DISTRIBUTOR AND LUBE OIL LICENCES EXPANDED TO INCLUDE THE PROCESSING OF WASTE LUBE OILS:

THE PETROLEUM MARKET LICENSING REGULATION HAS RECENTLY BEEN AMENDED TO EXTEND THE SCOPE OF ACTIVITIES THAT CAN BE CONDUCTED BY DISTRIBUTOR AND LUBE OIL LICENSE HOLDERS.

LICENSE HOLDERS WILL NEED TO SUBMIT A LETTER OF GUARANTEE TO THE ENERGY MARKETS REGULATION AUTHORITY TO OBTAIN NATIONAL MARKERS:

RECENTLY, THE ENERGY MARKETS REGULATION AUTHORITY (“EMRA”) AMENDED THE REGULATION ON IMPLEMENTATION OF NATIONAL MARKERS IN PETROLEUM MARKET (“REGULATION”) BY MEANS OF ISSUING A NEW REGULATION WHICH WAS PUBLISHED IN THE OFFICIAL GAZETTE DATED JUNE 12, 2015 (“AMENDING REGULATION”).

NEW CHANGES BROUGHT TO THE ENVIRONMENTAL PERMISSION AND LICENSES IN ACCORDANCE WITH THE TURKISH ENVIRONMENTAL LAW:

THE MINISTRY OF ENVIRONMENT AND URBAN PLANNING HAS RECENTLY ISSUED A REGULATION ON ENVIRONMENTAL PERMISSION AND LICENSES (“THE REGULATION”), RENDERING THE PREVIOUS REGULATION DATED APRIL 29, 2009 (“THE REPELLED REGULATION”) OBSOLETE. THE REGULATION WILL BE IN FORCE AS OF NOVEMBER 1, 2014.

CHANGES TO THE LICENSING PROCESS IN THE NEW TURKISH ELECTRICITY MARKET LEGISLATION:

THE NEW ELECTRICITY MARKET LAW (THE “NEW LAW”) THAT CAME INTO FORCE ON MARCH 30, 2013 BROUGHT SOME CHANGES TO THE LICENSING PROCEDURES, ESPECIALLY FOR THE GENERATION LICENSES.