ANKARA
Turkey paid $61.2 billion for 87.1 million tons of crude oil imports in the last five years, according to ministry statistics released on Thursday.
The country's total crude oil imports amount 87.1 million tons between 2009 and 2013, according to the Turkish Ministry of Energy and Natural Resources.
Turkey is highly dependent on foreign oil resources as it domestically produces only 10 percent of total demand in the country. Iran is its top supplier, representing 35 percent of total Turkish crude oil imports.
Turkey buys 17 percent of its crude oil from Iraq, as well as 13 and 10 percent from Saudi Arabia and Russia respectively.
Energy imports are a huge burden on current budget deficit of Turkey. Turkey’s budget deficit stood at $65 billion in 2013.
|
Years
|
Imported crude oil (tons)
|
Dollars paid (CIF**)
|
|
2009
|
14.192.524*
|
6.372.261.775
|
|
2010
|
16.898.364
|
9.599.158.535
|
|
2011
|
18.092.206*
|
14.507.583.533
|
|
2012
|
19.484.875
|
15.932.105.295
|
|
2013
|
18.524.588
|
14.820.432.958
|
* Byproducts imported for usage in the production of fuel oil have not been taken into account in these estimates.
** CIF: Cost, insurance and freight involved
