Energy

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 from the private sector and an increase in renewable in its power-generation mix can help the government meet the ever-rising demand for power. Finding new sources of oil and gas, including domestic ones, while expanding its burgeoning role as an energy transit hub are central to its strategy.

This chapter contains an interview with Besim Şişman, CEO and Chairman of the Board, Turkish Petroleum.