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BUSINESS Friday, August 18, 2017

Russian, Azeri energy giants plan joint investment in Turkish fuel market Investing in Turkey for almost 10 years, Russian energy giant Lukoil and Azerbaijan's state company SOCAR are planning to accomplish a joint investment project to expand their operations in Turkey's fuel market more

Istanbul Turkey’s first floating solar power plant built in Istanbul The Floating Solar Power Plant, the first of its kind in Turkey, officially went into operation in Istanbul's Lake Büyükçekmece on Friday. The project was undertaken by... More
Energy Nigeria signs deals with Shell, Chevron in bid to boost oil reserves, output Nigeria has signed financing deals with oil majors Shell and Chevron to develop projects that would boost reserves and revenue, the state-run oil firm said Thursday. "Two... More
Energy Turkish-German consortium wins YEKA contract Led by continuous efforts of Energy and Natural Resources Minister Berat Albayrak, Turkey has taken an important step towards increasing the share of domestic and renewable energy resources with the latest wind power plant tender, which Turkish, German partners won, proving the long-standing economic partnership between the two countries More
Energy Contract for wind power plant to be awarded today As part of the energy road map announced by Energy and Natural Resources Minister Berat Albayrak, who said, "[The ministry] will make Turkey a production hub for renewable... More
Energy Billions down the drain as new nuclear plants scrapped Billions of dollars spent on two new nuclear reactors in South Carolina went up in smoke when the owners nixed plans to finish them after years of cost overruns, dealing a severe blow to the industry's future More
Energy Global energy giant BP returns to profit in Q2 BP returned to profit in the second quarter on slashed charges linked to the Gulf of Mexico oil spill disaster and on firmer crude prices, the company said yesterday. Net... More
Energy Turkish electricity imports down by 51 pct in 2017 Turkey imported less electricity during the first half of 2017 when compared to last year, with imports dropping by 51 to save the country some $43 million. A recent emphasis... More
Energy Shell shutters Europe's largest refinery after fire The British-Dutch oil giant Shell said it was temporarily shutting down Europe's biggest refinery after a pre-dawn fire broke out at a power station on the vast site on Sunday.... More
Energy Contract for wind power plants to be awarded Thursday The announcement posted on the Directorate-General of Renewable Energy website says that the bids submitted for the wind power YEKA plants last week by eight consortiums have... More
Energy Shell preparing for world economy that shifts away from oil Amid increased focus on the future of the industry after the Paris climate agreement, Shell plans to remain competitive in a world that gets more of its energy from renewable sources, its CEO said More
Energy Negotiations done, Turkey set to deploy first drilling vessel soon Trying to empower its energy supply security by diversifying resources, Turkey is launching major energy projects to become an important energy player in the region, and after receiving bids for a wind power plant tender, the government now focuses on the deployment of a drilling vessel for which negotiations are completed, Energy Minister Albayrak announced More

Energy Local firm to install wind power plants in Ukraine, Kosovo Güriş Holding, one of Turkey's leading renewable energy-based electricity producers, continues to make new investments. The company is installing a 32-megawatt (MW) wind power... More
Energy Turkish, Russian, Iranian companies ink $7B energy deal Turkish energy firm Unit International A.Ş. has signed a $7 billion agreement with Russia's state-owned Zarubezhnet and Iran's Ghadir Investment Holding to drill for oil and... More
Energy New-generation thermal power plants to maximize efficiency, minimize environmental impact Energy and Natural Resources Minister Berat Albayrak stated that the ministry would complete all the filtering systems of the old-generation power plants by 2019 based on... More
Energy First domestic solar panel facility to be established in Ankara Kalyon Holding Energy Group President Murtaza Ata announced that Turkey's first integrated solar panel production plant within the scope of Karapınar Renewable Energy Resource... More
Energy Turkey to expand capacity to meet energy needs with 3 nuclear power plants in action Striving to diversify energy supply channels as much as possible, Turkey plans to build three nuclear power plants between 2023 and 2030, which are expected to provide 10 percent of domestic electricity consumption, Energy Minister Albayrak said More
Energy Greener, cheaper: YEKA to deliver cost-effective energy with less imports The price of $3.48 per kilowatt-hour determined by the Turkish-German consortium of Siemens Gamesa, Türkerler and Kalyon for the Wind Energy Renewable Energy Resource Areas... More
Energy OPEC oil output still on rise despite deal to reduce production Production of crude oil across all Organization of the Petroleum Exporting Countries (OPEC) countries rose again in July, to above the estimated level of global demand, the... More
Energy Billions lost in nuclear projects, more bills due A decade ago, utilities were persuading politicians around the country to let them spend big to go nuclear. Expanding nuclear energy capacity was a sure bet, they said: Natural... More
Energy Latest YEKA tender offers best global feed-in-tariff for wind power Last week's tender for the Wind Energy Renewable Energy Resource Area (YEKA) project highlights many important aspects of Turkey's domestic and renewable energy strategy.... More
Energy EBRD to provide $500M for TANAP On Oct. 18, the board of the European Bank for Reconstruction and Development (EBRD) should approve a $500 million financing package for Azerbaijan's Southern Gas Corridor... More
Energy No political ‘hiccup' from Siemens energy investment In the recent political row between Turkey and Germany, German government officials tried to spark economic tensions through the harsh statements, yet Thursday's wind power tender, for which the consortium of German giant Siemens won the contract, did not give in to the short-term political ploys and proved the durable commercial partnership between the two countries More

US cities remove Confederate monuments amid vandalization sparked by Virginia rally

17 August 2017, Thursday US cities remove Confederate monuments amid vandalization sparked by Virginia rally VIEW ALL

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