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Atlantic Council Istanbul Summit 2017

The annual Atlantic Council Summit was held on 27-28 April 2017 in Istanbul. Summit hosted senior representatives from 45 countries primarily including Recep Tayyip Erdogan, President of Turkey; Binali Yıldırım, Prime Minister of Turkey; Mehmet Şimşek, Deputy Prime Minister of Turkey; Mevlüt Çavuşoğlu, Foreign Minister of Turkey; Berat Albayrak, Energy and Natural Resources Minister of Turkey; Fatih Birol, executive director of the International Energy Agency; Stephen Hadley, executive vice president of the Atlantic Council’s board of directors and a former national security advisor to George W. Bush; Mohammed Saleh Abdulla Al Sada, minister of energy and industry for the State of Qatar; Ana Palacio, former Foreign Minister of Spain; General James, former national security advisor to Barack Obama.

At the summit, important issues of the global agenda such as economy, national security, energy, trade and refugee crisis and many developments from Syria to Africa, the Black Sea Region to Eastern Mediterranean were addressed.

The effects of recent technological developments in the world and in the West on energy policies and energy markets were emphasized. It was stated that due to its strategic position, Turkey has become a prominent country in oil, natural gas and electricity sectors. At his speech, Turkish Minister of Energy and Natural Resources Mr. Berat Albayrak expressed that Turkey's domestic resources have been increased to 50 percent, considerable steps have been taken in renewable energy investments, energy costs have been reduced and existing gas storage capacity would be increased. Albayrak also stated that Turkey would continue to work with determination to include international energy supply security in the system and stressed that it would continue to support all projects based on regional and global peace and stability on the basis of win-win co-operation.