18 April 2014, Friday
Today's Zaman

Turkey pays $7 bln for energy in first quarter

10 May 2007, Thursday /TODAY’S ZAMAN
Turkey paid $7 billion during the first three months of this year for energy products such as crude oil, fuel, natural gas, liquefied oil gas and coal.
According to data from the Turkish Statistics Institute (Turkstat), Turkey’s volume of imports during the first three months was $34.7 billion, while exports totaled $23.1 billion. In comparison to the same period last year, Turkey’s energy imports increased by 12.6 percent, reaching $6.9 billion.

Turkey’s energy exports in the same period jumped by 16.5 percent, from $727 million to $847 million. The share of energy in imports in the same period last year was 20.8 percent. In the first quarter of 2006, $6.1 billion of the entire import volume  was paid for energy needs. In all of 2006, $28.6 billion went to energy imports, whereas this figure in 2005 was $21.2 billion. In 2003, when prices were relatively lower, energy’s share in total imports was only 16.7 percent. Going down to 14.7 percent in 2004, it increased to 18.2 percent in 2005. In 2003, Turkey paid $11.6 billion of its total imports -for energy. These figures rose in 2004: energy imports to $14.4 billion, and also in 2005, with  $21.2 billion.

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