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Iran supplies over half of Turkey’s crude oil demand

Business Materials 29 November 2017 15:34 (UTC +04:00)

Baku, Azerbaijan, Nov. 29

By Fatih Karimov– Trend:

Iran’s oil export to Turkey increased by 104 percent year-on-year in September to 1.23 million tons.

Crude oil imports from Iran accounted to 52 percent of Turkey’s overall oil imports in 1-month period, according to a report, released by Turkey’s Energy Market Regulatory Body.

Turkey’s oil import in September 2017:

Exporter Country

September 2017 (tons)

September 2016 (tons)

Growth%

Share%

Iran

1,229,260.1

601,795.55

104

52

Russia

358,041.43

119,596.458

199

15

Iraq

429,640.66

744,875.319

-42

18

Saudi Arabia

150,790.12

213,844.504

-29

6

Kuwait

151,489.08

232,823.577

-35

6

Greece

38,790.502

0

-

2

Total

2,358,011.9

1,912,935.408

23

100

Iran was Turkey’s first crude oil supplier in September, followed by Iraq, Russia and Kuwait.

Turkey’s total crude oil imports in September accounted to ‎2.36 million tons, 23 percent more year-on-year.

Iran’s total crude oil export to Turkey reached 6.7 million tons in 2016.

Turkey’s oil import from Iran:

Year

Million tons

Barrels per day

2008

7.8

158,137

2009

3.228

65,444

2010

7.261

147,209

2011

9.287

188,284

2012

7.561

153,292

2013

5.256

106,560

2014

5.194

105,303

2015

5.587

113,271

2016

6.677

135,369

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