The Natural Gas Geopolitics of Turkey

Total Page:16

File Type:pdf, Size:1020Kb

The Natural Gas Geopolitics of Turkey Durham E-Theses The Natural Gas Geopolitics of Turkey ARINC, IBRAHIM,SAID How to cite: ARINC, IBRAHIM,SAID (2014) The Natural Gas Geopolitics of Turkey, Durham theses, Durham University. Available at Durham E-Theses Online: http://etheses.dur.ac.uk/10837/ Use policy The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that: • a full bibliographic reference is made to the original source • a link is made to the metadata record in Durham E-Theses • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders. Please consult the full Durham E-Theses policy for further details. Academic Support Oce, Durham University, University Oce, Old Elvet, Durham DH1 3HP e-mail: [email protected] Tel: +44 0191 334 6107 http://etheses.dur.ac.uk THE NATURAL GAS GEOPOLITICS OF TURKEY by İBRAHİM SAİD ARINÇ This Thesis is submitted in fulfilment of the requirements for the degree of the Doctor of Philosophy at Durham University School of Government and International Affairs Durham University 2014 THE NATURAL GAS GEOPOLITICS OF TURKEY ABSTRACT This thesis investigates the natural gas geopolitics of Turkey and explores its interaction with the Turkish foreign policy making of the Justice and Development Party (JDP). Whilst Turkey does not have enough indigenous natural gas reserves to meet the existing and growing demand, the country does have great advantages, as it is located between the major supplier countries in the Middle East and Eurasia and is placed at the crossroads of an energy hungry European natural gas market. Therefore, the major aim of this research is to explore capacity building in the creation of relationships of interdependence between Turkey and supplier and demanding countries. Rather than introducing a dependency energy mechanism, this thesis offers the interaction capacity of the country with natural gas suppliers and consuming countries. In order to explain the relationship between politics and energy variables, the thesis establishes the theoretical framework of the study through the use of a pluralistic and integrated model, by combining International Relations Theories, the foreign policy making process of Turkey and a conceptualisation of the relations of energy interdependence. The descriptive analysis of Eurasia and the energy profile of Turkey provide detailed information about the existing energy trade and dependency relations in the Eurasian space. Hence, it explains the importance of Turkey in Europe’s diversification of energy corridors and Turkey’s natural gas market, which is considered to be the second biggest market in Europe. The significance and role of Turkey in the construction of pipeline projects (ITGI, TANAP, Nabucco, Nabucco-West and TAP) that go through Turkey to Europe, a route which is called the Southern Corridor, are analysed in the thesis. On the other hand, this thesis offers certain perspectives for the Caspian-Turkey- Europe natural gas corridor, focusing on Azerbaijan-Turkmenistan’s role in the natural gas trade for the energy security of Europe. Moreover, the natural gas potential of Iran, Iraq (including KRG), Qatar, Egypt and Israel, Turkmenistan and Azerbaijan are viewed as major natural gas sources for Turkey and Europe in this thesis. Turkey has historical and economic ties with the Caspian Sea and Middle East regions, which hold immense natural gas reserves that can be marketed to Turkey and to the European Union (EU). Mapping Turkey’s energy relations with consuming and producing countries, and defining Turkey’s geopolitical space, will not only help to develop its energy policy to secure its own energy consumption but also to manage interdependence relations between Eurasia and Europe. This is a new conceptualisation of energy supply and transit management of Turkey in the context of a new model called the Anatolian Gas Centre (AGS). ii DECLARATION None of the material contained in this thesis has previously been submitted for a degree at the University of Durham or any other university. None of the material contained in this thesis is based on joint research. The content of this thesis consists of the author’s original individual contribution with appropriate recognition of any references being indicated throughout. iii COPYRIGHT The copyright of this thesis rests with the author. No quotation from it should be published without prior written consent, and information derived from it should be acknowledged. iv DEDICATION TO MY FAMILY v ACKNOWLEDGEMENTS I would like to express my deep gratitude to my supervisor Prof. Anoush EHTESHAMI. Without his guidance and encouragement, this thesis could never have been realized. I am grateful to H.E. Abdullah GÜL, who has encouraged me to attend the PhD program and supported me throughout my education at Durham University. I would like to thank H.E. Ahmet DAVUTOĞLU, who accepted me as his apprentice-çırak for two years, which deeply affected my intellectual and professional career. I am very thankful to H.E. Taner YILDIZ, who gave me a great opportunity to expand my expertise on the natural gas business. I would also like to express my special thanks to my ex-director Mr. Mehmet BİLGİÇ, Mr. O. Saim DİNÇ and Dr. Cenk PALA for guiding my learning in the natural gas business and international natural gas politics. This dissertation would not be possible without the encouragement and support of my father Prof. Ümit Doğay ARINÇ Furthermore, I would like to thank Prof. Bill PARK, Mr. John NORTON, Dr. Colin TURNER, Dr. Mehmet ASUTAY, Prof. Bülent ARAS, Dr. Şaban KARDAŞ and Dr. Süleyman ELİK, as their academic insights and visions