Fiber optic connectors are a substantial fragment of the global telecommunication industry. Optical fibers are joined using fiber optic connectors, which allow the light conduction between two consecutive optical fibers. An additional im…
BMI View: Turkey will continue to increase its consumption of crude oil, natural gas and refined fuels
throughout our medium-term forecast period to 2020, remaining a net importer of all three. Positive
exploration results in the Thrace Basin present upside risk to our gas production forecast.
The main trends and developments we highlight for Turkey's oil and gas sector are:
? We have upgraded our refined fuels consumption forecast for Turkey on the back of a significant
expansion in airport capacity boosting jet fuel demand and strong construction growth driving up diesel
demand. We expect Turkey to consume 1.04mn barrels per day (b/d) of refined fuels by 2025, a 174,000
b/d increase from our original forecast of 870,000 b/d. The bulk of this increase has come from the
inclusion of the Istanbul New Airport into our forecast, which in its first phase will have a capacity of
90mn people annually and reaching up to 200mn people per year in the second phase. Upon completion
the airport will be the largest in Europe and will considerably boost demand of jet fuel as Turkey looks to
grow its role as a global aviation hub, competing with the likes of the UAE for east-west airline traffic.
Statoil has gained access to the deeper formations of Valeura's Banarli licences, allowing the Norwegian
company to target the potential below 2,500m.