TR Oil & Gas Exploration Update & Discussion

[Ripley]

https://twitter.com/i/web/status/1850955717689426086

Turkey's natural gas production increased by 343 percent this year

According to EMRA data, Turkey's natural gas imports decreased by approximately 5% in the first eight months of the year compared to the previous year, while natural gas production increased by approximately 343%.

Turkey's crude oil imports decreased by 7.11% in August compared to the previous year, reaching 2 million 649 thousand 870 tons.

The numbers show a decrease but this might also caused partly by a usual summer months slowdown of energy consumption.
But still the domestic production gaining some traction clearly.

*I know this is gas & oil exploration thread but it’s the most related to the post at the moment.

 

[Huelague]

How many tons cruel oil Türkiye needs per year?

 

[Shtr]

There is something more interesting in this report. He did not mention but export numbers are booming too. Actual number is more than 5%. I did not calculated but roughly %8-9 it must be.

 

[Ripley]

There is something more interesting in this report. He did not mention but export numbers are booming too. Actual number is more than 5%. I did not calculated but roughly %8-9 it must be.

You mean our export?

 

[Ripley]

How many tons cruel oil Türkiye needs per year?

I’ve seen various figures from various sources and honestly, I’m confused I must admit.
Hopefully our expert forum members can help us.

 

[hugh]

I’ve seen various figures from various sources and honestly, I’m confused I must admit

Google says it's around 1 million barrels a day but the tweet you posted yields around 20 million barrels a month.

 

[Huelague]

Something between 240 mio- 365 mio barrel. Is that correct?

 

[hugh]

Something between 240 mio- 365 mio barrel. Is that correct?

the reduction of consumption in August might be temporary. it's probably closer to 1 mil barrel a day.

 

[what]

Dont know about oil, but gas export deals will increase automatically. Not because of our own sources but remember that at least two countries have signed deals to buy LNG through Turkish terminals.

 

[somegoodusername]

Turkish government wants to partner up with American gas companies on the Black Sea gas.

 

[Ripley]

Google says it's around 1 million barrels a day but the tweet you posted yields around 20 million barrels a month.

Something between 240 mio- 365 mio barrel. Is that correct?

Guys if these numbers accurate, you’re right. I mean, 240 M barrels production vs 365 M barrels consumption. It’s like 2/3 of our annual consumption and I’d say we’re out of the woods for crying out loud because last time I checked our annual domestic production to domestic consumption was around 10%!

 

[Shtr]

If someone

You mean our export?

Yes. Recently Türkiye had some major agreements with some countries including Bulgaria and a few more. It may sounds weird one of the biggest winner of conflict of Russia - Ukraine will be Türkiye.

1. Türkiye's unofficial aggrement with Russia to store Russian gas and sell over Türkiye.
2. Türkiye's latest agreements with big LNG suppliers even including Total from France.
3. Somali, Libya, Niger related developments.

I expect Türkiye's export will increase rapidly.