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Turkey Overview

Turkey

in figures

Refinery Throughput542,000 bpd

Gas Consumption53.5 bcm

Installed Solar Capacity4.72 GW

Turkey: At the Energy Crossroads

Turkey’s role as transit centre for gas and oil from East-West dominates the projections for the future of this pivotal nation.

Itself a major oil importer Turkey is not a significant producer, although exploration in the Black Sea continues to hold out some hope for significant discoveries.

Gabon’s gas-to-power opportunity - AFR 26 - Yann-Pierre-YANGARI - Flamboyans Services
Interview
Gabon - June 04, 2026

Yann Pierre YANGARI of Flamboyans Services talks about the crucial role gas-to-power can play in Africa’s infrastructure…

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Khalifa Abdulrahman Algosaibi Investment Company - KAI - Yahya Al Yami - Saudi Arabia
Interview
Saudi Arabia - May 25, 2026

Yahya Al Yami of Khalifa Abdulrahman Algosaibi Investment talks about the competitive advantages of operating within the Saudi…

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BP enters Uzbekistan with PSA for six blocks
NEWS
Uzbekistan - May 14, 2026

BP has entered Uzbekistan with a PSA alongside Uzbekneftegaz and SOCAR covering six blocks in North Ustyurt.

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Chevron awarded four offshore leases for Greece exploration
NEWS
Greece - February 16, 2026

Chevron has signed lease agreements to explore four offshore blocks in Greece in partnership with HELLENiQ ENERGY, the company said on Monday.

The awarded blocks are…

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Saipem wins $425-million contract for gasfield offshore Turkey
NEWS
Turkey - December 31, 2025

Saipem has secured a $425-million offshore contract from Turkish Petroleum for pipeline works at the Sakarya gasfield in Turkey.

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Saipem wins $1.5-billion contract for gasfield project offshore Turkey
NEWS
Turkey - September 10, 2025

Saipem has secured a USD 1.5-billion offshore EPCI contract for phase 3 of the Sakarya gasfield development off Turkey.

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TAQA Well Solutions - Rayed Eskandrani - Saudi Arabia
Interview
Saudi Arabia - July 14, 2025

Rayed Eskandrani of TAQA Well Solutions talks about using AI to enhance downhole operations and utilise drilling data to its full potential.

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Interview
Iraq - January 27, 2016

Wadié R. Habboush, president and CEO of Habboush Group, talks to TOGY about the approaches Iraq can take to attract more FDI. He also offers his perspective on the…

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Chinese companies to invest in Russian LNG
NEWS
Russia - January 05, 2016

Chinese Insurance Investment, an investment firm comprising 40 insurance companies, has raised $6 billion towards overseas energy and infrastructure projects, according…

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Israel approves gas sale to Egypt
NEWS
Israel - December 24, 2015

The Israeli government approved the sale of up to 5 bcm (177 bcf) of gas over seven years from the Tamar gasfield to Egypt. The sale is valued at about USD 1 billion.…

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KRG denies Putin oil trade allegations
NEWS
Kurdistan Region of Iraq - December 04, 2015

Kurdistan Regional Government (KRG) officials have denied Russian President Vladimir Putin’s recent allegations surrounding oil trade between Turkey and Islamic State…

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Russia cancels TurkStream
NEWS
Russia - December 03, 2015

Russian energy minister Alexander Novak said Thursday that preparatory work on the planned TurkStream pipeline project had been cancelled over the downing of a Russian…

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Statoil sells TAP stake to Snam
NEWS
Azerbaijan - December 01, 2015

Italian player Snam has agreed to buy Statoil’s stake in the Trans-Adriatic pipeline (TAP), which will carry gas from the Turkish border with Greece to Italy.

The…

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Oil prices up on downed Russian jet
NEWS
Turkey - November 24, 2015

Following Turkey’s apparent downing of a Russian-made fighter jet along the Syrian border on Tuesday, oil prices rose on an anticipated escalation in tensions in the…

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Turkey’s TP to invest $2.3 bln abroad
NEWS
Turkey - November 23, 2015

Turkish Petroleum (TP) has announced plans to invest $2.3 billion abroad in 2016.

General manager Besim Sisman told local daily Hurriyet that the state-run Turkish…

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