ENERGY - Energy bourse ‘should be based’ in Istanbul

ENERGY - Energy bourse ‘should be based’ in Istanbul:

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Fatih Birol, the IEA’s chief-economist, says Turkey’s
 energy bourse should be based in Istanbul. AA photo

Turkey’s planned energy bourse, which should especially be based in Istanbul, will make a significant contribution to the country’s potential to be able to make an annual $10 billion of investments in energy, chief-economist of the Paris-based International Energy Agency (IEA), Fatih Birol said yesterday.

“The planned energy bourse will definitely have a leverage effect on Turkey’s future energy investments by creating a fertile ground for the private sector to finance new energy projects,” Birol said.

He noted that Turkey needed to make an annual $10 billion of energy investments to meet its rapidly increasing energy demands. And the country’s annual energy expenses will reach around $65-70 billion in the coming five or six years. "

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