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Turkey ranks in Europe's top 10 wind energy power list Turkey ranked sixth among the European continent's 38 countries, including Russia and Ukraine, for additional installed wind capacity in 2018, WindEurope statistics showed... more

Energy 'Venezuela using Russian banks to skirt US sanctions' Venezuela's state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia's Gazprombank AO,... More
Energy Top foreign investor SOCAR to establish new major petrochemical complex in Turkey The number one foreign investor in Turkey, SOCAR, has rolled up its sleeves for another major investment in the country. With BP, it will jointly establish a new petrochemical complex worth around $1.8 billion More
Energy Turkey's second drillship to arrive in Mediterranean on Feb 20 Without slowing down, Turkey continues its energy policy in the Mediterranean and the country is counting down the days until the arrival of a second drillship that will start deep-sea well drilling soon More
Energy Turkey discovers gas in country's Thrace region The Energy and Natural Resources Ministry announced on Friday a discovery of a small amount of gas in Turkey's Thrace, located in the country's northwest region.The statement... More
Energy Merkel confirms EU deal on Nord Stream 2 pipeline European Union countries have reached an agreement on how to regulate Russia's Nord Stream 2 pipeline, Chancellor Angela Merkel said on Friday, declining to give details on... More
Energy Iran says Turkey the only European country buying oil Iran said Tuesday that all European countries, except Turkey, have stopped buying Iranian oil since the re-imposition of U.S. sanctions on the country. Speaking to ISNA... More
Energy Bulgaria to build pipeline to transport Russian gas Bulgaria successfully completed a third market test to expand the country's gas transit network from Turkey to Serbia for the TurkStream natural gas pipeline, Bulgartransgaz... More
Energy Turkey's electricity import bill down 33 percent in 2018 Turkey's electricity import bill in 2018 decreased by 33 percent compared to the previous year, according to the Turkish Statistical Institute (Turkstat).The data released... More
Energy Dublin-based Eaton Corp acquires 82 pct in local Ulusoy Elektrik Turkey's Ulusoy Elektrik has signed an agreement to transfer around 82.275 percent of its share to the Dublin-based power management company, Eaton Corporation, Ulusoy announced... More
Energy Syria war aggravates battle for energy resources in Med In the last few years hopes for the commercialization of hydrocarbon resources in the Eastern Mediterranean have dimmed as diplomatic and military tensions rise in the region along side the unending Syrian war More
Energy SOCAR acquires EWE Turkey to start gas distribution The State Oil Company of the Azerbaijan Republic (SOCAR), the largest foreign direct investor in Turkey, has acquired EWE Turkey Holding, which has been running the Turkey... More
Energy Venezuelans fear fuel shortages after US oil sanctions United States sanctions aimed at pressuring Nicolas Maduro to capitulate in his power struggle with self-proclaimed acting-president Juan Guaido have Venezuelans fearing they... More
Energy Siemens profit falls on taxes, lower turbine demand German industrial group Siemens said yesterday its net profit fell by half in the most recent quarter, to 1.12 billion euros ($1.28 billion), due to higher taxes and falling... More
Energy Gazprom to build LNG plant to supply disputed Kurils Russian state gas company Gazprom plans to build a small-scale liquefied natural gas (LNG) plant on the Pacific island of Sakhalin to supply the disputed Kuril Islands, the... More
Energy Biggest US power utility owner PG&E files for bankruptcy Power provider PG&E Corp filed for voluntary Chapter 11 bankruptcy protection Tuesday, succumbing to liabilities stemming from wildfires in Northern California in 2017 and... More
Americas US imposes sanctions on Venezuela's PDVSA The Trump administration on Monday sanctioned Venezuela's state-owned oil company, ratcheting up pressure on socialist President Nicolas Maduro to cede power to the U.S.-backed... More
Energy Valeura reports good results in Turkey's İnanlı-1 well Canadian energy company Valeura reported Monday that findings from the İnanlı-1 test well in Turkey's Thrace basin have resulted in increased confidence in the area's potential... More

