Scholarly Publications - EPAM

Permanent URI for this collectionhttps://hdl.handle.net/11693/115624

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Browsing Scholarly Publications - EPAM by Author "Özdemir, Volkan"

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    A new era in Russian gas market: the diminishing role of Gazprom
    (Elsevier, 2015) Özdemir, Volkan; Karbuz, S.
    The Russian gas industry is in a transition, which can be characterized as modest decentralization. While its gas production continues to decline and competition on the Russian market intensifies, Gazprom will have to adapt to changing conditions. Non-Gazprom producers are increasing their share in total gas production. Major structural reforms may make the market structure in gas and oil sectors more and more similar in the longer term. Although liberalization is partly achieved for LNG exports, the pressure is now building on breaking Gazprom's pipeline gas monopoly. On the other hand, Gazprom is currently facing several challenges on the European market. Gazprom might unbundle transmission sector along with others. All these will, sooner or later, prepare the demise of Gazprom monopoly.
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    State and substate oil trade: the Turkey‐KRG Deal
    (Wiley-Blackwell Publishing, 2016) Özdemir, Volkan; Raszewski, S.
    After the U.S. withdrawal from Iraq, there has been increasing tension between the central government in Baghdad and the Erbil‐based Kurdistan Regional Government (KRG) in northern part of the country. Although KRG President Masoud Barzani supported Iraqi Prime Minister Nouri al‐Maliki in the federal elections of 2010, the two sides have been in open conflict over energy projects within the semiautonomous Kurdish region. The KRG is a substate actor in regional relations whose international legal status has not yet been determined. It is important to note that any future determination will undoubtedly hinge on oil and gas resources. Maliki's administration has consistently argued that the Federal Oil Ministry has primary authority over Iraq's oil sector. The KRG has claimed independent authority over energy resources in the region, including the right to sign oil‐field exploration and production contracts within its territory, govern oil fields, and export oil and natural gas. The federal constitution of Iraq regulates the oil revenue‐sharing mechanism and other features related to energy exploration and production. Following from this, all petroleum exported from Iraq should be marketed through the country's State Oil Marketing Organization (SOMO), with the KRG receiving 17 percent of the resulting revenues. However, the regulation of the energy sector in the KRG is unclear.
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    The Trans-Anatolian Pipeline (TANAP) as a unique project in the Eurasian gas network: a comparative analysis
    (Pergamon Press, 2015) Özdemir, Volkan; Yavuz, H. B.; Tokgöz, E.
    Trans-Anatolian Gas Pipeline (TANAP) as a part of the Southern Gas Corridor has significant implications for the transit security of the European Union and the domestic gas market of Turkey. Among those countries in Eurasia, only Turkey's process of liberalization is a success story, albeit an incomplete one. Surrounded by liberal markets to the West and monopolistic markets to the East, Turkey partially possesses a competitive gas market. TANAP, a unique project among the international pipelines in Eurasia, strengthens Turkey's peculiar position by de facto ending the monopoly of the incumbent BOTAŞ over gas transmission and thus contributes to the liberalization of the domestic market.