Turkey's oil imports down 24.7% in January 2021

- Output of oil refinery products decreases by 8% to 1.96 million tonnes in January this year

Turkey's total oil imports decreased by 24.7% to 2.65 million tonnes in January compared to the same month of 2020, according to data of Turkey's energy watchdog on Sunday.

Crude oil imports, the category with the highest oil import volume, reduced by 31.6% during that period to 1.83 million tonnes, Turkey's Energy Market Regulatory Authority (EMRA) said in its monthly oil market report.

In January, Turkey imported the highest amount of oil from Russia at 688,866 tonnes. Iraq and Kazakstan followed with 604,496 tonnes and 289,589 tonnes, respectively.

The falling demand for oil products as a result of restrictions to prevent the spread of COVID-19 pandemic reduced the country's overall oil import volumes.

Oil refinery product output decreased by 20.1% to 2.30 million tonnes in January. While diesel production was down by % to 1.18 million tonnes, gasoline production decreased by nearly 34.7% to 270,395 tonnes.

Total domestic oil product sales in January decreased by 8% to 1.96 million tonnes compared to the same month of 2020.

By Nuran Erkul Kaya

Anadolu Agency

energy@aa.com.tr