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Turkey insignificantly ups oil production

Oil&Gas Materials 16 April 2012 15:18 (UTC +04:00)

Azerbaijan, Baku, April 16 / Trend, A.Taghiyeva /

Oil production in Turkey in 2011 increased by 1.2 per cent compared to 2010 and amounted to 16 million barrels of oil, Turkish Energy and Natural Resources Ministry's report says on its website on Monday.

According to the ministry, oil in Turkey is produced in 13 provinces, while six million barrels account for Batman Province.

Fifty companies including 25 which are foreign deal with research and development of the oil and gas fields. Over 4000 oil wells have been opened since the searching for hydrocarbons in the country since 1954.

Of the total oil consumption in the country in 2011 only nine per cent was consumed from local sources. Only two per cent of the total natural gas consumption in Turkey accounts for local sources.

The report also says that Turkey imported oil worth $54.1 billion in 2011.

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