17 April 2014, Thursday
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.

BUSINESS  Other Titles
Galatasaray to pay $35 mln in tax penalty
Twitter: No current deal to open office in Turkey
Ankara says Russia's South Stream pipeline could run to Turkey
Turkish central bank meeting eyed for signs of political meddling
Turkish cement firms eye assets after Holcim-Lafarge merger
CHP raises issue of irregularity in loans for Sabah-ATV sale
TUSKON key in trade with Turkey, top Russian group says
Number of job seekers hits 10-year high
Gül attends event of group labeled ‘traitors' by Erdoğan
'Banning social media disaster for any government's global image'
Pakistan publishes list to embarrass tax cheats into paying up
Turkish schools help to enhance trade relations with Africa
Unemployment rate sees decrease year-on-year in Jan
Pegasus Airlines to start flights to Bahrain
Installment payments down 16 pct since credit card regulation implemented
Euro zone's trade surplus widens on rising exports in February
Doğan Holding merges with publishing group
Turkey's Koç: We will concentrate our energy on investments
EU lawmakers complete financial system overhaul
Egypt limits air conditioning in mosques as power shortages worsen