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Turkey boosts crude oil imports from Kazakhstan despite COVID-19

Oil&Gas Materials 29 January 2021 15:11
Turkey boosts crude oil imports from Kazakhstan despite COVID-19

BAKU, Azerbaijan, Jan. 29

By Nargiz Sadikhova - Trend:

Turkey has imported a total of 518,088 tons of crude oil in November 2020, which accounted for 14.49 percent of total Turkey’s crude oil imports, Trend reports citing Turkey’s Energy Market Regulatory Authority (EPDK).

Overall Turkey’s import of crude oil from Kazakhstan from Jan. through Nov. 2020 amounted to 3.05 million tons.

Thus, Turkey’s import of Kazakh crude oil increased by 25.2 percent compared to Jan. 2020 (413,547 tons), and by 2.2 times compared to the volume imported in Oct. 2020 (159,121 tons).

The value of trade turnover between Kazakhstan and Turkey amounted to $2.5 billion over the first ten months of 2020, compared to $2.6 billion during the same period of 2019.

The value of trade turnover between Kazakhstan and Turkey amounted to $2.8 billion over the first 11 months of 2020, compared to $2.9 billion during the same period of 2019.

Kazakhstan’s export to Turkey amounted to $1.9 billion over the period from January through Nov. 2020, compared to $2.1 billion during the same period of 2019.

In turn, Kazakhstan’s imports from Turkey amounted to nearly $847.5 million over the reporting period, compared to $740.9 million during the same period of 2019.

The total volume of Kazakhstan’s trade turnover amounted to $77.7 billion over the period from January through Nov. 2020 which indicates a decrease from $89.2 billion during the same period of 2019.

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