The US era in Turkey's energy imports and the rising bill

A significant shift has taken place in Turkey's energy supply chain, turning the route for crude oil and natural gas imports to the US, while the seven-month energy bill has exceeded 40 billion dollars.

US Share in Crude Oil Imports

US-origin crude oil imports, which were zero in the first four months of the year, broke a record in June and settled in the top spot with a 21 percent share of total imports.

According to Energy Market Regulatory Authority reports, with this rate, the US left Russia behind and assumed the title of Turkey's largest oil supplier.

Alternative Quests in the Fuel Market

The export ban introduced by Russia in July directed Turkey toward different alternatives in the fuel market.

According to August data, the US became the third country selling the most diesel to Turkey, following India and Italy.

Seven-Month Energy Bill

Energy imports increased by 13.2 percent on an annual basis in July, reaching 5 billion 826 million dollars.

The total seven-month energy import bill covering the January-July period increased by 7.2 percent compared to last year, reaching 40 billion 86 million dollars.

Declines in Domestic Production

While the import bill steadily swelled, domestic oil production experienced a 1.5 percent decline in June.

Another striking element was the 7.6 percent drop recorded in domestic natural gas production during the same period.