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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.
The Ankara Chamber of Industry and several Russian institutions have signed a memorandum of understanding to cooperate in the training of workers for the construction of nuclear power facilities in southern Turkey.
JERUSALEM - Agence France-Presse
An Israeli company said on March 2 it has started exporting gas from an offshore field to Jordan, marking the country’s first ever exports of natural gas.
HOUSTON - Anadolu Agency
Turkey will begin seismic exploration of oil and natural gas resources in the Mediterranean and the Black Sea this year, Energy and Natural Resources Minister Berat Albayrak has stated.
BAGHDAD - Reuters
Oil pumping from Iraq’s northern Kirkuk fields stopped on March 2 after Kurdish forces were deployed to search for explosives said to have been planted by Islamic State of Iraq and the Levant (ISIL), sources from the Kurdish security forces and oil executives said.
Turkey’s main goal in the energy sector is diversification, Energy Minister Berat Albayrak said at a conference in the U.S. on March 7.
LONDON - Reuters
Iraq’s Kurdistan Regional Government (KRG) has increased the loans guaranteed by future oil sales to $3 billion in new deals with trading houses and Russian state oil firm Rosneft aimed at strengthening its fiscal position as the semi-autonomous region fights Islamic State of Iraq and the Levant (ISIL).
ANKARA - Anadolu Agency
Turkey put 28 new power plants into operation in February with 316.7 megawatts (MW) of installed capacity, of which 94 percent came from local resources, data from the Energy and Natural Resources Ministry showed on March 6.
MOSCOW - Anadolu Agency
Gazprom will begin building the offshore section of the Turkish Stream gas pipeline in the coming months, a Gazprom board member said Feb. 28.
Russian President Vladimir Putin and Turkish President Recep Tayyip Erdoğan will discuss the Turkish Stream gas pipeline and the Akkuyu nuclear plant when they meet in Moscow on March 10, the Kremlin said on March 7, as reported by Reuters.
Turkish consumers believe high prices and the dependence on foreign sources are the two most important problems in the energy sector, a poll has revealed. ‘The Turkish public’s most preferred energy source is natural gas, and it is sensitive to energy supply security,’ says Professor Volkan Ediger
Austrian oil and gas group OMV has announced the sale of its Turkish subsidiary Petrol Ofisi to Swiss oil trading giant Vitol for 1.368 billion euros ($1.45 billion).
ISTANBUL - Anadolu Agency
Israel sees Turkey not only as a big market but also as a major economy in the region, Delek Group’s Gas Pipeline Project Director Ofer Oberlander said Feb. 23.