Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Turkish official oil demand figures, as supplied to Jodi, show the country’s 2015 oil demand leaping by a whopping 196,000 b/d (26.9%) to 924,000 b/d. This supposed leap comes at a time when the economy is struggling: the IMF pegs growth for both 2015 and 2016 at around 3%. Something doesn’t add up.
The IEA, of which Turkey is a member, has attempted to iron out these anomalies. In its October 2015 monthly market report it notes that latest official Turkish data indicate a doubling in jet-kero demand to an all-time high of 125,000 b/d. Though Turkish Airlines has expanded rapidly in recent years “the extremities of the apparent growth… have likely been magnified by the use of a new data collection methodology, whereby large quantities of international aviation deliveries were previously misreported as exports,” the IEA says.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE