Due to lack of domestic energy resources and with no signs of improvement in future energy production, Turkey is heavily dependent on energy imports. Turkey imports are very diverse with around two thirds of it being sourced from Russia, Iran. LNG is mainly sourced from Nigeria and Algeria.

However, with its geographic location, Turkey becomes a very important energy transit country, with the Bosporus Straits through which Caspian oil passes en route to European markets; the Baku-Tbilisi-Ceyhan (BTC) pipeline, a transnational pipeline that transports Caspian oil without crossing Russian soil and Turkey’s port of Ceyhan, which is the primary terminal through which Iraq’s northern oil exports pass.


(from GlobalData)