These are all great news. I have been hearing these type of possible discoveries and potential production numbers since 1960s. So please excuse me if I sound a bit of a sceptic. But I will believe it when I see it.
Turkey needs just over 1million barrels of oil very day (1004 thousand barrels to be exact) to be drilled out of the ground to meet it’s daily usage.
So this 70thousand barrels a day production is a small fraction (just under 7%) of our daily needs. It is true that every little bit helps. But it is far from to really make a difference.
For a country with seas on all three sides of us where wind farms can be established; For a country that has sooo much sun all year round where huge numbers of photovoltaic cell panels can be erected; We are not doing enough.
Just check out UK renewable energy production levels ; They have reached 47.8% of their total energy production. (This is a country that produces oil and natural gas and has huge coal reserves)
In comparison, Germany has 75% of its energy generated from fossil fuels. 16% renewable sources and 6% nuclear. Even though it is very large numbers in actual megawatts, it is still not satisfactory for the large amounts of energy Germany consumes.
To depend on fossil fuels for our energy needs is the wrong route to follow. It gives me great pleasure to see the increasing wind turbine numbers every time I fly over Turkish landscape. But there should be more government incentives and investments for enlargement of the wind based energy production. I can see more and more of our south facing slopes being filled with photovoltaic cell panels. But for a developing economy and industry like ours the numbers are still minuscule . There should be more state intervention and incentives.
The average crude oil production of Turkey in the period 2000-2020 has been around 60000 barrels a day. There have been times when it has reached 4.4 million tons a year. A barrel of oil is 136kg in weight. So in 1991 Turkish oil production has hit 140000 barrels a day average. That is double of 70000 barrels TPAO is boasting about today. (That is probably TPAO’s own record. Not Turkey’s)
Turkey needs just over 1million barrels of oil very day (1004 thousand barrels to be exact) to be drilled out of the ground to meet it’s daily usage.
Turkey Petroleum consumption, 2022-2024 - knoema.com
In January 2024, petroleum consumption for Turkey was 1,058 thousand barrels per day. Though Turkey petroleum consumption fluctuated substantially in recent months, it tended to increase through February 2023 - January 2024 period ending at 1,058 thousand barrels per day in January 2024.
knoema.com
So this 70thousand barrels a day production is a small fraction (just under 7%) of our daily needs. It is true that every little bit helps. But it is far from to really make a difference.
For a country with seas on all three sides of us where wind farms can be established; For a country that has sooo much sun all year round where huge numbers of photovoltaic cell panels can be erected; We are not doing enough.
Just check out UK renewable energy production levels ; They have reached 47.8% of their total energy production. (This is a country that produces oil and natural gas and has huge coal reserves)
In comparison, Germany has 75% of its energy generated from fossil fuels. 16% renewable sources and 6% nuclear. Even though it is very large numbers in actual megawatts, it is still not satisfactory for the large amounts of energy Germany consumes.
Germany - Energy
This is a best prospect industry sector for this country. Includes a market overview and trade data.
www.trade.gov
To depend on fossil fuels for our energy needs is the wrong route to follow. It gives me great pleasure to see the increasing wind turbine numbers every time I fly over Turkish landscape. But there should be more government incentives and investments for enlargement of the wind based energy production. I can see more and more of our south facing slopes being filled with photovoltaic cell panels. But for a developing economy and industry like ours the numbers are still minuscule . There should be more state intervention and incentives.
The average crude oil production of Turkey in the period 2000-2020 has been around 60000 barrels a day. There have been times when it has reached 4.4 million tons a year. A barrel of oil is 136kg in weight. So in 1991 Turkish oil production has hit 140000 barrels a day average. That is double of 70000 barrels TPAO is boasting about today. (That is probably TPAO’s own record. Not Turkey’s)
Oil Production in Turkey | Petform
www.petform.org.tr
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