Minister Bayraktar: THY Model and Public Offering Emphasis for 5 Energy Giants

Minister of Energy and Natural Resources Bayraktar announced that they aim to transform Türkiye Petrolleri, BOTAŞ, EÜAŞ, TEİAŞ, and Eti Maden into stronger companies capable of competing on a global scale. In this context, he stated that structural reforms are planned for these state economic enterprises. Bayraktar cited the THY model as an example for the transformation of the energy giants. In response to a question about public offering, he emphasized 'national champion'. This statement points to the strategic importance of the companies and their strengthening in global competition. The five companies operate in different areas of the energy sector: Türkiye Petrolleri plays a critical role in oil and natural gas exploration and production, BOTAŞ in natural gas transmission, EÜAŞ in electricity generation, TEİAŞ in electricity transmission, and Eti Maden in boron products. The structural reforms aim to increase the efficiency of these organizations and enhance their competitiveness in the international arena. Minister Bayraktar's statements signal a roadmap for the transformation of state-owned companies in the energy sector. The THY model is considered in terms of opening public companies to capital markets through partial privatization or public offering. However, no concrete timetable or method regarding the public offering was announced; instead, the emphasis on national champion stood out. Not investment advice.