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Tuesday, September 13 2011 , Your time is 15:58:00
Genel Energy, the Iraqi Kurdistan-focused oil producer co-founded by former BP boss Tony Hayward, on April 24 named Stephen Whyte to succeed the retiring Hayward in June.
SOFIA - Reuters
Bulgaria and Turkey will sign a political accord to back the construction of a pipeline aimed to link the gas systems of the two neighbours and allow Caspian natural gas flows to Europe, Bulgarian energy minister said on Nov.19.
ISTANBUL- Hürriyet Daily News
More Turkish companies have applied to Gazprom to replace state-run Botaş, which is scheduled to cancel its ongoing deal for 6 billion cubic meters of natural gas by the end of the year, according to the Russian company.
ISTANBUL - Hürriyet Daily News
Genel Energy, an oil company active in northern Iraqi oil fields, is scheduled to enter the FTSE 100 index, becoming the first Turkey-based firm on the London bourse. The company has big plans over disputed Iraqi oil.
Iraq’s Cabinet has accepted a proposal by Royal Dutch Shell and Japan’s Mitsubishi Corp. to jointly develop natural gas facilities in the country through a venture dubbed Basra Gas Co., Iraq’s deputy prime minister for energy has said.
South Korea could ban Iranian petrochemical product imports following pressure from the United States to beef up sanctions against Tehran over its nuclear program, sources told Reuters.
Terror attacks in Turkey’s southern region, which carry a significant importance in country’s transit role in transferring Iraqi and Caspian oil and gas to European markets, risk not only Turkey’s position but also energy security of European countries, according to energy minister.
BAGHDAD - Agence France-Presse
Iraq finalized a $17-billion joint venture deal with Shell and Mitsubishi today to capture and process gas from its southern oil fields, at a ceremony at the oil ministry.
ISTANBUL - Reuters
Russia’s energy giant Gazprom is ready to enter Turkey’s electricity grids market, a problematic field of privatization due to financial problems of local players, according to a top official.
ABU DHABI/DUBAI - Reuters
The United Arab Emirates (UAE) could soon start pumping oil via a key pipeline that will allow it to bypass the Straits of Hormuz and protect exports if Western powers resort to military action in a row over Iran’s nuclear program.
DOHA - Agence France-Presse
Leaders of the world’s biggest gas suppliers opened their first summit in the Qatari capital yesterday by calling for a fair gas price while Iran, whose president was absent from the ceremony, warned that Western taxation will derail the energy market.
NICOSIA - The Associated Press
Authorities say the Greek Cyprus president will pay an official visit to a rig which is carrying out exploratory drilling for gas deposits off the island’s coast.
KBR, a Texas-based engineering and construction company, is seeking partnerships with Turkish firms to build refineries in oil- and gas-rich Iraq, according to its top executive.