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Sabancı University Commencement Ceremony

Sabancı University Board of Trustees Chair Güler Sabancı spoke at the Sabancı University Commencement Ceremony:

• “Ideas are the rarest, therefore the most valuable, resources of the 21st century”

• “The only thing we are certain about the future is that it will be different”

• “Universal values should be the star that guides you”

• “Understanding and embracing the strengths of youths, respecting their freedom and individual wishes, ensuring that they know you are there to help them succeed will be the best commencement gift you can give”


Sabancı University Board of Trustees Chair Güler Sabancı spoke at the commencement ceremony for the 15th graduate and 12th undergraduate classes on Saturday, June 21st, 2014.

Güler Sabancı said:

“Ideas are the rarest, therefore the most valuable, resources of the 21st century.  You too can achieve great success without needing anyone’s help.  Like Mustafa Kemal Atatürk said, the strength you need is in your hands.”

“Understanding and embracing the strengths of youths, respecting their freedom and individual wishes, ensuring that they know you are there to help them succeed will be the best commencement gift you can give”

“Remember: the only thing we are certain about the future is that it will be different.  Therefore one must be open to change, and this is a sign of self-confidence and self-respect.  Be bold in defending and seeing through the change that you believe to be right.  Churchill said, “To improve is to change; to be perfect is to change often.”  But also keep in mind that you can’t change everything whenever you want.”

“You may sometimes be left with difficult choices.  In this case, universal values should be the star that guides you.  You should navigate by human rights, equality, rule of law, science and knowledge.”

Güler Sabancı also gave life advice to new graduates.

At the Commencement Ceremony on the Sabancı University Campus, 49 doctorate, 178 master’s and 566 undergraduate students received their diplomas.  Students from 24 countries graduated from Sabancı University this year.


The 15th graduate and 12th undergraduate classes of Sabancı University received their diplomas at the commencement ceremony held on Saturday, June 24th. The ceremony was held on campus in Tuzla with more than five thousand guests. The top-ranking students of the three faculties received their awards during the ceremony. Valedictorians were Yasin Razlık in the Faculty of Engineering and Natural Sciences, Reyhan Ayas in the Faculty of Arts and Social Sciences, and Pelin Seyrekoğlu in the School of Management.

Speakers at the ceremony were Sabancı University Board of Trustees Chair Güler Sabancı, President Professor Nihat Berker and Political Science Master’s Program graduate Gürbüz Doğan on behalf of graduate students, Manufacturing Systems Engineering graduate Ege Yağız on behalf of undergraduate students, and Emir Cevheri, president of the Sabancı University Alumni Association and 2007 graduate of the Mechatronic Engineering Program.

We became a university that made a difference in higher education in Turkey

Sabancı University Board of Trustees Chair Güler Sabancı said that when they had set off to found a global university twenty years ago, they had dreamt of a university that was new and different, choosing to create a new and unique model that was not a reiteration of existing university models.  Güler Sabancı continued: “We became a university that embraced uniqueness and change, respected academic freedoms, adopted an interdisciplinary approach, believed in the importance of creating and developing together; a university that made a difference in higher education in Turkey.”

Praise from Güler Sabancı to the scientific and artistic achievements of the university and its graduates

Güler Sabancı said that seeing the achievements of Sabancı University reaffirmed her confidence that they were on the right path, and commented on scientific breakthroughs, including the 3D aorta tissue printing studies with Sabancı University students, and the Turkish leadership of the European Flagship Projects, namely the Human Brain Project and the Graphene Project.

Scientific advances were not the only praiseworthy aspect of Sabancı University according to Güler Sabancı, who mentioned that the recognition of some Sabancı visual arts graduates transcended borders, leading to their admittance to New York’s Museum of Modern Art (MoMA).

Güler Sabancı also mentioned National Science Foundation career awards won by Sabancı University graduates pursuing academic careers in the United States.

“You too will attain success in your professional or academic careers to trigger change and make a difference.”

