UAE Energy Forum: Shale Gas Is Not A Threat
Turkey: Needs More Energy
Hasan Murat Mercan, Turkey’s Deputy Minister of Energy, said in his presentation that 5 million barrels of oil is transported through Turkey daily, adding that his country needs 72 percent of energy demands from imports so political priority to harvest indigenous resources.
“Currently, we import 92 percent of our oil consumption, and 97 percent of gas consumption,” the Minister said.
Turkey deputy energy minister noted that his country produces little oil but transports 5 million bpd, 5 percent global production. The Minister said that Turkey set to increase transport capacity for global crude.
“I wished if we could be able to increase our production capacity rather than increasing our transport capacity,” he added.
Commenting on the recent spat with Iraq’s central government over the import of oil from The Kurdistan Regional Government, Iraq’s Oil Ministry expressed “deep regret and astonishment” Jan. 10 over plans announced by the Kurdistan Regional Government to begin pumping oil to Turkey without central government approval.
"Anything that can flow will flow ... but Turkey will honor Iraq constitution," Mercan said.
Turkey is in a delicate position as it facilitates discussions between the Kurdish region and the Iraqi federal government over a new pipeline to connect Kurdish oil to global markets through a Turkish port. The pipeline became operational this month in spite of Baghdad’s opposition to independent exports of Kurdish oil, which it says is produced under contracts that violate the Iraqi constitution.
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