helped me construct my thesis. I am also grateful to my friend Levent ÖZGÜL from BOTAŞ for sharing his expertise and intelligence with me regarding the technical dynamics of global and local natural gas markets. Finally, I will never forget the enormous support and patience of my wife, Leyla. vi TABLE OF CONTENTS ABSTRACT ............................................................................................................................................. ii DECLARATION ..................................................................................................................................... iii COPYRIGHT .......................................................................................................................................... iv DEDICATION ......................................................................................................................................... v ACKNOWLEDGEMENTS..................................................................................................................... vi TABLE OF CONTENTS ....................................................................................................................... vii LIST OF ABBREVIATIONS ................................................................................................................. xi LIST OF TABLES ................................................................................................................................ xvi LIST OF MAPS .................................................................................................................................... xvii INTRODUCTION .................................................................................................................................... 1 1. THE AIMS AND OBJECTIVES OF THE STUDY ........................................................................ 2 2. SIGNIFICANCE OF THE STUDY ................................................................................................. 2 3. LITERATURE REVIEW OF TURKEY’S ENERGY GEOPOLITICS .......................................... 3 4. CONTRIBUTION OF THE STUDY ............................................................................................ 12 5. RESEARCH METHODOLOGY................................................................................................... 13 5.1. Data Collection Method .......................................................................................................... 13 5.2. Methodology for Data Analysis .............................................................................................. 14 5.3. The Level of Analysis ............................................................................................................. 17 6. THE HYPOTHESIS OF THE THESIS ......................................................................................... 18 7. THE OUTLINE OF THE THESIS ................................................................................................ 19 Chapter 1 ................................................................................................................................................ 22 A THEORETICAL FRAMEWORK FOR TURKEY’S ENERGY POLITICS IN INTERNATIONAL RELATIONS .......................................................................................................................................... 22 1.1. INTRODUCTION ...................................................................................................................... 22 1.2. OVERVIEW OF GEOPOLITICAL THEORIES ....................................................................... 23 1.2.1. Traditional Geopolitical Approaches ..................................................................................
Recommended publications
  • Assessing the Development- Displacement Nexus in Turkey
    Assessing the Development- Displacement Nexus in Turkey Working Paper Fulya Memişoğlu November 2018 Assessing the Development- Displacement Nexus in Turkey Working Paper Acknowledgements This report is an output of the project Study on Refugee Protection and Development: Assessing the Development-Displacement Nexus in Regional Protection Policies, funded by the OPEC Fund for Inter- national Development (OFID) and the International Centre for Migration Policy Development (ICMPD). The author and ICMPD gratefully acknowledge OFID’s support. While no fieldwork was conducted for this report, the author thanks the Turkey Directorate General of Migration Management (DGMM) of the Ministry of Interior, the Ministry of Development, ICMPD Tur- key and the Refugee Studies Centre of Oxford University for their valuable inputs to previous research, which contributed to the author’s work. The author also thanks Maegan Hendow for her valuable feedback on this report. International Centre for Migration Policy Development (ICMPD) Gonzagagasse 1 A-1010 Vienna www.icmpd.com International Centre for Migration Policy Development Vienna, Austria All rights reserved. No part of this publication may be reproduced, copied or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission of the copyright owners. The content of this study does not reflect the official opinion of OFID or ICMPD. Responsibility for the information and views expressed in the study lies entirely with the author. ACKNOWLEDGEMENTS \ 3 Contents Acknowledgements 3 Acronyms 6 1. Introduction 7 1.1 The Syrian crisis and Turkey 7 2. Refugee populations in Turkey 9 2.1 Country overview 9 2.2 Evolution and dynamics of the Syrian influx in Turkey 11 2.3 Characteristics of the Syrian refugee population 15 2.4 Legal status issues 17 2.5 Other relevant refugee flows 19 3.