Güler Sabancı spoke on Sabancı University graduates working worldwide, saying: “You too will attain success in your professional or academic careers to trigger change and make a difference.  You are well-learned in a variety of subjects.  The philosophy of our university equipped you with the ability to think freely, avoid preconceptions, be open to differing thoughts and opinions, embrace diversity, and value the strength of knowledge.  You have been raised within the extraordinary change occurring throughout the world.”

“Ideas are the rarest, therefore the most valuable, resources of the 21st century”

During her speech, Güler Sabancı gave the example of Facebook founder Mark Zuckerberg, saying, “The story of Zuckerberg with Facebook is the story of a young man with no capital becoming a billionaire worldwide.  The only thing that Zuckerberg had was an idea.  Ideas are the rarest, therefore the most valuable, resources of the 21st century.  You too can achieve great success without needing anyone’s help.  Like Mustafa Kemal Atatürk said, the strength you need is in your hands.”

Güler Sabancı continued, “Remember: the only thing we are certain about the future is that it will be different.  Therefore one must be open to change, and this is a sign of self-confidence and self-respect.  Be bold in defending and seeing through the change that you believe to be right.  Churchill said, ‘To improve is to change; to be perfect is to change often.’  But also keep in mind that you can’t change everything whenever you want.”

Life lessons from Güler Sabancı:

• Have COURAGE to change what you can.

• Have PATIENCE for what you cannot.

• And have WISDOM and KNOWLEDGE to discern between the two.

• A new era begins in your life; it’s okay to have dreams as well as concerns.

• Make an effort to know yourself well.

• Have confidence in yourself and what you have learned, but never give up questioning and learning.

• Make one form of sports and/or art a permanent part of your life.

“Universal values should be the star that guides you”

Success may await you as well as disappointment.  You may hesitate.  You may sometimes be left with difficult choices.

In this case, universal values should be the star that guides you.

You should navigate by:

• Human rights,

• Equality,

• Rule of law, and

• Science and knowledge.

The best commencement present

Addressing parents, Güler Sabancı said, “Understanding and embracing the strengths of youths, respecting their freedom and individual wishes, ensuring that they know you are there to help them succeed will be the best commencement gift you can give.”

Güler Sabancı concluded by expressing her confidence that the graduates were taking the first step towards a future, where they can be successful all over the world.


President Professor A.  Nihat Berker underlined the importance of free and informed choices

Also speaking at the ceremony, Sabancı University President Professor A. Nihat Berker said that Sabancı University made every effort to pass on the most advanced knowledge and skill in arts and social sciences, management, and engineering and natural sciences.  Discussing their objective to equip students with the curiosity, desire and self-confidence to learn new skills and knowledge beyond their field, Professor Berker said, “The way to overcome challenges and difficulties in life is not to hoard all skills and information you learn.  You will need desire, self-confidence and curiosity.  You will be the happiest and most helpful to the people you know when you take the path of free and informed choices.”

Professor A. Nihat Berker continued, “As you know, you set on this path when you made a free and informed choice of your diploma program after you joined the University.  It went on when we encouraged you to do research and tackle real-life issues.  You gained international experience.  In an environment that is sensitive to students and individuals, you gained sensibilities towards the society and the underprivileged.  Our Civic Involvement Projects, a graduation requirement, attracted 1500 volunteers instead of the required 750.”

“We receive the most European projects in research”

Berker noted that Sabancı University received the highest number of European projects in student-involved research efforts, explaining: “According to the index published by the Ministry of Science, Industry and Technology, we have been Turkey’s most entrepreneurial and innovative university for two years.”  Berker said that the entrepreneurial and innovative spirit was more worthwhile when shared, which was why Sabancı University was collaborative and open to assistance among other universities.

With regard to being global, Berker said that Sabancı University attracted the highest number of European exchange students per own students, while also sending the highest number of students to exchange programs in Europe.  Nihat Berker continued, “First year students that have the highest GPA in their respective courses are sent to MIT in their second years for taking 20 hours of courses.  MIT does the same to us.  We are in a similar arrangement with Berlin University.  A quarter of our alumni work or study abroad.  You are prepared for the entire world.”

President Berker discussed the achievements of Sabancı University members

President Berker said that the list of individual or group achievements was inexhaustible because the students, faculty and employees of Sabancı University won a significant award every two weeks in average, expressing his confidence that this would continue to improve in the future.

