Based on the forecast data, Turkey's crude oil production is expected to rise steadily from 3.95 Million Tonnes of Oil Equivalent (MTOE) in 2024 to 4.55 MTOE in 2028. Here's the year-on-year variation in percentage:
- 2024 to 2025: 4.05%
- 2025 to 2026: 3.65%
- 2026 to 2027: 3.52%
- 2027 to 2028: 3.17%
The Compound Annual Growth Rate (CAGR) for this period (2024-2028) is approximately 3.60%.
Future trends to watch for in Turkey's crude oil production include advancements in extraction technology, policy changes, and geopolitical developments affecting regional stability. Monitoring these factors will be crucial to understanding how the production landscape may evolve beyond 2028.
