Turkey is a strategic energy hub

USA, in which global energy policies always claim their rights and put power in the first place in its foreign policy maneuvers, is the largest oil producer in the world with production of over 15 million barrels a day. The U.S. should Saudi Arabia it was 12 million barrels, Russia with more than 11 million. Although China, with 4.7 million barrels per day is on the fourth line, after the first three oil-producing countries begins another League of States, in which Canada, with 4.5 million ranked fifth, and Iraq in the extraction of more than four million for the sixth place. Turkey in the production of 63 thousand barrels a day is located on the 59-th row, after Bahrain.

This is a good place in the ranking of 114 countries. 95 countries of the world do not carry out oil production. Published February 2 report on Turkey’s energy information Administration at the US administration, as his time Management research energy sources in Turkey reports that we have reserves in the amount of 312 million barrels; while in 1991, our daily production was 85 thousand barrels in 2004, it decreased to 43 thousand, and today increased to 63 thousand barrels.

Turkish state oil company — a major player in the sector, which accounts for 72% of daily oil production.

Crude oil production in Turkey provides 7% of its needs. The report notes that in the near future, Turkey can make significant investments in drilling oil and gas wells in the black sea and Aegean regions. With the steady growth of the Turkish economy in the period 2003 to 2016 the daily consumption, which in 2006 was less than 700 thousand barrels, at the end of 2015 increased to 860 thousand barrels; 41% of crude oil imports, Turkey is carrying out from Iraq, 20% from Iran, 11% from Russia, 9% from Saudi Arabia. The most important is the role of Turkey is that it becomes an “energy crossroads”, one of the most unique in the world. Only by means of tankers through the Bosporus and Dardanelles are transported over two million barrels of Caspian and Russian crude oil per day. Is the pipeline “Baku — Tbilisi — Ceyhan pipeline”, which pumps 1.2 million barrels and also “Kirkuk — Yumurtalik and Erbil — Ceyhan pipeline” capacity of 1.5 million and 700 thousand. About 5% of the world’s oil production transits through Turkey.

The report of the energy information Administration of the US shows that Turkey is a crucial energy hub for continental Europe and the Atlantic market. Continental Europe is the second largest in the world in consumption of natural gas. And Turkey plays a vital role in the energy potential of the Caspian sea, the Middle East, Russia had access to the most important markets. In 2015 99% of its demand for natural gas Turkey is satisfied by imports. 83% of its daily requirement is provided by means of pipelines 1% — domestic production and 16% of liquefied natural gas. The most important gas supplier for Turkey — Russia. Turkey is the second largest market for Russia after Germany.