Türkiye's oil imports up 5.15% in July, totaling 4.3M tons

Türkiye's total crude oil and petroleum product imports increased by 5.15% year-on-year in July, reaching 4.33 million tons.

According to the Energy Market Regulatory Authority's (EPDK) "Petroleum Market Sector Report" for July, crude oil, which constitutes the largest share of Türkiye's total oil imports, saw an increase of 8.19%, totaling 2.62 million tons.

More to Read

U.S. Senate introduces bipartisan bill for border security funding totaling $118 billion

World 1 min read

World Bank adds $1B, totaling $4B for Türkiye’s earthquake recovery

Business 1 min read

Apple announces largest-ever investment totaling $500B, creating 20K jobs

Business 1 min read

During this period, diesel imports decreased by 1.33% to 1,250,026 tons. The remaining imports consisted of aviation and marine fuels, gasoline, fuel oil, and other products.

Thus, total imports increased by 5.15% in July compared to the same month last year, amounting to 4,335,611 tons.

The highest imports of crude oil and petroleum products came from:

• Russia: 1.58 million
• Iraq: 387,115 tons
• Kazakhstan: 214,847 tons

Meanwhile, domestic gasoline sales in July increased by 8.87% compared to the same month last year, reaching 461,469 tons, while diesel sales decreased by 11.91% to 2.33 million tons.

Total petroleum product sales recorded a decrease of 8%, totaling 2.98 million tons.

Category

July 2023 Data

Year-on-Year Change

Total Oil Imports

4,335,611 tons

+5.15%

Crude Oil Imports

2,615,090 tons

+8.19%

Diesel Imports

1,250,026 tons

-1.33%

Gasoline Sales

461,469 tons

+8.87%

Diesel Sales

2,338,059 tons

-11.91%

Total Petroleum Product Sales

2,967,659 tons

-8%

Aviation Fuel Exports

538,318 tons

+13.86%

Marine Fuel Exports

165,177 tons

+48.4%

Gasoline Exports

13,219 tons

+66.7%

Diesel Exports

31,019 tons

-33.3%

Total Petroleum Exports

1,145,231 tons

+13.5%

Diesel Production

1,355,874 tons

+3.33%

Gasoline Production

471,173 tons

+6.26%

Aviation Fuel Production

620,238 tons

+10.32%

Marine Fuel Production

141,010 tons

+48.9%

Total Refinery Production

3,264,777 tons

+3.5%

Türkiye's crude oil and petroleum products. (Source: Energy Market Regulatory Authority)

Petroleum product exports increase

In July, Türkiye's petroleum market exports increased by 13.5% year-on-year, reaching 1.15 million tons, driven by significant growth in aviation and marine fuels.

• Aviation fuel exports rose by 13.86% to 538,318 tons.
• Marine fuel exports surged by 48.4% to 165,177 tons.
• Gasoline exports increased by 66.7% to 13,219 tons.
• Diesel exports fell by 33.3% to 31,019 tons.

Production increases

In July, Türkiye's total refinery petroleum product production rose by approximately 3.5% year-on-year, reaching 3,264,777 tons, driven by significant increases in diesel, gasoline and aviation fuel production.

• Diesel production increased by 3.33% to 1.36 million tons.
• Gasoline production rose by 6.26% to 471,173 tons.
• Aviation fuel production grew by 10.32% to 620,238 tons.
• Marine fuel production surged by 48.9% to 141,010 tons.

September 30, 2024 01:26 PM GMT+03:00