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Oil Market Report 2008

11.11.2008

Energy Market Regulation Authority publishes the Oil Market Report 2008


.The report, drafted with the cooperation of the Competition Authority, outlines the main characteristics of the oil market in Turkey under seven chapters; (1) oil in the world markets, (2) market movements, (3) price fluctuations, (4) licensing, (5) national marker practice in the oil sector and the efforts towards founding accredited laboratories, and (6) related product markets, and (7) quality checks for oil in Turkey. Although the main purpose of the report is to provide interested parties with accurate and reliable market information, the report is likely to serve the purposes of building a more competitive oil sector due to the intense criticism contained therein with regard to the oligopolistic market structure in place.

Only 5 companies are currently controlling 90% of the oil market while 47 companies hold distribution licenses issued by EMRA.

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