Berker said that Sabancı University students ranked high in entrepreneurship competitions in Singapore and the United States, as well as sailing cups in France, continuing “The influence of Sabancı University alumni is increasing exponentially in the workplace, the cultural scene and academia.  While we are in China, we hear about their success in California.  This does not mean that we are complacent with what we have achieved.  We constantly challenge ourselves to do better, and are quick to implement solutions.  Our students deserve the best care from us.  And this is our main objective.”

“You deserve anything and you can do anything as long as remain true to the substance of your work and the truth.”

President Professor A. Nihat Berker said, “To end my words I would like to thank you personally.  The brain exercise we do thanks to you, and the excitement you pass on to us, our energy is replenished and we remain young.  I said before that as you set sail towards your dreams, opportunities, freedom and initiative of the future, we will keep a watchful eye over you.  Our friendship and cooperation will continue.  A university is measured by its alumni and we are proud of ours.  A final word of advice: You deserve anything and you can do anything as long as remain true to the substance of your work and the truth.  That is when mines don’t collapse and lives are not wasted.

Rektör Berker concluded, “Like a close colleague of mine says, don’t run from work.  Let work run from you.  Enjoy succeeding and helping others succeed; be happy and make others happy.”

Gürsel Sönmez Awards given

Endowed in the memory of the late Gürsel Sönmez, a Sabancı University faculty member who passed away in 2006, the Dr. Gürsel Sönmez Research Awards were presented at the commencement ceremony.  Winners were Nurşen Aydın from the Doctorate Program in Industrial Engineering; Sinem Şaşmaz Muş from the Doctorate Program in Physics; Süleyman Kardaş from the Doctorate Program in Computer Science and Engineering; Rüştü Umut Tok from the Doctorate Program in Mechatronic Engineering, and Alperen Acemoğlu from the Undergraduate Program in Mechatronic Engineering.

The hat-toss was followed by a dance show and live music by Ayhan Sicimoğlu.  Sabancı University Board of Trustees Chair Güler Sabancı joined the dance to share the excitement of graduation with the students. 

Our scientific research was featured on BBC World!

Faculty of Engineering and Natural Sciences members Bahattin Koç and Selmiye Alkan Gürsel spoke about their projects to BBC World’s “Horizons”.

cilick to watch

About “Horizons”:

 ‘Horizons’ is a semi-documentary scientific program broadcast on BBC World.  Followed throughout the world, the series critically reviews the cutting-edge science and emerging technologies that could radically shape our future, disrupt the status quo, and alter the way people live and work in the decades ahead.

The interview with Manufacturing Systems Engineering Professor Bahattin Koç on 3D Printing of the aorta tissue was broadcast on Saturday, June 14 and Sunday, June 15. 

The interview with Material Science and Engineering Professor Selmiye Alkan Gürsel on the Graphene Project will be featured on Horizons in the coming weeks.  We will announce the schedule once we have more information.

Achievement of Merve Ergez

School of Management Congratulates Sabancı MBA-MIT Sloan MSMS Graduate Merve Ergez on her MIT Sloan Outstanding Thesis Award  

Merve Ergez received her BSc in Manufacturing Systems Engineering and MBA from Sabancı University. She continued her studies at MIT Sloan School of Management M.sc. in Management Studies as a dual degree student through the strategic partnership of Sabancı School of Management and MIT.  Merve worked with Prof. John R. Hauser from MIT in Marketing who is the founder of Applied Marketing Science. Professor Hauser’s main research interests are in new product development, marketing management, statistical ve research methodology. 


Merve’s thesis was on Sensory Marketing and she worked with New York based personal care product company Olivita Artisan. She applied Zaltman Metaphor Elicitation Technique - a licenced Market Research technique-through modifications that collect responses about senses in order to find the odors compatible with the brand identity of OLIVITA Artisan and set an exemplary application for companies who are interested in expanding their product range. 

Merve has been awarded MIT Sloan Outstanding Thesis Award on her thesis “Strategic Scent Selection: An Application of Zaltman Metaphor Elicitation Technique”. 

