Browsing by Author "Ozyorulmaz, Evrim"

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Citation - WoS: 6
Citation - Scopus: 10
Interpreting Turkish Industry's Perception on Energy Security: a National Survey
(Pergamon-Elsevier Science Ltd, 2017) Biresselioglu, Mehmet Efe; Yelkenci, Tezer; Ozyorulmaz, Evrim; Yumurtacı Hüseyinoğlu, Işık Özge
Along with the changing concerns over energy security in the last decades, it is important to investigate the perception of different segments of society in order to understand how they view the challenges and opportunities in contemporary energy issues. Being one of the most dynamic energy economies globally, Turkey is continuously increasing both its electricity generation and consumption. Since the industrial sector accounts for higher ratios in this growth, this article explores the perception and awareness within Turkish industrial companies related to energy security, Turkish energy policy, and compatibility of corporate strategy with governmental energy and industrial policies. The study is based on the exploration of nine suppositions relating to the following issues: importance of energy costs in supply chain management, energy efficiency priority, effectiveness of legal infrastructure for energy efficiency, import dependency awareness, renewable energy awareness, the compatibility of energy strategy, climate change awareness, the level of Kyoto Protocol awareness, and compatibility between firm-specific targets and strategy papers. The study tests these suppositions with a survey based on the existing academic literature and three strategy documents related to industrial and energy policies, namely papers on Energy Efficiency Strategy, Turkish Industrial Strategy, and Electricity Energy Market and Security of Supply Strategy. These papers provide the research background and give insight for each of the suppositions. A survey was distributed to the top 500 Turkish industrial companies listed in ISO500. The results show that six suppositions are supported, one is unsupported, and two is neither supported nor unsupported. (C) 2016 Elsevier Ltd. All rights reserved.
Citation - WoS: 1
Citation - Scopus: 2
The Rationale Behind Turkey's High Gasoline Prices
(Sage Publications Ltd, 2014) Biresselioglu, Mehmet Efe; Demir, Muhittin Hakan; Ozyorulmaz, Evrim
As oil prices increase, companies experience rising costs and falling profits, leaving governments to deal with the increasing interest rate, inflation and unemployment. However, on the consumer side, the key concern of increasing oil prices is their direct impact on the gasoline pump prices. Consequently, oil price rises have always been an important part of the public debate, especially in countries experiencing high prices for gasoline, such as Turkey. After decades of high prices, Turkey has the most expensive gasoline in the world, at 2.64 $/litre as of Quarter 2 of 2013. The aim of this paper is to reveal which factors are most important in determining gasoline pump prices in Turkey. In addition, a comparison of the periods with different pricing regimes is presented in order to demonstrate the actual effects of policy changes imposed by the government. The results show that, rather than the market variables, retail pump prices are primarily determined by variables that are more of a macroeconomic nature. This conclusion suggests that these market variables are utilized by companies in the market as tools for regulating prices that can be perceived an informal automatic price regulation mechanism.
Citation - WoS: 5
Citation - Scopus: 6
Towards a Liberalized Turkish Natural Gas Market: a Swot Analysis
(Taylor & Francis Inc, 2019) Biresselioglu, Mehmet Efe; Demirbağ Kaplan, Melike; Ozyorulmaz, Evrim
Turkey is currently in the process of restructuring and liberalization of its natural gas market. However, Turkish Petroleum Pipeline Corporation's (BOTAS) monopoly of more than 80% of natural gas imports, and ranging subsidized gas prices from the beginning, mainly for power generators but also for households and the industry, are among the factors preventing the formation of a fully competitive and liberal market. Hence, the primary aim of this study is to gain insight into the private sector view of the restructuring process, through a qualitative inquiry, including an industry-wide survey and a Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis. This study reveals the various internal (Strengths and Weaknesses) and external (Opportunities and Threats) factors, the degree of importance of each factor for the future of the industry, and the level of consistency between these aforementioned assessments. Based on the consensus reached among the Turkish Natural Gas industry representatives, policy recommendations are provided. Results suggest that market liberalization and increase in private sector involvement are the two strengths agreed upon. Likewise, competitive structuring is evaluated as a critical factor for transparency and efficiency, rather than being simply infrastructure-based development. In addition, the participants concur on the importance of increasing share of LNG in the total natural gas supply.