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ENERGY

Türkiye’s oil imports down 6.81% in December 2022

Türkiye’s total oil imports decreased by 6.81% to 3.75 million tons in December 2022, according to recent data released by the country’s energy watchdog.

Crude oil imports, the category with the highest oil import volume, fell by 23.9% in December to 2.67 million tons, the Energy Market Regulatory Authority (EMRA) said in its monthly report.

Türkiye imported the majority of its oil and oil product needs from Russia in December, totaling 1.94 million tons. Iraq and Kazakhstan followed with 1.01 million tons and 198,000 tons, respectively.

Oil refinery product exports decreased by 30.8% to 788,797 tons, while output decreased by 15.5% to 2.77 million tons.

Total domestic oil product sales increased by 1.46% year on year in December to 2.72 million tons.

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