Turkey imported $61 bln worth crude oil in last 5 years


Turkey paid 61.2 billion USD for 87.1 million tons of crude oil imports in the last five years, according to ministry statistics released on Thursday.The country's total crude oil imports amount 87.1 million tons between 2009 and 2013, according to the Turkish Ministry of Energy and Natural Resources.Turkey is highly dependent on foreign oil resources as it domestically produces only 10 percent of total demand in the country. Iran is the top supplier, representing 35 percent of total Turkish crude oil imports.Turkey buys 17 percent of its crude oil from Iraq, as well as 13 and 10 percent from Saudi Arabia and Russia respectively.Energy imports are a huge burden on current budget deficit of Turkey. Turkey's budget deficit stood at 65 billion USD in 2013.