18.05.2014 Ankara

TOBB Turkey Petroleum and Petroleum Goods Industry Subcommittee meeting was held at the TOBB Union Center in Ankara, presided over by Muammer Ekim.

Discussed during the meeting was the ceiling price and its effects on the sector, emphasizing that this was an unsustainable practice, citing situations contrary to the free market economy.

Council President Ekim stressed the importance of bank guarantees globalization following the completion of legal processes. It was stated that warehousing has seen a fair amount of globalization while warrants being transitioned online has sped up processes involving bank guarantees.