By Huseyin Erdogan
ANKARA
Falling oil prices will have a positive impact on energy importer countries like Turkey since it reduces the cost of energy, a BP offical said on Friday.
"Turkey imports most of its energy resources, and energy is a key component of Turkey’s growing economy," Bud Fackrell, BP Turkey's president told Anadolu Agency.
Fackrell explained that BP's strategies are long-term and do not depend on the fluctuating prices of oil and gas.
"We never speculate on the price of oil. In the past years, we have seen both high and low prices, as prices depend on global supply and demand, and it is market-driven," Fackrell said.
Oil prices have reached a four-year low at a cost of mid-$80s per barrel because of the increasing value of the U.S. dollar, the slower growth of Asian economies, and a weak comeback of European countries from the global recession.
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