Turkey Oil

Oil Reserves in Turkey

See also: List of countries by Oil Reserves

Turkey holds 312,000,000 barrels of proven oil reserves in the world as of 2016, ranking #53 in the world and accounting for about 0.019% of the world's total oil reserves of 1,650,585,140,000.

Turkey has proven reserves equivalent to 0.9 times its annual consumption levels. This means that, without net exports, there would be about 1 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Turkey

Oil Consumption in Turkey

See also: List of countries by Oil Consumption

• Turkey consumes 941,861 barrels per day (B/d) of oil as of the year 2016.
• Turkey ranks #22 in the world for oil consumption, accounting for about 0.97% of the world's total consumption of 97,103,871 barrels per day.
• Turkey consumes 0.48 gallons of oil per capita every day (based on the 2016 population of 81,652,088 people), or 177 gallons per capita per year (4 barrels). [1 barrel = 42 US Gallons]

Oil Production in Turkey

See also: List of countries by Oil Production

• Turkey produces 66,308 barrels per day of oil (as of 2016) ranking #58 in the world.
• Turkey produces every year an amount equivalent to 7.76% of its total proven reserves (as of 2016).

Oil Imports

• Turkey imports 53% of its oil consumption (502,570 barrels per day in 2016).

History of Oil Consumption and Production