Situated in the sixth biggest choke point in the world for the transit of Crude Oil 2.9 million barrels a day pass through Turkey from the Middle East, Central Asia and Russia on to Europe. Turkey has become the natural transit point for Oil and will become a major transit point for Natural Gas according to the EIA. The Turkish straits of the Bosphorus and Dardanelles are the main transit route for Russian and Caspian crude to access international markets #energymarketturkey

The Regulation Amending the Electricity Market Balancing and Settlement Regulation (“Amending Regulation”) which was published in the Official Gazette dated March 28th, 2015 and numbered 29309 come into force as of the date of July 1st, #electricitylaw #energylaw #energymarketturkey #turkishenergylaw #energylawfirm #energyindustry #energydisputes

KILIC & Partners advises that Federal Law No. 409-FZ "On Amendments to the Russian Federation Labour Code and Article 13 of the Federal Law "On the Legal Status of Foreign Citizens in the Russian Federation" with respect to the Specific Regulation of Work Performed by Foreign Citizens or Stateless Persons" dated December 1, 2014 (the "Law"), introduced a new chapter in the Labour Code of the Russian Federation (the "Labour Code") on the specific regulation of work performed b