Turkish Economy - News & Updates

[Nefer]

Turkey's industrial production expands 2.2 pct in September | Economy | Daily Sabah

 

[xxxKULxxx]

Turkish Airline's net profit in 9 months is 1,545 billion TL...

THY'den 2014'ün ilk 9 ayında rekor kar - Ekonomi

Also...

THY - Türk Hava Yolları - Basın Bülteni Detayı - thy.com

 

[Nefer]

Dunno if appropriate to this thread, The search for fossil fuels is starting 1 year earlier instead of the original planning of 2016, because there are some indications of petrol in the black sea. Şile to be precise.

article only for turkish readers
Heyecanlandıran haber: Şile'de petrol sürprizi - Yenisafak.com.tr

 

[Hakan]

GOVERNMENT LAUNCHES TL 10B ENERGY INVESTMENT​

ANKARA — The government is initiating the most comprehensive transformation program in order to increase energy efficiency and production using local resources. While steps will be taken to increase the production of oil and natural gas, the production fields in Azeri-Çıralı-Güneşli and Şahdeniz will be enlarged. This four-year package is expected to invest a total of TL 10 billion ($4.42 billion) in the energy sector.

The package will aim to increase the share of national resources in the energy sector to 35 percent since dependency on foreign resources is expanding the current account deficit. Other initiatives included in the package are as follows:
While increasing the area reserved for development and production in Azeri-Çıralı-Güneşli and Şahdeniz in Azerbaijan, there will be attempts to increase production through additional reserves and more production. Development-production projects in Iraq's Badra, Missan, Mansurya and Siba are also planned to be increased.

Wells using unconventional extraction and production methods will be opened in the regions of Thrace and southeastern Turkey. Secondary methods such as carbon dioxide, gels and steam injection techniques will be applied in order to prevent a decrease in production which is currently being observed at oil fields.

Drilling works will be carried out to find hydrocarbon reserves in the Black Sea and the Mediterranean region along with southeastern Anatolia, Thrace, eastern Anatolia and central Anatolia. To the west of the Black Sea, drilling works for gas hydrates will be carried out using 3D production modeling while synthetic petrol and gas production will be carried out at licensed fields in Bolu-Göynük-Mengen and Ankara-Nallıhan. Electric energy will be produced at new thermal power plants yet to be established.

A build-operate-transfer model tender will be issued for the large lignite basins in Afşin-Elbistan, Konya Karapınar and Thrace Ergene by Enerji Üretim A.Ş. The capacities of facilities for storge will be increased in Silivri, Değirmenköy and Salt Lake Underground Natural Gas Warehouse Project. Many foreign companies avoid entering into rehabilitation tenders for hydroelectric plants belonging to EÜAŞ due to certain restrictions in tender codes. The Energy Ministry will ensure that certain companies and tenders are exempted from certain regulations imposed by the Tender Code depending on their operation and production fields.

With this program Turkey's Biomass Energy Potential Atlas and information on the amount of urban, domestic, herbal waste and waste created by forestry products and municipalities will be collected and directed to the Energy Ministry. Geothermal drilling information and figures will be obtained and areas that can be heated will be determined. The investments of municipalities will be supported and incentives will be provided for installing solar energy panels for new buildings. Local technologies for producing gas, oil and hydrogen from coal will be supported and new burning technologies will be developed in order for the industrial sector to use coal containing sulfur.

Government launches TL 10B energy investment | Energy | Daily Sabah

 

[xxxKULxxx]

4G will be operational in Türkiye in 2015...

4G 2015 yılında Türkiye'ye geliyor - A Haber -12 Kasım 2014

Note: Builder is ASELSAN...

 

[FutureMe]

Analist cite lows as low as 30 dolars. Is it possible? Is it sustainable. Are we heading to a new world?

I am not allowed to post links; newbee treatment.

In a nutshel: Strong Dollar may cause oil prices to go as low as 30 Dollars.

 

[sree45]

Analist cite lows as low as 30 dolars. Is it possible? Is it sustainable. Are we heading to a new world?

