This article is about petroleum and petroleum products. For cooking oils, see Agriculture in Turkey.
Oil supplies over a quarter of Turkey's energy.[1][2] Because the country produces very little oil,[3] it is almost completely dependent on imports of oil and oil products such as petrol and diesel,[4] over half of which is consumed in the country's road vehicles.[5] Turkey is the world's largest user of liquefied petroleum gas (LPG) for road transport.[6]
Because Turkey produces only 7% of the oil it consumes, the country’s total imports are worth more than its exports, which is a problem for its economy.[7] After the 2022 Russian invasion of Ukraine, several European countries stopped buying Russian oil, petrol and diesel but Turkey's relations with Russia are such it continues to buy all three.[8][9]
^IEA (March 2021). Turkey 2021 – Energy Policy Review (Technical report). International Energy Agency. Archived from the original on 7 March 2022. Retrieved 19 December 2021.
^"Energy consumption by source, Turkey". Our World in Data. Archived from the original on 1 April 2023. Retrieved 2 August 2022.
^"Oil and Gas – Turkey". International Trade Administration, U.S. Department of Commerce. Archived from the original on 28 February 2023. Retrieved 2 August 2022.
^Adal, Hikmet (25 February 2022). "Russia-Ukraine war: How will it affect Turkey's economy?". Bianet. Archived from the original on 25 February 2022. Retrieved 4 March 2022.
^DifiglioGürayMerdan (2020), pp. 203.
^DifiglioGürayMerdan (2020), pp. 206.
^"Turkey's current account deficit at $4.1 bln in November; $48 billion in 2022". Reuters. 6 January 2023. Archived from the original on 8 January 2023. Retrieved 8 January 2023.
^Cite error: The named reference :22 was invoked but never defined (see the help page).
^Cite error: The named reference :23 was invoked but never defined (see the help page).
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