    [Show full text]
  • Gazprom's Monopoly and Nabucco's Potentials
    Gazprom’s Monopoly and Nabucco’s Potentials: Strategic Decisions for Europe Nicklas Norling SILK ROAD PAPER November 2007 Gazprom’s Monopoly and Nabucco’s Potentials: Strategic Decisions for Europe Nicklas Norling © Central Asia-Caucasus Institute & Silk Road Studies Program – A Joint Transatlantic Research and Policy Center Johns Hopkins University-SAIS, 1619 Massachusetts Ave. NW, Washington, D.C. 20036, U.S. Institute for Security and Development Policy, V. Finnbodav. 2, 131 30, Nacka-Stockholm, Sweden www.silkroadstudies.org "Gazprom’s Monopoly and Nabucco’s Potential: Strategic Decisions for Europe" is a Silk Road Paper published by the Central Asia-Caucasus Institute & Silk Road Studies Program. The Silk Road Paper series is the Occasional Paper series of the Joint Center, published jointly on topical and timely subjects. The Central Asia-Caucasus Institute and the Silk Road Studies Program is a joint transatlantic independent and externally funded research and policy center. The Joint Center has offices in Washington and Stockholm and is affiliated with the Paul H. Nitze School of Advanced International Studies of Johns Hopkins University and the Stockholm-based Institute for Security and Development Policy. It is the first Institution of its kind in Europe and North America, and is today firmly established as a leading research and policy center, serving a large and diverse community of analysts, scholars, policy-watchers, business leaders and journalists. The Joint Center aims to be at the forefront of research on issues of conflict, security and development in the region. Through its applied research, publications, teaching, research cooperation, public lectures and seminars, it wishes to function as a focal point for academic, policy, and public discussion regarding the region.
    [Show full text]
  • The Regional Security Environment
    1800 K Street, NW Suite 400 Washington, DC 20006 Phone: 1.202.775.3270 Fax: 1.202.775.3199 Web: www.csis.org/burke/reports Energy Risks in North Africa and the Middle East Anthony H. Cordesman Arleigh A. Burke Chair in Strategy Second Edition May 24, 2012 Introduction 2 Introduction Any estimate of energy risk is highly uncertain. The reality can vary sharply according to national and global economic conditions, politics, war, natural disasters, discoveries of new reserves, advances in technology, unanticipated new regulations and environmental issues, and a host of other factors. Moreover, any effort to model all aspects of world energy supply and demand requires a model so complex that many of its interactions have to be nominal efforts to deal with the variables involved. Even if perfect data were available, there could still be no such thing as a perfect model. That said, the US Department of Energy (DOE) and its Energy Information Agency (EIA) do provide estimates based on one of the most sophisticated data collection and energy modeling efforts in the world. Moreover, this modeling effort dates back decades to the founding of the Department of Energy and has been steadily recalibrated and improved over time – comparing its projections against historical outcomes and other modeling efforts, including those of the International energy Agency and OPEC. The DOE modeling effort is also relatively conservative in projecting future demand for petroleum and natural gas. It forecasts relatively high levels of supply from alternative sources of energy, advances in new sources of energy and liquid fuels, and advances in exploration and production.
