Jon Gorvett
Once a premium destination for overseas investors, Turkey’s power sector has recently been struggling with the impact of lower-than-expected growth rates, partial market liberalisation and fixed, long-term natural gas contracts. Power generation firms face further stress as the economic impact of the pandemic bites. Efforts to arrange a new debt restructuring deal have been delayed by the virus and wider economic woes, casting uncertainty over future demand. However, the sector retains some high-grade assets, however, which may attract future investor interest.
Oman: making the most of a prime location
The sultanate has every reason to be deeply anxious about the actual and potential conflicts on its northern and southern borders, but it also has an opportunity to turn this situation to its advantage. This has been evident in the recent flurry of activity for projects aimed at developing ports and industrial areas on the country’s Arabian Sea coast into bunkering centres for international shipping and major producers of refined petroleum products and petrochemicals.
