Please submit your e-mail address to get the latest news

Minister emphasizes private sector’s role
  16.09.2011


Private firms should handle the distribution of the 6 billion cubic meters of natural gas that reaches Turkey through Bulgaria, Turkish Energy Minister Taner Yıldız said Thursday.



 


“We believe the transfer of contract rights for the 6 billion cubic meters [of natural gas that flows through] the west pipeline must be realized through the private sector,” Yıldız said in his opening speech at the 13th International Energy Arena conference in Istanbul.

Such a transfer is necessary in order to increase the private sector’s share in the market and thus liberalize markets and increase competition, he said.

The minister also said contract rights for the natural gas provided by Russia’s natural gas giant Gazprom through the Blue Stream Pipeline would not be transferred to private firms for the time being.

Noting that Russia had refused such a transfer for certain technical reasons, Yıldız said: “This is a bid with two parties. [Some time is needed so that the issue can mature] on the part of both the Russian Federation and Turkey.”

It was revealed in July that Gazprom had refused requests by Turkey’s Petroleum Pipeline Corporation, or BOTAŞ, to permit private firms to handle the distribution of 6 billion cubic meters of natural gas as part of the Blue Stream Pipeline agreement, which was signed on Dec. 15, 1997.

Some 24 lots of a yearly capacity of 250 million cubic meters were put up for tender in a bid that BOTAŞ opened to private firms, which had until Sept. 7 to apply. Firms willing to apply for the tender had to sign with Gazprom before the application, BOTAŞ said in its requirements.

  
  

Source : hurriyetdailynews.com
Hit : 701


Strategic Market Intelligence: General Insurance in Turkey – Key Trends and Opportunities to 2022
Africa a priority market for Turkish health care tourism
Turkish economy grows 4 percent in 2015
Turkey s new central bank chief signals simpler policy
Turkish inflation drops to 3 year low
Turkey s Central Bank cuts overnight lending rate
The 3rd edition of the XPRIMM Turkey Insurance Profile launched at the 7th International Istanbul Insurance Conference
Insurance contract may be made electronically
Agencies will not use insurance on their name
Fitch has announced Turkish insurance industry report
Turkey s Halkbank pension and insurance sale, sources say
Turkey launches new health data system
Turkey: Achieving a transition to a new economy
New Milan expo displays best of Turkish culture
Turkey s insurance sector strengthens as investor confidence grows
Turkeys insurance sector posts 6.4 pct growth
Turkish Halk insurance units privatisation tender details unveiled
Turkey´s economic star continues to shine
Turkey more than doubles exports in last decade
Ministry of Health offers services in six languages
Foreign investment in Turkey worth $10b in 2014
Incentives to boost birth rate to cost Turkey $400 mln
Fitch upgrades Turkey s growth forecasts
Turkish tourism yield on rise

 
Medasist International - Copyright 2005