Turkey should immediately implement a highly credible program to fight against inflation, says Nurettin Ozdebir, Chairman of the Ankara Chamber of Industry (ASO). Speaking at the ASO January Assembly meeting, Ozdebir said inflation will continue to be a problem until the impacts of the pandemic disappear. It has now become a structural problem, he said....
Tag: energy
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Were natural gas and power outages necessary: OPINION
BY MEHMET KARA The business world, which started the new year with energy price hikes, is now facing natural gas and power outages. Turkish legislation clearly lays out how and why natural gas and electricity can be cut. First, the natural gas provided to natural gas-fired combined cycle power plants (CCPP is cut), then come...
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Ankara seeking better terms to renew gas supply contracts
Ankara expects gas suppliers to offer more competitive pricing and flexibility if they want to renew long-term contracts totaling 16 billion cubic meters a year, a senior energy ministry official said. More than a quarter of Turkey’s longterm gas contracts expire next year, including imports via pipeline from Russia’s Gazprom and Azerbaijan’s SOCAR and a...