As is known, the petroleum explorations have come to the fore in
Turkey within the discovery of new oil wells. Even if its oil
production does not meet the oil demand, Turkey has been working
also on reforms in oil market like in other energy sub-sectors.
Market Structure
The downstream and midstream market activities such as refining,
distribution, transport, export and import activities are regulated
by the EMRA under the condition of a convenient license obtaining.
The relevant authority for oil exploration licenses is the General
Directorate for Oil Affairs ("GDOA"). Together with the
energy market liberalizations in other sub-sectors, oil market has
also been opened to competition within the new legislation. The
Petroleum Market Law and License Regulation include rules which
opens the market activities to private sector companies.
