Changes

====Energy====

====Energy====

Installed electricity generation capacity in Turkey reached 35,600 megawatts (MW) as of 2004. Fossil fuels account for 71% of the total installed capacity and hydro, geothermal, and wind account for the remaining 28%. The growth in electricity generation has remained below electricity demand until recently, which has made Turkey a net importer of electricity since 1997. The growth of energy demand slowed somewhat as a result of the 2001 economic crisis, but has picked up again. Turkish authorities expect a significant electricity shortfall unless new facilities become operational. The Government of Turkey took some important steps in 2001 to liberalize its energy sector, including passage of the Electricity Market Law and establishment of the Energy Market Regulatory Authority (EMRA). However, the government has moved slowly to follow through on plans to liberalize and privatize the electricity and natural gas sectors. In 2004, the High Planning Council approved the Electricity Sector Reform Strategy to renew the reform process.  

Installed electricity generation capacity in Turkey reached 35,600 megawatts (MW) as of 2004. Fossil fuels account for 71% of the total installed capacity and hydro, geothermal, and wind account for the remaining 28%. The growth in electricity generation has remained below electricity demand until recently, which has made Turkey a net importer of electricity since 1997. The growth of energy demand slowed somewhat as a result of the 2001 economic crisis, but has picked up again. Turkish authorities expect a significant electricity shortfall unless new facilities become operational. The Government of Turkey took some important steps in 2001 to liberalize its energy sector, including passage of the Electricity Market Law and establishment of the Energy Market Regulatory Authority (EMRA). However, the government has moved slowly to follow through on plans to liberalize and privatize the electricity and natural gas sectors. In 2004, the High Planning Council approved the Electricity Sector Reform Strategy to renew the reform process.  

Oil provides about 43% of Turkey's total energy requirements; around 90% is imported. Domestic production is mostly from small fields in the southeast. New exploration is taking place in the eastern Black Sea. In 2004, the Parliament approved a petroleum market reform bill that liberalized consumer prices and would lead to the privatization of the state refining company TUPRAS. TUPRAS was privatized in 2005, but this has been held up by court cases still in process. Turkey has a refining capacity of 802,275 barrels per day (b/d).  

Oil provides about 43% of Turkey's total energy requirements; around 90% is imported. Domestic production is mostly from small fields in the southeast. New exploration is taking place in the eastern Black Sea. In 2004, the Parliament approved a petroleum market reform bill that liberalized consumer prices and would lead to the privatization of the state refining company TUPRAS. TUPRAS was privatized in 2005, but this has been held up by court cases still in process. Turkey has a refining capacity of 802,275 barrels per day (b/d).  

Turkey acts as an important link in the East-West Southern Energy Corridor bringing Caspian, Central Asian, and Middle Eastern energy to Europe and world markets. The Baku-Tbilisi-Ceyhan pipeline, which came online in July 2006, delivers 1 million b/d of petroleum, and in 2007, the South Caucasus Pipeline (from Shah Deniz) is expected to bring natural gas from Azerbaijan to Turkey. Turkey is building an interconnector pipeline to Greece, an important step in bringing Caspian natural gas to Europe via Turkey.  

Turkey acts as an important link in the East-West Southern Energy Corridor bringing Caspian, Central Asian, and Middle Eastern energy to Europe and world markets. The Baku-Tbilisi-Ceyhan pipeline, which came online in July 2006, delivers 1 million b/d of petroleum, and in 2007, the South Caucasus Pipeline (from Shah Deniz) is expected to bring natural gas from Azerbaijan to Turkey. Turkey is building an interconnector pipeline to Greece, an important step in bringing Caspian natural gas to Europe via Turkey.

====Telecommunications====

====Telecommunications====