Europe · TUR
Turkey
A transcontinental importer turning itself into an LNG and nuclear hub. Akkuyu is the first reactor; gas storage is the winter policy.
Oil production
0.1 mb/d
1.2 mb/d demand
Net oil
-1.1 mb/d
Import gap
Gas production
1 bcm
Net -51 bcm
O&G rent
0.1%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
0 bn bbl
Gas reserves
0.0 tcm
Refining
0.8 mb/d
LNG
12 bcm import
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil39%
- Gas61%
Economy
The lira still lives on the energy import bill. A Hormuz premium hits gasoline and current account together. Transit geopolitics (TANAP, TurkStream) is a rent Turkey actually collects.
- GDP
- $1.3 tn
- Population
- 87.0 m
- Oil intensity
- 0.3 bbl /$1k
- Oil & gas rent
- 0.1% GDP
- Hydrocarbon trade
- 4.2% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -9.6 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 1.0 mb/d (net -0.9) versus NZE 0.6 mb/d (net -0.5).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 1.2 | 1.1 | 1.0 | 0.7 |
| Net Zero 2050 | 1.2 | 0.9 | 0.6 | 0.2 |
| Current Policies | 1.2 | 1.1 | 1.0 | 0.8 |