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Türkiye increases import of crude oil from Kazakhstan

Oil&Gas Materials 1 September 2022 15:07 (UTC +04:00)
Türkiye increases import of crude oil from Kazakhstan
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, September 1. Türkiye has imported a total of 318,967 tons of crude oil from Kazakhstan in June 2022, which accounted for 7.64 percent of total Türkiye’s crude oil imports for the month, Trend reports citing Türkiye’s Energy Market Regulatory Authority (EPDK).

Thus, Türkiye’s import of Kazakh crude oil increased by 12.9 percent compared to May 2022 (282,500 tons) and went down by 7.3 percent compared to the volume imported in June 2021 (344,234 tons).

Türkiye’s import of crude oil from Kazakhstan from January through June 2022 amounted to 2.4 million tons.

The value of trade turnover between Kazakhstan and Türkiye amounted to $3.1 billion over the period from January through June 2022, compared to $1.7 billion during the same months of 2021.

Kazakhstan’s exports to Türkiye amounted to $2.5 billion over the period from January through June 2022, compared to $1.2 billion during the same period of 2021.

In turn, Kazakhstan’s imports from Türkiye amounted to nearly $615.7 million over the reporting period, compared to $552.8 million during the same period of 2021.

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