    [Show full text]
  • Payandan Shareholders
    PAYANDAN PAYANDAN 1. Company Background Creative Path to Growth Payandan Shareholders PAYANDAN Payandan’s shares belong to Mostazafan Foundation of Islamic Revolution. • Mostazafan Foundation owns 49% • Sina Energy Development Company owns 51% Mostazafan Foundation of Islamic Revolution Sina Energy Development Company PAYANDAN Mostazafan Foundation of Islamic Revolution PAYANDAN SEDCO Sina Financial Paya Saman Pars (Oil & Gas) & Investment Co (Road & Building) Sina Food Industries Iran Housing Group Saba Paya Sanat Sina (Power & Electricity) (Tire, Tiles, Glasswork, Textile, Etc) Ferdos Pars Sina ICT Group (Agriculture) Parsian Tourism Kaveh Pars & Transport Group (Mining) Alavi Foundation Alavi Civil (Charitable) Engineering Group Sina Energy Development Holding Company PAYANDAN SEDCO as one of subsidiaries of The Mostazafan Foundation of Islamic Revolution is considered one of pioneer holding companies in area of oil & gas which aims on huge projects in whole chains of oil and gas. Payandan (Oil & Gas General Contractor) North Drilling (Offshore Drilling) Pedex (Onshore Drilling) Behran (Oil Refinery Co) Dr Bagheri SEDCO Managing Director Coke Waste Water Refining Co Payandan in Numbers PAYANDAN +40 1974 Years ESTABLISHED +1400 +4000 EMPLOYEES CONTRACTOR +200,000,000 $ ANNUAL TURNOVER 75 COMPLETED PROJECTS Company Background PAYANDAN • 48” Zanjan-Mianeh Pipeline • 56” Saveh-Loushan • South Pars – SP No. 14 Pipeline (190KM) • South Pars – SP No. 13 • 56" Dezfoul- Kouhdasht Pipeline (160KM) 1974 1996 2003 2005 2007 2009 2011 2013 2015 2017 • Nargesi Gas • F & G Lavan • 56” Asaluyeh Gathering & • South Pars – SP Pipeline Injection No. 17 & 18 • 30” Iran- Payandan is • South Pars – SP No. 22,23,24 Armenia established (oil and • 48” Iraq Pipeline Naftkhane- Pipeline gas contractor) Baghdad (63KM) (113KM) • 56” Naeen-Tehran Gas Pipeline (133KM) • Parsian Gas Refinery • 56” Loushan-Rasht Gas Pipeline (81KM) • Pars Petrochemical Port • Arak Shazand Refinery • Kangan Gas Compressor Station • South Pars – SP No.
    [Show full text]
  • Turkomans Between Two Empires
    TURKOMANS BETWEEN TWO EMPIRES: THE ORIGINS OF THE QIZILBASH IDENTITY IN ANATOLIA (1447-1514) A Ph.D. Dissertation by RIZA YILDIRIM Department of History Bilkent University Ankara February 2008 To Sufis of Lāhijan TURKOMANS BETWEEN TWO EMPIRES: THE ORIGINS OF THE QIZILBASH IDENTITY IN ANATOLIA (1447-1514) The Institute of Economics and Social Sciences of Bilkent University by RIZA YILDIRIM In Partial Fulfillment of the Requirements for the Degree of DOCTOR OF PHILOSOPHY in THE DEPARTMENT OF HISTORY BILKENT UNIVERSITY ANKARA February 2008 I certify that I have read this thesis and have found that it is fully adequate, in scope and in quality, as a thesis for the degree of Doctor of Philosophy in History. …………………….. Assist. Prof. Oktay Özel Supervisor I certify that I have read this thesis and have found that it is fully adequate, in scope and in quality, as a thesis for the degree of Doctor of Philosophy in History. …………………….. Prof. Dr. Halil Đnalcık Examining Committee Member I certify that I have read this thesis and have found that it is fully adequate, in scope and in quality, as a thesis for the degree of Doctor of Philosophy in History. …………………….. Prof. Dr. Ahmet Yaşar Ocak Examining Committee Member I certify that I have read this thesis and have found that it is fully adequate, in scope and in quality, as a thesis for the degree of Doctor of Philosophy in History. …………………….. Assist. Prof. Evgeni Radushev Examining Committee Member I certify that I have read this thesis and have found that it is fully adequate, in scope and in quality, as a thesis for the degree of Doctor of Philosophy in History.
    [Show full text]
  • Turkey Energy Outlook Book
    Turkey Energy Outlook 2020 Prof. Carmine Difiglio Bora Şekip Güray Ersin Merdan Sabancı University IICEC Istanbul International Centre for Energy and Climate Minerva Palas, Bankalar Caddesi, No:2 Karaköy 34420 Istanbul / Turkey Phone: +90 212 292 49 39 TEO Book Design-works: CEEN Enerji Bilgi Servisleri Dan. ve Org. ve Tic. Ltd. Şti. Kavacık Mah. FSM Cad. Tonoğlu Plaza No: 3/4 Beykoz 34810 Istanbul / Turkey Phone: +90 216 510 12 40 TEO Book Printing: G.M. Matbaacılık ve Tic. A.Ş. 100 yıl Mah. MAS-SİT 1.Cad. No:88 Bağcılar/Istanbul / Turkey Phone: +90 212 629 00 24 Fax: +90 212 629 20 13 Matbaa Sertifika No: 45463 November 2020 ISBN: 978-605-70031-9-5 About IICEC The Sabancı University Istanbul International Center for Energy & Climate (IICEC) is an independent Center at Sabancı University that produces energy policy research and uses its convening power at the energy crossroad of the world. Utilizing this strategic position, IICEC provides national, regional and global energy analyses as a research and an international networking center. Since it was established in 2010, IICEC has leveraged Istanbul’s strategic position to host high-level Forums featuring sector leaders from government, international organizations, industry and academia fostering substantive discussion among key stakeholders with the aim of charting a sustainable energy future. IICEC also hosts seminars and webinars on important energy policy, market and technology areas. As a research center in one of the most reputable universities in its region, IICEC has built a comprehensive technological and economic overview of the Turkish energy economy, published research reports on a wide variety of energy and climate topics and supports energy education at Sabancı University.
