ID :
172523
Fri, 04/01/2011 - 16:25
Auther :
Shortlink :
https://oananews.org//node/172523
The shortlink copeid
Shell Turkey director says the country has become a key player for global business actors
ANKARA (A.A) - 01.04.2011 - Oil giant Shell's top official in Turkey has praised the country's rising economic profile globally, saying its oil need was expected to increase to as high as 220 million tons, over 100 percent higher than the current demand.
"Turkey has become a country that no major company can turn a blind eye on. It is the 16th biggest economy globally and within ten years time it is expected to become one of the fastest growing economies in the world, which will be accompanied by a boosting demand for energy," a statement from Shell Turkey quoted Ahmet Erdem as telling the "Growth with Turkey" conference in London.
Erdem said Turkey's strategic position in the heart of Europe, Middle East and Central Asia made it an adjacent country to over 70 percent of the world's proven oil and gas reserves.
"This makes Turkey a crucial transit country and a potential center, which will see its profile heightened with new resources to be established in the Caucasus, the Middle East and Iraq," Erdem said.
Erdem said further deregulation, and legal and fiscal stability in the country's energy sector, specifically in natural gas, was of major importance for economy.
Erdem also said more incentives were needed to boost Turkey's national oil and gas production, which he said met 7 percent and 2 percent, respectively, of the overall demand.
"Turkey has become a country that no major company can turn a blind eye on. It is the 16th biggest economy globally and within ten years time it is expected to become one of the fastest growing economies in the world, which will be accompanied by a boosting demand for energy," a statement from Shell Turkey quoted Ahmet Erdem as telling the "Growth with Turkey" conference in London.
Erdem said Turkey's strategic position in the heart of Europe, Middle East and Central Asia made it an adjacent country to over 70 percent of the world's proven oil and gas reserves.
"This makes Turkey a crucial transit country and a potential center, which will see its profile heightened with new resources to be established in the Caucasus, the Middle East and Iraq," Erdem said.
Erdem said further deregulation, and legal and fiscal stability in the country's energy sector, specifically in natural gas, was of major importance for economy.
Erdem also said more incentives were needed to boost Turkey's national oil and gas production, which he said met 7 percent and 2 percent, respectively, of the overall demand.
