Turkey: Petroleum Market Law

This policy removes state controls on the petroleum sector, liberalizing pricing of oil and oil products, ending restrictions on vertical integration, and integrating pipeline, refining, and distribution functions. It also aims to privatize state run refineries and product retailers. Also, in 2005, price ceilings and import quotas on petroleum products were removed. Removing the "disincentive" for energy consumption by reforming the price of electricity should increase efficient energy usage, as consumer are forced to pay more for electricity. Furthermore, pricing conventional electricity sources at market levels would allow renewable technologies to be more market competitive. Since 2001, Turkey has introduced new laws to liberalize energy markets, including the 2001 Electricity and Natural Gas Market Laws, and has established an independent regulator (EMRA).

Date Implemented: 2003

Status: In Force; Framework Policy

References: EIA Country Analysis Brief: Turkey, http://www.eia.doe.gov/emeu/cabs/turkey.html