Botas

Turkish state-run pipeline operator Botaş has raised natural gas prices by 9 percent for residential users and 18.5 percent for industrial users, energy sector sources said on Oct. 1.

Turkey's state pipeline operator Botaş will hike the price of natural gas used for electricity production by 50 percent as of Aug. 1, sources said.

Public Gas Corporation (DEPA) is seeking to renegotiate its contracts with international suppliers, as conditions in the domestic market that DEPA monopolized until recently have changed drastically and are expected to change further.

Russian state gas giant Gazprom said on May 26 it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botaş to end an arbitration dispute over the terms of gas supplies.

State-run Qatargas, the world's largest producer of liquefied natural gas (LNG), said on Sept. 20 that it had signed a medium-term sales and purchase agreement with Turkey's Botaş to deliver 1.5 million tons of LNG each year for three years.

President Recep Tayyip Erdoğan said on Sept. 8 Turkey would reorganize its $40 billion sovereign wealth fund after dismissing the organization's chairman over its failure to meet targets since it was founded a year ago.

The state-run energy giant Botaş has been revealed to be Turkey's biggest taxpayer.

A total of 27 corporate tax champions and 53 top individual taxpayers in two top 100 taxpayers' lists had prefered to remain discreet, Aug. 8 report said.

The state-run oil pipeline company Botaş has been revealed to be Turkey's biggest taxpayer.

A total of 27 corporate tax champions and 53 top individual taxpayers in two top 100 taxpayers' lists had prefered to remain discreet, Aug. 8 report said.

Seven energy companies have been listed among the top 10 largest companies in Turkey based on revenue, according to a Fortune 500 list announced on July 3.      

Turkey's top oil refinery, TÜPRAŞ, ranked number 1 on this year's list, published annually by the business magazine Fortune, which has a net sale revenue of 34.85 billion Turkish Liras ($9.89 billion) in 2016.      

Turkey is likely to require 25 percent less gas in 2030 than forecast by state-owned pipeline operator BOTAŞ as the government promotes renewable power and domestic coal use, a study showed on April 24.