According to data from the Turkish Statistical Institute (TÜİK), the calendar-adjusted crude oil and natural gas production index, which was estimated at 115.7 in June last year, was reported at 147.8 in June
In Turkey, where crude oil and natural gas production is accelerating, the index, which was estimated at 69.6 in January 2005, is set to average around 75 through 2021.
Following the country's largest natural gas discovery at the Sakaria gas field in the Black Sea in 2020, the index rose to 99.4 in December of that year and crossed the 100 mark for the first time in May 2021.
The index in question was calculated at 112.9 in December 2022, when crude oil was discovered in the Gabar mountain region of Ernek, and at 97.5 in the last month of last year.
The index, which saw the biggest increase of 32.2% year-on-year, rising to 146.1 in March this year, reached a record high of 147.8 in June.
During the same period, the unadjusted index also hit an all-time high of 147.7. |BGNES
