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Turkey has been suspended due to a gas crisis in the country that has forced the government to set up power plants in factories.
Tofas, a Turkish car manufacturer owned by Fiat Chrysler, was one of the announcers to suspend production on Monday, according to Turkish media, after the government announced a three-day power reduction for heavy industrial users this week. Others included the Renault deal, which said it would suspend production of its factory in Bursa, west of the country, for 15 days from Monday.
Extinguish, which can cause stots Turkey has already begun to grow inflation and hit President Recep Tayyip Erdogan’s bid to export, came after Iran – which supplies about 10 percent of Turkey’s natural gas – last week announced it had temporarily suspended the export of gas to its neighbor due to technical difficulties.
Lower energy levels, along with higher energy demands such as winter and snow have spread across the country, have resulted in power outages in more than half of the world’s electricity generation.
“It’s a serious shortcoming in Turkey,” said Emre Erturk, founder of Istanbul’s Energy IQ. “This kind of system in the world has not been taken seriously for a long time.”
The ruling was frustrated by Turkish manufacturers, who complained that they had not been given any notice of compulsory suspension production this week – and power outages that affected various parts on different days.
Botas, a gas supplier to the state, has announced that it is not allowed to operate companies that manufacture essential products including chemicals, milk and meat.
But analysts and industry statistics say the move poses a threat to major manufacturing teams, including automotive, metals and textiles.
Power outages could threaten Erdogan’s attempts to place exports among the so-called his new economic model. He expects foreign exchange to be the best option for the Turkish lira, which lost about 45 percent of its value against the dollar last year.
“It will have an impact on the growth of exports,” said Ozlem Derici Sengul, founder of Istanbul-based Spinn Consultancy. “If it doesn’t work out once in a while, we can re-evaluate what we’re growing.”
Derici Sengul also added that the long-term suspension could also lead to a rise in oil prices, which were already 20 per cent of 36 per cent in January.
Turkey sent a delegation to Iran on Monday to deal with the crisis, according to Bloomberg.
Tehran oil minister Javad Owji said over the weekend that Turkey had urged Iran to continue exporting gas and suspend construction work. “But considering that it was dangerous and potentially triggering events, we had no choice but to overthrow it [gas] pressure and exports, “Owji told local reporters. But the cold made us stop for a few days. This problem needs to be addressed as we see the need for this. ”
In a telephone interview on Saturday, Erdogan told President Ebrahim Raisi that Turkey considered its neighbor a “reliable source of power”, according to Iranian media. No details were provided.
Erturk, an energy analyst, said that although Ankara had made strenuous efforts to increase its gas supply capacity in recent years, it had failed to renew long-term agreements that ended last year with Russia and Azerbaijan.
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