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Tuesday, September 13 2011 , Your time is 15:58:00
Russia’s energy minister said on Sept. 22 that he was in favour of continuing cooperation with the OPEC oil cartel as their joint accord to cap output bears fruit in boosting the price of crude.
Saudi Arabia and Iraq are to launch a joint trade commission, the Saudi cabinet announced on Aug. 14, in a sign of a thaw in ties between the two neighbors.
A consortium of German giant Siemens and Turkey’s Türkerler and Kalyon Enerji holdings won a billion-dollar wind energy tender on Aug. 3, offering the lowest price to the state with $3.48 cents per kilowatt hour.
A Turkish-Korean consortium is set to establish Turkey’s first solar panel production facility in the capital Ankara in line with a giant energy project.
Turkey will hold a reverse auction on the energy ministry’s giant wind power project next week, Energy Minister Berat Albayrak announced on July 28.
ASTANA - Anadolu Agency
Turkey is a regional power with a “critical” role in establishing energy security, Turkish Economy Minister Nihat Zeybekci said on Aug. 10.
Eight consortia, including four German giants, participated in the Turkish Energy Ministry’s 1,000 megawatts (MW) wind power project tender on July 27
LONDON - Reuters
OPEC forecast higher demand for its oil in 2018 due to rising global consumption and slower supply growth from rivals, although another jump in the group’s output suggested the market will remain in surplus despite efforts to rein in production.
Britain will ban the sale of new petrol and diesel-powered cars from 2040 as part of a plan to get them off the roads altogether 10 years later, environment minister Michael Gove said on July 26.
FRANKFURT - Reuters
E.ON Chief Executive Johannes Teyssen said business in Turkey was going well, adding the group expected power demand in the country to rise and flagging a possible listing of Enerjisa, its local joint venture with Sabancı.
ST PETERSBURG - Reuters
OPEC leader Saudi Arabia said on July 24 the group would quickly address weak compliance with output cuts by some OPEC states and would monitor rising production from Nigeria and Libya, which have been exempted from the curbs.
NEW YORK - Agence France-Presse
The growth of shale gas extraction is positioning the United States to be a bigger natural gas exporter, potentially challenging Russia’s hold on the European market.
ANKARA - Anadolu Agency
Turkey’s Zorlu Energy has signed a memorandum of understanding (MoU) with Palestine’s electricity distribution company JDECO for the construction and operation of solar power plants to provide electricity to Palestine, the company announced on July 19.