised much of Europe for the past several years.
Last year, Turkey’s total liquid fuels consumption averaged 712 000 bpd.
Over 90% of total liquid fuels came from imports.

Estimated proved oil reserves stood at 296 million bbls at the start of this year.
Petroleum and other liquids production peaked in 1991 at 85 000 bpd.
Most of Turkey’s 296 million bbls of proved oil reserves are located in the Batman and Adiyaman Provinces.
In 2014, Turkey produced an estimated 61 000 bpd of petroleum and other liquids.
Offshore and shale reserves may become a future source of Turkey’s oil supply.
Crude oil imports are expected to double over the next 10 years.
Last year, most of Turkey’s crude oil imports came from Iraq and Iran.
As of January this year, Turkey had six refineries with a combined processing capacity of 663 000 bpd.
Tupras is the country’s dominant refining firm and operates four refiners accounting for 85% of total refining capacity.
Tupras owns approximately 59% of the total petroleum products storage capacity in Turkey.

Natural gas reserves were at 218 billion ft3 at the start of this year.
Turkey producers only a small amount of natural gas.
Turkey is one of the few countries in Europe where natural gas consumption continues to show strong growth.
Gas consumption in Turkey has increased rapidly over the past 10 years and hit a new high of 1.7 trillion ft3 last year.
In 2014, Turkey imported 1.7 trillion ft2 of natural gas, accounting for 99% of total natural gas supply.
Russia’s Gazprom is the single largest supplier of natural gas to Turkey.
Turkey is Russia’s second largest export market for natural gas.
There is little or no natural gas storage capacity and the country primarily relies on increased imports.
Natural gas shortages are not uncommon in winter.
Companies importing natural gas into Turkey are required to hold rights to storage capacity equal to 10% to their annual imports.
In 2013, Turkey imported LNG from seven countries, accounting for 13% of total natural gas supply.
LNG volumes arrive at the country’s two terminals Marmara Erglisi and Aliaga.