Turkey places a minimum stockholding obligation on industry.
Refinery and fuel distribution licensees are obliged to keep a minimum of 20 days of their average supplies. Consumers that use 20 Kt or more on an annual basis are obliged to keep 15-days of their consumption on stock. Turkish refineries retain the remaining portion of stocks needed to reach the national obligation of 90 days of net oil imports.
Turkish authorities require that emergency oil stocks be held domestically. Turkey has no bilateral agreements with other countries.
Related news & events
- IEA encourages Turkey to deepen energy market reforms
30 September 2016
- Energy ministers set course for new era at IEA
18 November 2015
- IEA-organised workshop explores speeding renewables deployment in Mediterranean
5 October 2012