We congratulate our Merve on her success. 

Condolences / Ziya Boyacıgiller

Mr. Ziya Boyacıgiller, our Practice Faculty Member in the School of Management and Mrs. Nakiye Boyacıgiller’s spouse, has passed away on Thursday, June 19th, 2014 in U.S.A. We would like to convey our sincere condolences to his family, friends, all Sabancı University members and the entrepreneurship community.  

The funeral will take place on Monday, 30 June 2014, in Kilyos Cemetery after the midday prayer Bebek Camii.

Best Regeards,

Human resources

gazeteSU summer schedule

gazeteSU will continue to be issued via email every Tuesday and Thursday at the same hour with current content between July 30th and September 19th.

Your opinions on gazeteSU are welcome! Please write to gazetesu@sabanciuniv.edu


Summer Semester Dorm Payment and Accommodations

Summer Semester Dorm Payment and Accommodation

Housing placement results for the summer semester have been announced on 20.06.2014, and you can log on to bannerweb.sabanciuniv.edu and use the 'Dormitory Application Results' application under Student&Financial Aid-Housing menus to find out your hall and room numbers.

Housing fees for the summer semester will be paid between 20.06.2014 and 24.06.2014 to the Akbank Sabancı University branch, account  (713) - 48754. (IBAN no: TR07 0004 6007 1388 8000 0487 54) (Please ensure that your name and student number are recorded on the deposit slip)

Having made their payments;

Foundational Development Year students may apply to the dormitory managers with their payment slips starting on 24.06.2014to enter their rooms.

Undergraduate and graduate students starting on 29.06.2014.

Since rooms will be in preparation for the summer semester, students will not be allowed to enter rooms prior to above dates.

We would like to remind you once again of the housing fees according to the programme you will be enrolled in for the summer semester:


2013 - 2014 SUMMER SEMESTER HOUSING FEES

For students attending the Summer Semester Courses (7 weeks) and the Foundational Development Year Summer School (7 weeks):

  • 4 person room 700 TL/per person/per semester/VAT Included
  • 2 person room 1.100 TL/per person/per semester/VAT Included
  • 1 person room 1.500 TL/per person/per semester/VAT Included

Undergraduate - Graduate students which stay at dormitory for that compulsory internship, assistantship, project: (In case of housing for 15 days or less in a month, the housing fee will be reduced by half. In case of housing for more than 15 days, the full rate will apply)

  • 4 person room 300 TL/per person/per month/VAT Included
  • 2 person room 400 TL/per person/per month/VAT Included
  • 1 person room 500 TL/per person/per month/VAT Included

June 2014 ELAE Results

17th  June 2014 ELAE result code explanations are as follows:

 

SL (Satisfactory in the ELAE): indicates students who have received the required grade or above in the June 17th ELAE and who have gained the right to start their faculty studies as Summer (irregular) Freshman in the 2013-2014 Summer Semester.

 

UL (Unsatisfactory in the ELAE): indicates students who have not been able to obtain the required grade in the ELAE.

 

NA (Non-attendance): indicates students who did not attend the exam and is equivalent to a “UL” grade.

 

Grade bands are as below:

 

SL grade bands
UL grade bands

 

         A-SL:85-100 
         B-SL:75-84 
         C-SL:65-74

 

 

         D-UL:55-64 
         E-UL:45-54 
         F-UL: 0-44

  

Please see the link for your ELAE results.

We wish you success in your studies,

The School of Languages Directorate

Summer School LAST Registration Payments (26 June - 27 June 2014)

Dear Students,

Last registration fees should be paid during payment dates so course registrations (between 26 June - 27 June 2014) would be valid.

