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BUSINESS Thursday, September 21, 2017

BOTAŞ, Qatargas sign new medium-term LNG deal The world's biggest liquefied natural gas (LNG) producer, Qatar's Qatargas, and Turkey's Petroleum Pipeline Corporation company BOTAŞ have signed a medium-term sales and purchase... more

Energy German envoy calls for further cooperation on energy projects Speaking in Ankara at the opening of a two-day conference on "Powering the energy transition: The role of renewable energy and energy efficiency," German Ambassador Martin... More
Energy Saudi Aramco to deliver world record profit for next year's IPO Measures suggest the world's biggest oil producing company Saudi Aramco needs annual earnings of around $130 billion to achieve a $2 trillion valuation, while the Saudi crown price aims to raise cash through an IPO to finance country-wide investments and extend economic activity to other sectors More
Energy China buys 14.6 pct stake in Russian oil giant Rosneft in $9.1B deal Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening... More
Energy Turkey, Bulgaria emphasize energy partnership in natural gas, electricity Energy and Natural Resources Minister Berat Albayrak met Bulgarian Prime Minister Boyko Borisov and Energy Minister Temenuzhka Petkova in Sofia Wednesday. At the meetings,... More
Energy France to ban oil, gas production at home by 2040 France's government is unveiling a law to ban all production and exploration of oil and natural gas by 2040 on the country's mainland and overseas territories.The move is... More
Energy Ruling AK Party pledges strong support for renewable energy projects The ruling Justice and Development Party (AK Party) has vouched for the Renewable Energy Resource Areas (YEKA) projects of the Energy and Natural Resources Ministry that aim... More
Energy Petrofac to build $404 million worth gas receiving terminal in TurkStream project Jersey-based oil field services company, Petrofac has secured a €340 million contract along with Gazprom subsidiary South Stream Transport BV to build a gas receiving... More
Energy Siemens eyes more energy projects in line with 2071 vision Awarded the contract for a Wind Energy Renewable Energy Resource Area (YEKA), a 1,000 megawatt (MW) wind power plant project, with two Turkish partners Türkerler and Kalyon,... More
Energy Solar power to create 180,000 jobs in Turkey by 2023 In Turkey, which is focusing on domestic resources in the energy sector, renewable energy is expected to make a significant contribution to employment in the upcoming years.... More
Americas Largest US oil refinery closes due to Harvey The largest oil refinery in the United States, shut down operations Wednesday amid massive flooding due to Hurricane Harvey. Motiva, located in Port Arthur, Texas and owned... More
Energy Turkish-German firms to build solar power plant Against the backdrop of political tensions between Turkey and Germany, the companies of both countries continue to partner up in a very important sector like energy.Turkish... More

Energy Study: Germany to miss EU green energy goal Germany will miss a European Union renewable energy target by a wider margin than previously predicted, a study showed yesterday. The BEE renewable energy association's analysis... More
Energy Saudi Aramco could disclose accounts early 2018 Preparing for the world's largest IPO next year, oil giant Aramco is also expected to release the books for 2017 but only after the place for listing is announced by the government despite the company not disclosing the 2015 and 2016 accounts More
Energy Construction works begin at Akkuyu nuclear plant Russia's State Atomic Energy Corporation (Rosatom) started general construction works at the future site of the Akkuyu Nuclear Power Plant, head of the company Alexei Likhachev... More
Energy French energy giant Schneider to pursue investments in Turkey The executive vice president of international operations at Schneider Electric SE, Luc Remont, who was appointed to his new position in April this year, held a special meeting... More
Energy Toshiba, Zorlu agree on geothermal power plant projects Toshiba announced yesterday that it has concluded a package deal agreement for equipment supply in Turkey, namely steam turbines and generators (STG) for geothermal power... More
Energy Agreement to bolster gas transfer between Turkey, Greece and Italy A gas transfer agreement between Turkey, Greece and Italy is set to increase its capacity for natural gas movement between the three countries. The Interconnector Turkey-... More
Energy Construction of Akkuyu Nuclear Power Plant may begin in March Russia's state-owned nuclear power company has announced that the construction of Akkuyu Nuclear Power Plan (NPP) might begin in early March 2018, at the end of the first... More
Energy Multinational contract on largest Azeri oil field to help maintain regional stability Azerbaijan's multinational production sharing agreement, of which Turkish Petroleum is a party, was renewed Thursday. Calling it ‘the contract of the century,' President Erdoğan said it will continue sustaining regional stability by reinforcing the international partnership More
Energy Gazprom, BOTAŞ to create joint venture for TurkStream Russian Gazprom's board of directors will review on Sept. 21 the formation of a joint venture with Turkey's Botaş for the TurkStream natural gas pipeline project, according... More
Energy 'Turkey plays key role in new global ecosystem' Energy Minister Berat Albayrak elaborated on the recent political and economic developments in the global setting, for which Turkey is considered a key component between the transfer of shift from West to East More
Energy Eni-Total consortium fails to find exploitable gas in contentious block off Cyprus A gas field discovered off the southern coast of Cyprus that contains "less than" 0.5 trillion cubic feet of the hydrocarbon is too small to make it commercially viable on... More

Hurricane Maria destroys homes in Caribbean

20 September 2017, Wednesday Hurricane Maria destroys homes in Caribbean VIEW ALL

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