Energy Valeura drills Thrace basin appraisal well in Turkey Canadian energy company Valeura Energy has drilled a second well to appraise its 2017 Yamalık-1 discovery in the Thrace basin of northwestern Turkey, the company announced... More
Energy ‘Turkey to begin drilling off Cyprus in coming days’ Turkey will begin drilling for oil and gas near the island of Cyprus in coming days, Foreign Minister Mevlüt Çavusoğlu said Thursday. Turkey and the internationally recognised... More
Energy TANAP to strengthen Turkey's energy position in region Turkey's position as a key player in the region's energy sector will be strengthened with Trans Anatolian Natural Gas Pipeline, said Energy Minister Dönmez. Meanwhile, Azerbaijani President Aliyev announced that the project has reached the milestone of delivering 1 billion cubic meters of natural gas to Turkey More
Energy Turkey to put $23 million toward TurkStream in 2019 Turkey plans to invest 122 million Turkish liras in 2019, equivalent to around $23 million, for the land section of the TurkStream natural gas pipeline on Turkish soil, according... More
Energy State energy expenditure increases 15.3 percent this year Turkey approved a 15.3 percent annual increase in public expenditure in its energy and mining sectors in 2019, the country's Official Gazette announced yesterday.Under the... More
Energy 'Russia's Gazprombank freezes PDVSA's accounts' Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling... More
Energy Iraq’s KRG suspends oil exports to Iran The Kurdish Regional Government (KRG) in northern Iraq has suspended oil exports to neighboring Iran. In a statement, the KRG's Ministry of Finance and Economy ordered... More
Energy Oil refinery Tüpraş's investments exceed $6.5B since privatization Turkey's largest oil refinery Tüpraş has invested some $6.5 billion, including an investment $199 million in 2018, since the company's privatization in 2005.In an evaluation... More
Energy Germany, US seek to set aside spat over natural gas supplies Germany's economy minister said yesterday he's confident the country will soon have two terminals capable of receiving shipments of U.S. liquefied natural gas, something Washington... More
Energy Turkey invested $650M in wind power plants last year Motivated to expand its share of renewables in power generation, Turkey has heavily invested in the sector. As a result, wind power capacity has recorded more than a ninefold rise in the last nine years More
Energy Turkish Petroleum posts all-time high in oil production Turkey's oil company Turkish Petroleum (TPAO) drilled 73 wells in 2018 and up to Feb. 6, the company's oil production reached 136,000 barrels per day, an all-time high, according... More
Energy Versatile financing instruments essential for sustainable renewable energy market With the goal of ensuring financial sustainability in renewable energy projects, investments should benefit from alternative financing instruments, including green bonds, venture capital and crowdfunding while increasing liquidity in the domestic markets and decreasing borrowing costs More
Energy Venezuela's Maduro asks OPEC help against US sanctions Venezuela's Nicolas Maduro has sought OPEC support against U.S. sanctions imposed on his country's oil industry, citing their impact on oil prices and potential risks for... More
Energy Benefiting from gov't incentive package, Turkish petrochemical firm poised to start production The petrochemicals and fiber-type chemicals manufacturer in the southern city of Adana, SASA, is ready to start production in the first of the company's two projects, worth... More
Energy Turkish manufacturer produces, exports indigenous diesel engine Turkish manufacturer, Erinmotor is now building and exporting a fuel-saving diesel engine.According to company CEO Ersin Şahin, the engine is priced very competitively. "The... More
Energy Akkuyu nuclear power contractor Rosatom, Turkish IC İçtaş plan to partner up The Russian contractor of Turkey's first nuclear power plant Akkuyu, located in the Mediterranean province of Mersin, was reported to be currently in talks with a leading... More

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Turkey's Winter-2019 drills train for harsh conditions

21 February 2019, Thursday Turkey's Winter-2019 drills train for harsh conditions VIEW ALL

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