I would say in the worst case scenario it would touch $ 65. Anything less than that is not possible.

 

[FutureMe]

I would say in the worst case scenario it would touch $ 65. Anything less than that is not possible.

It depends on what lies behind the fall. If it is part of an anti Russian plot in the context of the Ukrainan crisis there is certainly a limit to it. If the cost of oil extraction is the limit; we need an expert view. If it is a drastic shift in demand of the US and other big buyers than it will be long term.

 

[kaykay]

Which analysts?

 

[FutureMe]

Which analysts?

Global Macro Investor yetkilisi Raoul Pal, “Güçlenen dolar, petrol fiyatını 30-40 dolara kadar indirebilir” dedi.
Petrol fiyatlarının 30 dolara inebileceği öngörüsü yapıldı.
CNBC’ye konuşan Global Macro Investor yetkilisi Raoul Pal, “Güçlenen dolar, petrol fiyatını 30-40 dolara kadar indirebilir” dedi.
Pal öngörüsünü dolarda görülmemiş hızda bir ralli yaşanacağı tahminine dayandırdı.
Uzmana göre, dolarda yükselişin kalıcı olması ise gelişen ülke piyasalarında yüzde 50’ye varan düşüşlere neden olan 1980, 1990 benzeri gelişmeleri gündeme getirebilir.
Uluslararası piyasalarda Brent petrolün fiyatı 81 doların altına inerken, ABD ham petrolü 77 dolarda seyrediyor.

The analyst spoke to a Turkish network TV.
He based his analisys on his estimation of an unprecedented rally of US$

 

[FutureMe]

Seems to be more of a speculation then a solid estimate.

 

[xxxKULxxx]

We should stock so many oil... BTW we are building a stock for gas under Tuz Lake... It will have atleast 1 billion m3 capacity... I will add this project to 'Huge Projects of TÜRKİYE' thread later...

 

[xxxKULxxx]

This will be so good for Atatürk Airport... New apron with 26 parks for aircrafts...

Atatürk Havalimanı'nı rahatlatacak apron!

İşte Atatürk Havalimanı’nın yeni apronu!

 

[BaybarsHan]

Drogba vs. Messi: #EpicFood

 

[usernameless]

ISTANBUL RISES RAPIDLY IN GLOBAL FINANCE LEAGUE

• Sinan Öztürk
• Updated : 08.12.2014 16:26:35
• Published : 08.12.2014 16:06:24

ISTANBUL — As the Turkish economy has proved strong in recent years, Istanbul, the backbone of the Turkish economy, has also experienced a rapid transformation by turning into a global and regional powerhouse.

The city rose from 72nd place in 2009 to 42nd in September 2014 in Global Financial Centers Index. It is expected that Istanbul will reach up to 25th position in 2018.

The index is currently led by New York with 778 points, followed by London with 777 and Hong Kong with 756 points, all of which are losing ratings. Istanbul received 655 points in ratings, rising five ranks and four points in rating compared with March 2014.

The index is produced by London based Z/Yen Group by merging an online questionnaire and different indices from organizations such as the World Bank and OECD; to measure the ranking and competitiveness of global finance centers.

The main drive behind Istanbul's rise is considered to be Borsa Istanbul (BIST), Turkey's stock exchange, which has experienced important rises in the latest period.

Another important step to increase the city's financial status would be the foundation of Electric Markets Corporation (Elektrik Piyasaları Anonim Şirketi – EPİAŞ), which would be jointly controlled by private energy companies, BIST, Turkey's public electric distribution company TEİAŞ and public pipeline company BOTAŞ.

Energy expert Cemil Ertem said that EPİAŞ will serve as an energy stock exchange and will be very effective in the region spanning from Eastern Europe to Caucasus, positioning Turkey in the center.

"EPİAŞ will act as a new price mechanism for oil and natural gas and new pricing labels will emerge as a result. We will see a new pricing label called "Ceyhan" for oil, just like Brent, or "Thrace" for natural gas." Ertem said.