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Kazakhstan increases crude oil exports to Türkiye

Kazakhstan Materials 7 March 2024 23:25 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, March 7. Türkiye's crude oil imports from Kazakhstan amounted to 215,116 tons in December 2023, Trend reports.

According to Türkiye's Energy Market Regulatory Authority (EPDK), import volume increased by over 11 percent compared to the same period in 2022 (193,238 tons).

The share of imports from Kazakhstan is 4.95 percent of the total crude oil that Türkiye imported in December 2023 (2.9 million tons).

Moreover, in November 2023, Türkiye imported 421,314 tons of crude oil from Kazakhstan (266,713 tons in November 2022).

Meanwhile, the volume of trade turnover between Kazakhstan and Türkiye amounted to $6 billion in 2023. The volume of trade turnover decreased by 5.3 percent compared to the same period in 2022 ($6.3 billion).

At the same time, in the structure of trade turnover, exports to Türkiye for the above period amounted to $3.9 billion, which is 16.4 percent less than from January through December 2022 ($4.7 billion).

In addition, imports from Türkiye from January through December 2023 increased by 27 percent and amounted to $2 billion. For 2022, imports amounted to $1.6 billion.

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