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Turkish government ramps up privatization

A Turkish plan to privatize major public properties has come under fire from the opposition and sparked layoff worries among workers.
A general view at Turkey's Mediterranean port of Ceyhan, which is run by state-owned Petroleum Pipeline Corporation (BOTAS), some 70 km (43.5 miles) from Adana February 19, 2014. Crude oil flow through the Kirkuk-Ceyhan pipeline linking Iraq to Turkey restarted on Wednesday at a rate of at a rate of about 300,000-350,000 barrels per day (bpd), a Turkish energy official said. The pipeline, which carries Kirkuk crude to Turkey's Mediterranean port of Ceyhan, was down for more than 10 days after coming under a
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Scrambling for funds to keep its economy rolling, Turkey’s government plans to sell off major public plants, companies, ports and highways starting next year. The plan is expected to generate record privatization revenues.

Turkey’s privatization revenues hit an all-time high in 2013, totaling $12.4 billion. In 2014, the figure currently stands at $10 billion. The $12.4 billion record will almost certainly be broken next year, for the privatization of Spor Toto and the Horse Racing Authority alone are expected to generate $10 billion, with other major entities also on the list.

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