Sub Categories:/» Homepage/» ECONOMY/» ENERGY
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 Competition Board has announced that it has launched a probe into seven electricity companies owned by Sabancı Holding to investigate whether they abused their dominant market position.
TOKYO/SINGAPORE - Reuters
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said
BAKU – Anadolu Agency
The Trans-Anatolian Natural Gas Pipeline (TANAP) project, set to carry Azeri gas to Europe, is now ahead of schedule, Turkey’s ambassador to Azerbaijan said on Jan. 24.
SOFIA - Reuters
Bulgaria will halt exports from local power generators from Jan. 12 to ensure sufficient electricity supplies after freezing temperatures led to an increase in power demand, the energy ministry said
The head of the power grid company on Istanbul’s European side has stepped aside, following a series of huge electricity cuts.
Turkey does not anticipate electricity and gas price hikes in 2017 despite recent cost increases, Energy Minister Berat Albayrak said on Jan. 6
TOKYO – Agence France-Presse
Japan reported on Jan 24 its first annual trade surplus since the 2011 Fukushima nuclear disaster sent the country’s energy import bills soaring.
MEXICO CITY - The Associated Press
Protests and looting fueled by anger over gasoline price hikes in Mexico have led to four deaths, the ransacking of at least 300 stores and the arrests of more than 700 people, officials said
ANKARA – Anadolu Agency
Iran is expected to pay $1.9 billion as compensation to Turkey in line with a decision made by the International Court of Arbitration, Iran’s Deputy Petroleum Minister Hamid Reza Araqi said on Jan. 24.
Turkey’s state pipeline operator Botaş will cut supply to gas-fired power plants by 50 percent as of Jan. 6, due to increased household demand in cold weather, energy industry sources said on Jan. 5, in a bid to free up more gas for households.
Gazprom’s investments in gas midstream will grow by 6.8 percent year-on-year to 911.2 billion rubles ($15.3 billion), including the Turkish Stream project, the Russian gas holding said on Jan. 19, as reported by TASS.
BEIRUT - Reuters
Lebanon’s new government on Jan. 4 passed two decrees concerning oil and gas exploration blocks, meaning a tender process for offshore reserves, stalled since 2013, can begin