5015 Petroleum Market Law

The petroleum market law has been published in the Official Gazette in Turkey on 20 December 2012. The purpose of the petroleum market law is to regulate the guidance, surveillance and supervision activities in order to ensure the transparent, non-discriminatory and stable performance of market activities pertaining to the delivery of petroleum supplied from domestic and foreign resources to consumers, directly or after processing, in a reliable, cost-effective manner within a competitive environment.