  • Fee payments for last registration (between 26 June - 27 June 2014);
  •  
    • Last registration payments, should be done via 0815 company coded Subscriber Collection System (ATS system 0815) from any Akbank branch in cash or in two installment, not to your Personal Credit Account.
    • Cash payment or first installment should be paid during payment dates (between 26 June - 27 June 2014) specified in the academic calender at the latest. Second installment should be paid 31 July 2014 at the latest.
    • Payments should be done in specified amounts and dates. There is no late/with interest/installment  payment.
    • Students who paid first installment on the given dates should pay second installment until 31 July 2014. Payments after due date would be late/with interest. Default interest rate of monthly %2,80 based on TL will be charged daily including the holidays.
    • If students do not make cash payment or first installment during payment dates, they will be assumed as they cancel their summer term registration.
    • It is not allowed to make EFT to ATS-0815 in cash payment. But if you have a deposit account, you can tarnsfer the fee and request from the baranch to transfer the amount to ATS-0815. Or if you have a deposit account and Personal Internet Branch code, you can make  your payment from Internet. For this, you should enter your Akbank Personal Internet Branch code then choose "Fatura ve Diger Odemeler" / "Universite Odemeleri" from the menu at the left side. After choosing your account and Sabanci University enter your School ID and press "Devam" button. So you can view your debits. Payments can be done only at weekdays between 09:00-17:00 from the Internet.
  • You can view the link below for the payment table. 

    Fees

Wish you sucess in the new term,

Student Resources Unit

Share the SU Commencement 2014 excitement!

The Sabancı University Commencement Ceremony will take place on Saturday, June 21th, 2014. The countdown has begun for the commencement class. Would you like to share your wishes with the commencement class and give them support during this important phase of their lives?

You can send your messages to gazetesu@sabanciuniv.edu and we will posting them on the gazeteSU / sumezuniyet2014 page.

You can share your comments through social media channels with #sumezuniyet2014 tag





Period of cheap energy ended in the world...

The IICEC International Energy Forum gathered the world’s energy giants together, the International Energy AgencyChief Economist Dr. Fatih Birol said:

“Period of cheap energy ended in the world, the power of governments increasing in the industry”

The 5th IICEC International Energy Forum organized by Sabancı University Istanbul International Center for Energy and Climate (IICEC) gathered the top representatives of the energy giants in the worldof  in Istanbul.


In His Excellency’s  messageto the conference, the President Abdullah Gül said, “It is expected that the energy demand of Turkey will double by  2023. The multi-dimensional energy strategy of Turkey foresees the diversification of the energy resources and routes, supporting the local, renewable and nuclear energy resources, and the energy efficiency should also be significantly considered.”

The Energy and Natural Resources Minister Taner Yıldız made a speech during the opening of the conference and said that in 2013, over 7.000 MW installed capacity has been activated and that this figure is equal to the total installed capacity of 13 countries. Minister Yıldız added, “We are supporting the growth of the private industry in Turkey. While the share of the private industry was 32 percent 12 years ago, now the share of the public regressed to this level.” 

Hosting the conference, Sabancı Holding Chairman and Sabancı University Board of Trustees Chairman Güler Sabancı said in her welcoming remarks, “The stable and reliable atmosphere that turned into reality in the last decade by means of the positive efforts and policies in the energy industry has enabled important international and national companies to make serious investments to the energy industry in Turkey. As the actors of the energy industry, we should be moderately sensitive. Particularly activation of the necessary regulations by the regulatory entities and decision-maker authorities without any delay has a vital importance for keeping the global environment of confidence being formed.”

IICEC Steering Board Honorary Chairman and International Energy Agency Chief Economist Dr. Fatih Birol emphasized in his speech that the period of cheap energy has ended in the world and added, “The cost of generating one unit of energy doubled in the last 10 years. The workload of the investors is getting harder due to the reasons such as the geopolitical developments, compliance to the climate changes and the impact of the public opinion and so the role of the governments in the energy industry is increasing.”

Istanbul, June 13th, 2014 - Traditionally organized by Sabancı University Istanbul International Center for Energy and Climate (IICEC), the 5th  IICEC International Energy Forum held at Conrad Hotel Istanbul under the hosting of Sabancı University Board of Trustees Chairman Güler Sabancı and IICEC Steering Board Honorary Chairman Dr. Fatih Birol.

