Caspian Report - Issue 06 - Winter 2014
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not serve the interests of companies<br />
with lower market shares.<br />
Distribution companies with high<br />
market shares that are not happy<br />
with the provision to limit the duration<br />
of agreements such as utilization<br />
agreements to 5 years will not<br />
welcome the provisions such as the<br />
freedom of promotion, changing the<br />
liquid fuel definition, allowing refineries<br />
to become distributors, and<br />
abolishing the 45-percent market<br />
share restriction. Decreasing the<br />
distances, abolishing the 60,000-ton<br />
obligation, the concern about an increased<br />
number of distributors in<br />
the market, transfer of licences to<br />
local authorities rather than EMRA,<br />
and most importantly the emergence<br />
of independent dealers will be<br />
definitely come as unwelcome news<br />
for most parties. This draft may be<br />
approved in its current form, but<br />
we should remember that when it<br />
is submitted to the TBMM, some articles<br />
may be removed or amended.<br />
83<br />
CASPIAN REPORT, WINTER <strong>2014</strong>
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