"Turkish Oil Consumption Is Forecast To Total 801,000b/d By The End Of 2018
The latest Turkey Oil & Gas Report from the forecasts that the country will account for 5.98% of Middle Eastern (ME) regional oil demand by 2013, while providing an insignificant contribution to supply. Regional oil use of 8.24mn barrels per day (b/d) in 2001 rose to 11.25mn b/d in 2008. It should average 11.30mn b/d in 2009 and then rise to around 12.17mn b/d by 2013. Regional oil production was 22.87mn b/d in 2001, and in 2008 averaged 26.29mn b/d. It is set to rise to 28.01mn b/d by 2013. Oil exports are growing steadily, because demand growth is lagging the pace of supply expansion. In 2001, the region was exporting an average 14.63mn b/d. This total had risen to 15.04mn b/d in 2008 and is forecast to reach 15.84mn b/d by 2013. Iraq has the greatest production growth potential, followed by Qatar."
More:Asian Energy: Turkish Oil Consumption Is Forecast To Total 801,000b/d By The End Of 2018
