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Turkey expects oil prices to be $60-70 per barrel

Türkiye Materials 27 October 2016 14:37 (UTC +04:00)
Turkey expects global oil prices to rise up to a level of $60-70 per barrel.
Turkey expects oil prices to be $60-70 per barrel

Baku, Azerbaijan, Oct. 27

By Orkhan Quluzade – Trend:

Turkey expects global oil prices to rise up to a level of $60-70 per barrel, the Anadolu Agency quoted Turkish Energy and Natural Resources Minister Berat Albayrak as saying Oct. 27.

The minister said that low oil prices have a very positive impact on the Turkish economy, as the country covers 95 percent of its oil demand thanks to the exports.

Albayrak noted that gas will be more important and strategic resource in the future.

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