Ankara should continue economic reforms

Photo: Ankara should continue economic reforms / Oil&Gas

Baku, Azerbaijan, April 4

By Rufiz Hafizoglu - Trend:

Ankara should continue reforms in the economic sphere, Turkish Deputy Prime Minister, Ali Babacan said, Turkish Anadolu agency reported on April 4.

The growth of Turkey's economy is impossible without economic reforms, according to the deputy prime minister.

Babacan also pointed out that Turkey has concrete goals, but unfortunately, there are no opportunities to make them come true.

The deputy prime minister stressed that the import of energy resources also considerably influences the country's economy.

Turkey has contracts with Iran to supply 10 billion cubic meters of gas per year, with Russia it is 20 billion cubic meters of gas and with Azerbaijan - 6.6 billion cubic meters.

Turkey also has an agreement with Algeria and Nigeria for the supply of 4.4 billion and 1.2 billion cubic meters of liquefied natural gas respectively per year.

Turkey decreased oil import by 4.8 percent (to 18,554,156 tons) in 2013 compared to 2012.

Around 21.4 percent of the total volume of oil imported by the country in 2013 fell to Iraq, 15.3 percent - Iran, 14.2 percent - Russia. The remaining 49.1 percent fell to Saudi Arabia, Libya, Greece, Nigeria, according to the Energy Market Regulatory Authority of Turkey.

Turkey imported some 19,479,238 tons of oil in 2012 and 18,049,163 tons of oil in 2011.

Translated by L.Z.

Edited by S.I.

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