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Wednesday, September 01, 2010

Turkey Oil and Gas Market Summary

"Turkey Oil and Gas Market Summary
// 01.09.2010

London – According to the research report “Turkey Oil & Gas Report Q3 2010” by Business Monitor International the role of Turkey in the world’s energy markets is more one of a middleman than that of a producer or major consumer. The country has only modest oil and gas reserves of around 265mn bbl and 6bcm respectively in 2009 (Oil & Gas Journal), in spite of determined exploration efforts by domestic and foreign companies. Oil and liquids production in 2009, averaging an estimated 45,000b/d, is dwarfed by estimated consumption of around 669,000b/d."

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