Energy

While the country has been poor in many energy resources, Turkey’s geography has been central to its economic success. To better leverage this advantage, the government is working with the private sector to make Turkey central to the transit and storage of natural gas and petroleum resources. Electricity demand steadily increased at about 8% per annum, and this is driving the formulation of policies that will see Turkey increase production from renewable resources. As energy resources constitute a significant portion of total imports, driving up the current account deficit, the government is also launching efforts to see domestic resources become a greater share of the energy mix. The Energy chapter contains interviews with Taner Yıldız, the Minister of Energy; Alexander Medvedev, the Director General of Gazprom Export; Tony Hayward, the CEO of Genel Energy; and Rovnag Abdullayev, the President and CEO of SOCAR.