How serious is an energy outage for businesses in Turkey? | DW News

DW News published this video item, entitled “How serious is an energy outage for businesses in Turkey? | DW News” – below is their description.

The global crunch in energy-supplies in recent weeks now has Turkey in its grips.

Ankara has ordered its biggest gas-consumers electricity-producers and large factories to scale back massively for three days. In effect, that means power-outages and stoppages on factory-floors.

Behind the decision is a supply problem in Iran the source of about 16 percent of Turkish gas. Iran stopped gas flows to Turkey for 10 days, citing a technical problem. Its own gas consumption has meanwhile jumped, due to cold temperatures.

In Turkey, local and international companies are suffering: From Turkish carmaker Tofas to Renault, which is shutting down production for two weeks. But not all companies can simply shut-off.

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In This Story: Iran

Iran, also called Persia, officially the Islamic Republic of Iran, is a country in Western Asia. Its central location in Eurasia and proximity to the Strait of Hormuz give it significant geostrategic importance. Tehran is the capital and largest city.

Iran is home to one of the world’s oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. The Iranian Revolution established the current Islamic Republic in 1979.

Iran’s political system combines elements of a presidential democracy and an Islamic theocracy. Iran is a founding member of the UN, ECO, OIC, and OPEC. It is a major regional and middle power and has large reserves of fossil fuels — including the world’s largest natural gas supply and the third largest proven oil reserves.

The country’s rich cultural legacy is reflected in part by its 22 UNESCO World Heritage Sites. Historically a multi-ethnic country, Iran remains a pluralistic society comprising numerous ethnic, linguistic, and religious groups, the largest being Persians, Azeris, Kurds, Mazandaranis and Lurs.

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In This Story: Turkey

Turkey, officially the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a smaller portion on the Balkan Peninsula in Southeastern Europe.

Istanbul, which straddles Europe and Asia, is the country’s largest city, while Ankara is the capital. The majority of the population identifies as Turkish, around 20% identify as Kurdish.

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