Oil supplies from Russia to Türkiye returned to growth in 2024, reaching a new record, according to data from the analytics company Kpler. Russian oil exports to Türkiye increased by 36% last year, reaching 323,000 barrels per day (bpd). The previous record was set in 2022 at 254,000 bpd, but in 2023, exports dropped by 6%, falling to 237,000 bpd.
Additionally, in June 2024, a new all-time monthly record for Russian oil exports to the Turkish market was set, with exports reaching 449,000 bpd, according to Kpler data.
According to official Turkish statistics, from January to November 2024, the volume of Russian oil imports amounted to 15.4 million tons.
Energy
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US President D. Trump signed an order imposing 25% tariffs on goods imported into the US from Canada and Mexico, as well as a 10% tariff on Canadian energy resources, effective from February 4, 2025.
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Azerbaijan's State Oil Company (SOCAR) signed an agreement on January 31 with Union Energy to acquire a 10% stake in the Israeli offshore gas field "Tamar."
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Azerbaijan's State Oil Company (SOCAR) has initiated its first project on ground-based airborne gravity surveys in collaboration with the renowned British company Metatek. "The aim of this advanced study is to obtain highly accurate geological data across vast areas in the shortest possible time," said SOCAR.
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The Bulgarian Energy and Water Regulatory Commission (EWRC) announced an increased role for Azerbaijani natural gas in the country’s energy balance, a message on the regulator's website.
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