VOL. XL

No. 43

27-October-1997

TURKEY

Turkish Oil And Gas Consumption Soars In Mid-1990s

According to information just released by the International Energy Agency (IEA),Turkish oil demand totaled 26mn tons of oil equivalent (mtoe) in 1995, an increase of13.6% over 1994, accounting for more than 53% of the country's final energy consumption.Between 1973 and 1995 Turkish oil demand increased at an annual average rate of 4%,compared to the 4.4% annual average growth of real GDP during the same...