Türkiye’s oil imports up 1.85% in August

Türkiye’s total oil imports increased by 1.85% to 4.43 million tons in August compared to the same month in 2023, according to recent data released by the country’s energy watchdog on Monday.

Crude oil imports, the category with the highest oil import volume, decline by 7.11% in August to 2.64 million tons, the Energy Market Regulatory Authority (EMRA) said in its monthly report.

Türkiye imported the majority of its crude oil and oil product needs from Russia in August, totaling 1.31 million tons. Iraq and Kazakhstan followed with 487,683 tons and 316,212 tons, respectively.

Oil refinery product exports increased by 0.8% to 1.20 million tons.

Additionally, domestic oil product sales decreased by 10.9% year over year in August to 3.11 million tons.

By Gokce Topbas and Gulsen Cagatay

• Crude Oil
• Energy Market Regulatory Authority (EMRA)
• Turkiye