The British government also took ages to clarify how the costs of decommissioning rigs will be divided, discouraging new entrants from buying elderly fields.
Their close relationships with users create high barriers to entry, putting new entrants at a disadvantage. By contrast, UPI is forbidden to charge merchants fees.
What I hear from analysts and diplomats and people who work in mergers and acquisitions is that new entrants to Turkish market are incredibly hesitant.