Message of the President Gül: “Attention to the actors to have impact on the global balances”

Sending a message to the forum held this year under the ‘Global Energy Investments: Challenges and Opportunities’, the President Abdullah Gül underlined the new actors to have impact on the global balances of the energy: 

“It is expected that the energy demand of Turkey will double by 2023. The multi-dimensional energy strategy of Turkey, getting prepared through acting from this reality, foresees the diversification of the energy resources and routes, supporting the local, renewable and nuclear energy resources, and also increasing the energy efficiency. The progress of the Middle East, Russia, Caucasia, Middle Asia and OPEC centered energy generation, the rising of the actors that have the potential to have impact on the global energy balances such as Iraq, how the ‘shale gas’ extraction technology will develop and expand in terms of the assumptions on the presence of giant reserves in Latin America, Mexico, China and Australia, etc… factors must be evaluated together with these developments for the purpose of wholistic  energy security discussion.”

Minister Yıldız: “There is no concern in Turkey related to the energy demand security!”

The Energy and Natural Resources Minister Taner Yıldız stated in his speech that Turkey shows a serious performance for 12 years against the minus growth of Europe and added, “There is no concern in our country related to the energy demand security. In 2013, over 7.000 MW installed capacity has been activated and that this figure is equal to the total installed capacity of 13 countries. 

Minister Yıldız added, “We are supporting the growth of the private industry in Turkey. While the share of the private industry was 32 percent 12 years ago, now the share of the public regressed to this level.” Minister Yıldız also said that the energy road map of Turkey is continued to be applied in the same manner. 

Emphasizing that they follow up the developments in the region of Turkey as the government, Minister Yıldız also underlined  that the advantages resulting from the geography must be followed well.

Güler Sabancı: “IICEC will continue to be the  ‘Polar Star ’ for the energy sector with her growing impact  and  intellectual leadership”


Sabancı Holding Chairman and Sabancı University Board of Trustees Chairman Güler Sabancı Güler Sabancı emphasized that the role of Turkey increased in the regional and global energy and Istanbul is located at the point where the global energy connects  and expressed that IICEC provides a selective platform where  national and international decision-makers can have interactive opinion exchange. 

Sabancı added, “When we decided to establish IICEC five years ago, we dreamed of a globally recognized center that will contribute in the strategies related to the energy and climate for a better future in terms of regional and global energy. Our motivation to implement this idea in Istanbul was basing on moderately concrete reasons. This top level Government, Industry and Academy Forum that is turned into reality by IICEC is a unique event for the energy industry in Turkey and throughout the region. I’m sure that with the growing impact  and intellectual leadership of IICEC, her  ‘polar  star’ role will continuously improve.”

Recording that the energy demand of Turkey continues to increase as having one of the highest growing speeds of the world, Sabancı continued her words: “In order to meet the increase in the demand in a reliable and effective manner, Turkish energy industry requires on-time and sufficient investments in all of her  segments. The stable and reliable atmosphere that turned into reality in the last decade by means of the positive efforts and policies in the energy industry has enabled important international and national companies to make serious investments in this field. As the actors of the energy industry, we should be moderately sensitive. Particularly activation of the necessary regulations by the regulatory entities and decision-makers  without any delay has a vital importance for keeping the global environment of confidence for Turkey .”

Sabancı: “IICEC tries to reduce the current deficit concerning the energy import bill ”

Sabancı announced that IICEC works on an important Policy Paper  for reducing the current deficit concerning the energy import bill .

Expressing that the recent developments in Russia and Ukraine have once again reminded us the significance of energy security, Güler Sabancı said, “The recent developments showed how Turkey can have additional contribution in the regional and global energy security and confirmed the importance of Turkey once again in terms of her  neighbours, global strategic allies and partners.”

Dr. Fatih Birol: “In 2013, the global energy investment reached to 1,6 trillion dollars”.

IICEC Steering Board Honorary Chairman and International Energy Agency Chief  Economist Dr. Fatih Birol stated that the cost of generating one unit of energy doubled in the last 10 years and said, “The period of cheap energy ended in the world not only for oil, but also for the other energy resources.”

Recording that the investments are being made for the shale  gas in the USA and renewable energy resources in Europe for the purpose of meeting the increasing demand in Asia, Dr. Birol emphasized that the efforts of the investors are getting harder due to its impact on the geopolitical developments, the compliance to the climate change and public investment opinion. 

