Turkey - Thrace Gas Exploration Project

Document of The World Bank FOR OFFICIAL USE ONLY Report No. 4433-TU STAFF APPRAISAL REPORT TURKEY THRACE GAS EXPLORATION PROJECT June 2:, 1983 Energy Department Petroleum Projects I This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Currency Unit = Lira (TL) US$ 1.00 = TL 1.90.0 TL 1 = US$ 0.005.26 TL I million = US$ 5,263.16 MEASURES AND EQUIVALET.S 1 Metric Ton = 1,000 Kilograms (kg) 1 Metric Ton = 2,204 Pounds (lb) 1 Meter = 3.28 Feet 1 Kilometer = 0.621 Miles 1 Cubic Meter = 35.3 Cubic Feet (cft) 1 Barrel (Bbl) = 0.1'59 Cubic Meter I Metric Ton of Oil (250 API) = 6.7 Barrels 1 Normal Cubic Meter = 33.42 Standard Cubic Feet of Natural Gias 1 Kilocalorie (kcal) = 3.97 British Therman Units (BTU) MW = 1,000 Kilowatts kWh = Kilowatt-hour GWh = One Million kWh MMCF = Mill-ion Cubic Feet MMCFD = Million Cubic Feet per Day BCF = Billion Cubic Feet TCF = Trillion Cubic Feet TOE = Ton of Oil Equivalent MMT - Million Metric Ton PRINCIPAL ABBREVIATIONS AND ACRONYMS USED E & P - Exploration and Production GDPA - General Directorate of Petroleum Affairs GOT - Government of Turk.ey IPRAS - Istanbul Petroleum Refining Conmpany MENR - Ministry of Energy and Natural Resources tMTA - Mineral Exploration and Research Institute SEE - State Economic Enterprise SPO - State Planning Office TEK - Turkish Electricity Authority FISCAL YEAR January 1 - December 31  FOR OFFICIAL USE ONLY THRACE GAS EXPLORATION PROJECT STAFF APPRAISAL REPORT Table of Contents Page No. I. THE ENERGY SECTOR.* ........... *....... * .............. . 1 Introduction .................................................... I Energy Resources ............. . ..................... . .... .. 1 Energy Productionl... ........................... 6.. 2 E nergy Use rvation. 0.. .. ... ..................... . ........ . 2 E nergy I nstitutions. ....... .......................... . .... .O.. 5 Ener gy Sector Policies y........................................ 6 aP Geology.o.Tuke..* . ...... ......... .... 6 b. Conservatl onns. .... ............................... 36 c. Planning ................. . ..... .. .................... .. 7 II. THE PETROLEUM SUBSECTOR*-- ......................................0