Germany and Turkey Strenghten Energy Partnership

Germany and Turkey want to strengthen their cooperation in the energy sector. Last week, German Economics Minister Philipp Rösler and his Turkish colleague Energy Minister Taner Yildiz signed an agreement in Istanbul confirming the energy partnership. It shall be put into concrete terms in a German-Turkish Energy Forum.

Turkey was becoming an increasingly important partner for the energy supply, the Federal Ministry of Economics and Technology pointed out, adding that the Turkish government saw a need for investments into the generation and distribution of energy of roughly USD 125 billion until 2025.

Already Germany is Turkey’s most important trading partner and the biggest foreign investor in Turkey. Some 2.5 million people of Turkish descent live in Germany.

Source: Federal Ministry of Economics and Technology

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