He said that the global energy investments increased seriously in the last 10 years, but the investments during the period of 2011-2013 continued in the same line. Associating the reason of this with the slowdown in the energy investments in China and drop in the renewable energy investments, Dr. Birol stated that the total amount of the global energy investment in 2013 was 1,6 trillion dollars.

Mentioning that 60 percent of the investments throughout the world is realized in the renewable energy field, Dr. Birol underlined the necessity to make 40,2 trillion dollars of investment in the following 20 years. Dr. Birol said, “40 percent of this will be realized for meeting the increasing demand and the remaining will be used for renewing the expired facilities.”

Emphasizing that the energy efficiency is a new field, Dr. Birol said that annually 130 billion dollars of investment is being made in the world for this field. 

Dr. Birol: “The role of the governments in the energy industry is increasing”

Stating that the role of the governments in the energy market is increasing, Dr. Birol continued his words: “Half of the energy plants and 80 percent of the oil and natural gas resources are owned by the state. Now, not only the private sector  parameters, but the other factors started to orient the energy investments. The investment decisions are taken by the governments and they will have greater roles in the future for the energy markets. 10 years ago, 30 percent of the investment decisions in the world were taken by the competitive markets, now this rate has regressed to 10 percent. This case reveals a scheme  moderately different from the one that we wanted to see 20 years ago.”  

Saying that Europe has to reserve resources amounting to more than 2 trillion dollars for the renewable energy, Dr. Fatih Birol emphasized that this is the second greatest investment amount after China. Taking the attention to the power cuts in Europe, Dr. Birol said, “Europe must restructure the electric industry.”

Top representatives of the global energy industry met at IICEC 5th International Energy Forum in Istanbul

In addition to the latest political developments, the future of the oil, natural gas and electric investments in Europe, Turkey and Middle East has been discussed at 5th IICEC International Energy Forum where the stakeholders of the governments and energy industry met in Istanbul. The impacts of the political situation in Iraq, Saudi Arabia and Iran on the oil and natural gas investments as well as global balances have been also discussed. 

The developments in the Middle East and their reflections on the global energy markets were among the prioritized topics  being discussed by the energy stakeholders. Furthermore, the recent great development of the ‘Renewable Energy’ investments and the impact of this case on the future energy investments found wide place in the agenda of the stakeholders.

At the 5th International Energy Forum where the energy stakeholders from many countries attended, besides Minister of Environment, Republic of Poland Maciej H. Grabowski, Special Advisor of Prime Minister of Japan Eiichi Hasegawa, Energy Counselort of the Secretaery Melanie Kenderdine, Siemens AG CEO Joe Kaeser, GDF SUEZ CEO Gérard Mestrallet, E.ON SE CEO Dr. Johannes Teyssen, , BP Vice Chairman Dev Sanyal, Shell Vice Chairman Brian Davis and International Energy Agency (IEA) Chief  Economist Dr. Fatih Birol and the representatives of the leading universities’  and think tanks were present.

About Sabancı University Istanbul International Center for Energy and Climate (IICEC):

Defined as the “Polar Star” where global energy connects, guiding the energy policies, Sabancı University Istanbul International Center for Energy and Climate (IICEC) is a future-oriented independent research and policy center designed to conduct objective, high-quality economic and policy studies in energy and climate. 

Working with governments, partners from industry, international organizations, think-tanks and other research bodies, establishing a distinguished network of cooperation with other universities in the region and in the world; IICEC aims to inform policy makers, industry, academics and opinion leaders on key energy challenges and provide them with objective and genuine analysis. The Center, at Sabancı University Karaköy Minerva Palace in Istanbul, is located at the crossroads of almost all current and emerging energy players, both on the producing and consuming sides of global energy markets. Utilizing this strategic position, IICEC will serve to fill the need for an international approach with international resources to the future of energy and climate topics, as a globally recognized networking center.

IICEC is Co-chaired by EnerjiSA and Alstom, IICEC is supported by Akenerji, Ciner, Eren Holding, GE, Genel Energy, Siemens, Shell and Zorlu Energy Group

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