Turkey wants to raise the private sector’s share in the electricity market to 75% to raise government revenue, boost investment to keep up with demand and reduce the role of the state in the economy. Under legislation that existed until the start of 2013, this would have been difficult. However, the Electricity Market Law 6446, enacted in March 2013, sought to open up the...
The Middle East Energy
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Articles & Analysis | Turkey taking advantage of low oil prices by boosting energy supplies and reducing dependence from The Report: Turkey 2015
Given the country's reliance on energy imports and the recent economic slow-down, Turkey has benefitted from the collapse of oil prices in late 2014. It has boosted energy supplies to support future growth, while seeking to reduce its energy dependence. In addition, a long-running dream to become a global energy hub is starting to become a reality, bolstered by efforts like...
Given its reliance on energy imports and the economy’s recent slowdown, Turkey has benefitted from the sharp decline in oil prices in late 2014 and early 2015. The country has boosted energy supplies to support future economic growth, while seeking to reduce its energy dependence. In addition, a long-running dream to become an energy hub is starting to become a reality. Significant investment...
Despite some recent turbulence, Turkey has strong fundamentals that underscore its potential for long-term economic growth. With a young population of 77.7m, a strategic location within four hours’ flying time of 1.5bn consumers and a diversified economy, the country has much to offer investors.
The discovery of four new oil fields has drawn fresh attention to Kuwait’s long list of expansion projects, as the country aims to raise output by nearly one-third by 2020.
Jordan’s decision in 2012 to begin a phased withdrawal of electricity subsidies was undoubtedly a good one from the point of view of the kingdom’s public finances.