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Powertrans
Powertrans is an oil trading company in Turkey that was established in 2011. In a controversial move, the company was given a monopoly on all the road and rail transportation of oil into Turkey from Iraqi Kurdistan. Turkish media reported in 2014 and 2015 that Powertrans has been accused of buying oil from the Islamic State of Iraq and the Levant. Hacked e-mails have shown that Powertrans is connected to Berat Albayrak, son-in-law of the president of Turkey, Recep Tayyip Erdoğan Recep Tayyip Erdoğan (born 26 February 1954) is a Turkish politician serving as the List of presidents of Turkey, 12th and current president of Turkey since 2014. He previously served as prime minister of Turkey from 2003 to 2014 and as Lis .... Albayrak had previously denied that he had any connection to Powertrans. References {{DEFAULTSORT:Powertrans Oil and gas companies of Turkey Energy companies established in 2011 Turkish companies established in 2011 ...
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Berat Albayrak
Berat Albayrak ( born 21 February 1978) is a Turkish businessman and former politician, and the son-in-law of Turkish president Recep Tayyip Erdoğan. He is a former CEO of Çalık Holding. He was a member of parliament from Istanbul in the 25th, 26th and 27th legislative sessions. He served as Minister of Energy and Natural Resources in the 64th and 65th government of Turkey and was the Minister of Finance and Treasury in the 66th government until his unexpected resignation on 8 November 2020 citing health reasons. His resignation was officially accepted on 9 November and he was succeeded by Lütfi Elvan on 10 November. In 2004, he married the daughter of Turkish president Erdoğan. Albayrak has been accused of involvement in oil production and smuggling in the Islamic State. Early life Berat Albayrak was born on 21 February 1978, the son of Sadık Albayrak, a journalist and politician, and Kıymet Albayrak. Albayrak is a graduate of Özel Fatih Koleji (High School) in ...
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Turkey
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with a East Thrace, small portion on the Balkans, Balkan Peninsula in Southeast Europe. It shares borders with the Black Sea to the north; Georgia (country), Georgia to the northeast; Armenia, Azerbaijan, and Iran to the east; Iraq to the southeast; Syria and the Mediterranean Sea to the south; the Aegean Sea to the west; and Greece and Bulgaria to the northwest. Cyprus is located off the south coast. Turkish people, Turks form the vast majority of the nation's population and Kurds are the largest minority. Ankara is Turkey's capital, while Istanbul is its list of largest cities and towns in Turkey, largest city and financial centre. One of the world's earliest permanently Settler, settled regions, present-day Turkey was home to important Neol ...
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Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ...
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Iraqi Kurdistan
Iraqi Kurdistan or Southern Kurdistan ( ku, باشووری کوردستان, Başûrê Kurdistanê) refers to the Kurdish-populated part of northern Iraq. It is considered one of the four parts of "Kurdistan" in Western Asia, which also includes parts of southeastern Turkey (Northern Kurdistan), northern Syria (Western Kurdistan), and northwestern Iran (Eastern Kurdistan). Much of the geographical and cultural region of Iraqi Kurdistan is part of the Kurdistan Region (KRI), an autonomous region recognized by the Constitution of Iraq. As with the rest of Kurdistan, and unlike most of the rest of Iraq, the region is inland and mountainous. Etymology The exact origins of the name ''Kurd'' are unclear. The suffix ''-stan'' is an Iranian term for region. The literal translation for Kurdistan is "Region of Kurds". The name was also formerly spelled ''Curdistan''. One of the ancient names of Kurdistan is '' Corduene''.A.D. Lee, ''The Role of Hostages in Roman Diplomacy with Sa ...
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Islamic State Of Iraq And The Levant
An Islamic state is a State (polity), state that has a form of government based on sharia, Islamic law (sharia). As a term, it has been used to describe various historical Polity, polities and theories of governance in the Islamic world. As a translation of the Arabic term ''dawlah islāmiyyah'' ( ar, دولة إسلامية) it refers to a modern notion associated with political Islam (Islamism). Notable examples of historical Islamic states include the State of Medina, established by the Islamic prophet Muhammad, and the Arab Caliphate which continued under his successors and the Umayyad Caliphate, Umayyads. The concept of the modern Islamic state has been articulated and promoted by ideologues such as Rashid Rida, Sayyid Rashid Rida, Mullah Omar, Mohammed Omar, Abul A'la Maududi, Ayatollah Ruhollah Khomeini, Israr Ahmed, Sayyid Qutb and Hassan al-Banna. Implementation of Islamic law plays an important role in modern theories of the Islamic state, as it did in classical Islami ...
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Recep Tayyip Erdoğan
Recep Tayyip Erdoğan (born 26 February 1954) is a Turkish politician serving as the List of presidents of Turkey, 12th and current president of Turkey since 2014. He previously served as prime minister of Turkey from 2003 to 2014 and as List of mayors of Istanbul, mayor of Istanbul from 1994 to 1998. He founded the Justice and Development Party (Turkey), Justice and Development Party (AKP) in 2001, leading it to election victories in 2002 Turkish general election, 2002, 2007 Turkish general election, 2007, and 2011 Turkish general election, 2011 general elections before being required to stand down upon his 2014 Turkish presidential election, election as president in 2014. He later returned to the AKP leadership in 2017 following the 2017 Turkish constitutional referendum, constitutional referendum that year. Coming from an Islamism, Islamist political background and self-describing as a Conservative democracy, conservative democrat, he has promoted Social conservatism, socia ...
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Oil And Gas Companies Of Turkey
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek (''elaio ...
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Energy Companies Established In 2011
In physics, energy (from Ancient Greek: wikt:ἐνέργεια#Ancient_Greek, ἐνέργεια, ''enérgeia'', “activity”) is the physical quantity, quantitative physical property, property that is #Energy transfer, transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and light. Energy is a Conservation law, conserved quantity—the law of conservation of energy states that energy can be Energy transformation, converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a Classical field theory, field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiat ...
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