    [Show full text]
  • Caspian Oil and Gas Complements Other IEA Studies of Major Supply Regions, Such As Middle East Oil and Gas and North African Oil and Gas
    3 FOREWORD The Caspian region contains some of the largest undeveloped oil and gas reserves in the world. The intense interest shown by the major international oil and gas companies testifies to its potential. Although the area is unlikely to become “another Middle East”, it could become a major oil supplier at the margin, much as the North Sea is today. As such it could help increase world energy security by diversifying global sources of supply. Development of the region’s resources still faces considerable obstacles. These include lack of export pipelines and the fact that most new pipeline proposals face routing difficulties due to security of supply considerations,transit complications and market uncertainties. There are also questions regarding ownership of resources, as well as incomplete and often contradictory investment regimes. This study is an independent review of the major issues facing oil and gas sector developments in the countries along the southern rim of the former Soviet Union that are endowed with significant petroleum resources: Azerbaijan, Kazakstan,Turkmenistan and Uzbekistan. Caspian Oil and Gas complements other IEA studies of major supply regions, such as Middle East Oil and Gas and North African Oil and Gas. It also expands on other IEA studies of the area, including Energy Policies of the Russian Federation and Energy Policies of Ukraine. The study was undertaken with the co-operation of the Energy Charter Secretariat, for which I would like to thank its Secretary General, Mr. Peter Schütterle. Robert Priddle Executive Director 5 ACKNOWLEDGEMENTS The IEA wishes to acknowledge the very helpful co-operation of the Energy Charter Secretariat, with special thanks to Marat Malataev, Temuri Japaridze, Khamidulah Shamsiev and Galina Romanova.
    [Show full text]
  • Wiiw Research Report 367: EU Gas Supplies Security
    f December Research Reports | 367 | 2010 Gerhard Mangott EU Gas Supplies Security: Russian and EU Perspectives, the Role of the Caspian, the Middle East and the Maghreb Countries Gerhard Mangott EU Gas Supplies Security: Gerhard Mangott is Professor at the Department Russian and EU of Political Science, University of Innsbruck. Perspectives, the Role of This paper was prepared within the framework of the Caspian, the the project ‘European Energy Security’, financed from the Jubilee Fund of the Oesterreichische Na- Middle East and the tionalbank (Project No. 115). Maghreb Countries Contents Summary ......................................................................................................................... i 1 Russia’s strategic objectives: breaking Ukrainian transit dominance in gas trade with the EU by export routes diversification ............................................................... 1 1.1 Nord Stream (Severny Potok) (a.k.a. North European Gas Pipeline, NEGP) ... 7 1.2 South Stream (Yuzhnyi Potok) and Blue Stream II ......................................... 12 2 The EU’s South European gas corridor: options for guaranteed long-term gas supplies at reasonable cost ............................................................................... 20 2.1 Gas resources in the Caspian region ............................................................. 23 2.2 Gas export potential in the Caspian and the Middle East and its impact on the EU’s Southern gas corridor .................................................................
