Thursday, 8 August 2013

Turkey Oil and Gas Report Q4 2013: Business Monitor International Market Research Reports

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Turkey Oil and Gas Report Q4 2013
Aug 7th 2013, 00:00

Price: $ 1295  

BMI View: Turkey will remain heavily dependent upon oil and gas imports for the foreseeable future. However, its role as a critical energy transit hub between Western and Emerging Europe, the Middle East, the Caspian and Russia provides it with a unique form of leverage and makes it indispensable as a key player in the global energy market. The decision to proceed with the TAP and TANAP natural gas pipelines cements Turkey's position as a transit, and also secures 6bcm of new supplies for Turkey's domestic market. There is also upside potential to the country's domestic energy production in the form of Black Sea reserves and unconventionals, including shale, although it is too early for either to be factored into our forecasts. Mounting investment into exploration activities underscores the govern ...

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