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Tuesday, September 13 2011 , Your time is 15:58:00
Oil fell further towards $50 a barrel on March 27, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of crude.
ISTANBUL – Hürriyet Daily News
Turkey is set to revisit the problematic issue of oil exploration in the eastern Mediterranean following a deal to search for reserves off Antalya with Shell
FRANKFURT - Agence France-Presse
EON, Germany’s biggest power supplier, said yesterday its profits fell sharply in the first nine months owing to the shutdown of power plants as part of Germany’s policy to abandon nuclear energy.
ANKARA - Radikal
Large energy companies operating in the United States will hunt for Turkish partners in Istanbul, Ankara and İzmir between Dec. 5 and 9, according to Michael Lally, the U.S. Embassy’s Trade Counselor in Ankara.
LUBMIN - Agence France-Presse
Russian President Dimitry Medvedev and German Chancellor Angela Merkel opened on Tuesday a pipeline pumping Russian gas to Western Europe, a massive project set to deepen energy reliance on Moscow.
ANKARA – Hürriyet Daily News
After a two year of high economic performance, Turkey now should be ready for a tougher period, head of European Bank for Reconstruction and Development tells the Daily News. Still, Turkey, together with Ukraine, will rank as number two in terms of priorities of the EBRD doing business,’ says Thomas Mirow
ISTANBUL - Daily News with wires
Russian gas giant Gazprom announced yesterday that its net profit for the first half of 2011 had jumped 56 percent to over $25 billion, helped by higher energy prices and volumes of gas sold.
DOHA - Agence France-Presse
Energy ministers of the Gas Exporting Countries Forum (GECF) met yesterday to prepare for the first-ever summit of the 11-member group which will discuss fair prices and stronger coordination.
ISTANBUL- Hürriyet Daily News
A mission from China’s Kingdom Club, say they are looking for investment opportunities in Turkey in fields including energy and finance. The Bank of China, meanwhile, continues preparations to open a Turkey branch
The regional administration in Iraq’s north says its contract with Exxon Mobile, a deal strongly opposed by the country’s central government, is old and binding.
SHENYANG, China - Anatolia News Agency
Star Mall, the $250 million joint project by Turkish Mall and Fiba Holding, is set to open its giant shopping center in Shenyang in northeastern China by early December, according to Chief Executive Bülent Ulusoy.
VIENNA - Reuters
Turmoil in Libya and Yemen ate into earnings at oil and gas group OMV in the third quarter and the Austrian company said it was unclear when its production would normalize.
Iran has cancelled plans for Russia’s Gazprom to develop its Azar oil field because of “repeated” delays and awarded it to domestic contractors, a newspaper reported yesterday.