    [Show full text]
  • 5Th Pipeline Technology Conference 2010
    5th Pipeline Technology Conference 2010 The next generation of oil and gas pipelines - who, what, where and when.... Julian Lee Senior Energy Analyst Centre for Global Energy Studies UK Abstract This paper seeks to identify the next wave of major oil and gas pipeline construction projects around the world, assessing which countries are likely to be able to turn their plans for new pipelines into real, bankable projects. It is not a comprehensive, or exhaustive, list of new pipeline projects. There is no shortage of new oil and gas pipeline proposals that are keeping project sponsors, industry analysts and conference organisers busy. Many of them are grand in their ambition, many seek to meet the political ends of their sponsors, many cross several international borders, and all will compete for capital and resources. Many of tomorrow’s oil and gas supplies are being developed in areas that are remote from existing infrastructure, far from markets or export terminals. Tomorrow’s big, new hydrocarbons consumers live in countries that are only just beginning to develop their oil and gas import and transmission infrastructures, while traditional markets are stagnating. Politics, too, is playing its part, as old alliances are tested and both buyers and sellers seek security of supply and greater diversification. 1. The evolving geography of oil and gas The geography of oil and gas trade is changing. Big new oil and consumers are emerging. The centre of energy demand growth has shifted dramatically from West to East. At the same time, new centres of oil and gas production are also emerging.
    [Show full text]
  • The New Context for the Turkish-U
    1 TURKEY’S NEW ECONOMIC DIPLOMACY BALANCING COMMERCIAL INTERESTS WITH GEOPOLITICAL GOALS Mehmet Ögütçü1 Abstract The need for a comprehensive reform agenda has become extremely pressing in Turkey. At the international level, the key element is Turkey’s drive towards EU membership, which will require a huge overhaul of its regime, practices and governance (linked with the call for a new political architecture and a redefinition of national interests in foreign affairs strategy). Domestically, sense of economic crisis has accelerated needed reforms and brought an unprecedented sense of urgency. The post-crisis Turkey may well rebound and recover quickly on a solid basis, as was the case in the aftermath of the 1997 Asian crisis for Thailand and Korea. We see the novel economic diplomacy strategy as an essential part of Turkey’s wide range of policy and institutional reform agenda, designed to put Turkey on a sound footing in the new international system. More economics and less geopolitics During the Cold War, the Turkish diplomacy, like that of other NATO nations, was more focused on security, regional stability, and managing the balance of power between two superpowers and two competing models of governance. Business interests often took a back seat to these concerns. Although frustrated, business understood this. Today, we live in a different world, where competition among nations increasingly takes place in the economic arena, although for Turkey situated in a difficult neighborhood, the security issues still top the national agenda and foreign affairs. Yet, advancing Turkey’s economic interests abroad will not only create valuable new business opportunities for Turkish firms but will also enhance Turkey’s pursuit of more traditional foreign policy and security objectives by creating interdependencies and mutual interests that cannot be readily sacrificed.
    [Show full text]
  • May 2016,ISSN 0474–6279 4 Member Country Focus Centre for Dialogue Iran Oiliran Show Appointment Newsline Obituary
    Visit our website www.opec.org The ultimate resource It has been a common response throughout the history a more creative, more dynamic and more competitive en- of human societies to look elsewhere for solutions to ergy sector. In this, the role of each country’s national oil complex challenges. When man first set out across the company, under the inspiring leadership of their respec- Tigris-Euphrates river valley, he went not only in search of tive ministries, should not be overlooked. And together, better living conditions but also knowledge and wisdom. in various ways, they have each been able to start putting It is not much different today. Developing countries together programmes of action and investment, research of the ‘global south’ — in Africa, Asia, and the Middle and development, that promises to make each country a Commentary East — often find themselves looking to other countries leader in its own right. for the newest approaches to economic development and What the Oil Show in Iran also demonstrated, as one the latest technological innovations. of our feature articles in this edition suggests, is the coun- Sometimes lost in this rush for the ‘newest’ and the try’s resilience. That is to say, even without necessarily ‘latest’ is the recognition that local communities often having access to all the inputs, materials and resources have a better understanding of local challenges, and that that companies might want or desire, they have still found the people on the ground may have some of the greatest a way to move forward — and not only move forward but insights.
    [Show full text]
  • Faaliyet-2014-Web-Eng.Pdf
    TABLE OF CONTENTS Presentation Compliance Opinion on the Annual Report .....................................................................................................................................................................................................2 Agenda of the Ordinary General Assembly Meeting ..................................................................................................................................................................................3 Our Mission-Our Vision-Our Strategy ....................................................................................................................................................................................................................6 Summary Financial Results ....................................................................................................................................................................................................................................... 7 Corporate Profile ..................................................................................................................................................................................................................................................................8 Capital and Shareholding Structure .....................................................................................................................................................................................................................9 Message From the Minister
    [Show full text]