March/April 2003 Issue

Turkey: Oil

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Oil Reserves1 0.3 Billion barrels
2002 Oil Production1 17.155 Million barrels
2002 Oil Production Value2 $0.400 Billion
2002 Oil Production as Percentage of GDP3 0.20%
Companies Actively Pumping Oil3 Turkish State Petroleum Company (TPAO)

1 Source: Oil & Gas Journal, December 23rd 2002; pp. 113-115
2 Based on average imported refiner acquisition cost, January to October, 2002. Source: Monthly Energy Review, www.eia.doe.gov/emeu/mer/prices.html
3 Source: Energy Information Administration country analysis briefs, www.eia.doe.gov/emeu/cabs/

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