The forecasted fuel oil refinery output in Turkey shows a continuous decline from 2024 to 2028. Starting at 32.11 thousand gigawatt-hours in 2024, the output is expected to decrease annually, reaching 27.53 thousand gigawatt-hours by 2028. When compared to the actual data from 2023, a consistent downward trend is evident. Over the last two years, the year-on-year variation reflects a steady decline. The Compound Annual Growth Rate (CAGR) for the five-year forecast period also indicates a consistent negative growth rate.
Future trends to watch for include potential shifts in energy policy, technological advancements in refinery processes, and changes in domestic and international fuel demand. Additionally, the impact of global environmental regulations and the transition towards renewable energy sources may further influence refinery output levels. Monitoring market dynamics and geopolitical factors will be crucial for anticipating further changes in Turkey’s fuel oil refinery output.
