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Tuesday, September 13 2011 , Your time is 15:58:00
OPEC decided on May 25 to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
DOHA - Agence France-Presse
Energy giant Qatar Petroleum is to launch a new project in the world’s biggest gas field, boosting its output by up to 10 percent, it said on April 3.
Sabancı Holding and E.ON have made an agreement to restructure Enerjisa and its subsidiaries, Sabancı said in a statement on March 24.
Gazprom CEO Alexei Miller said in a statement on March 29 that the company aims to finish construction of the Turkish Stream gas pipeline by the end of 2019, Turkey’s state-run Anadolu Agency and Russia’s TASS have reported.
ANKARA - Anadolu Agency
Turkey’s oil imports rose 24.26 percent in January compared to the same month in 2016, Turkish Energy Market Regulatory Authority (EPDK) data showed on March 22.
CRANBERRY TOWNSHIP - Agence France-Presse
Toshiba’s loss-hit U.S. nuclear unit Westinghouse Electric Company has filed for bankruptcy protection, the companies said on March 29, as the troubled division wrestles with huge losses and accounting fraud claims.
The Turkish-Korean Kalyon-Hanwha consortium on March 20 won the tender bid for the construction of Turkey’s biggest solar power plant set to be built in the Central Anatolian province of Konya’s Karapınar district, with an estimated investment volume of $1.3 billion.
LONDON - Reuters
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.
South Korea’s SK Engineering and Construction has joined hands with UNIT International, which is based in Belgium and owned by a leading Turkish businessman as part of the UNIT Group, to lead Iran’s largest ever private power development project worth 3.4 billion euros.
WASHINGTON - Reuters
Saudi Arabia is having “serious discussions” with the New York Stock Exchange about having the NYSE as one of the exchanges for state oil giant Saudi Aramco’s IPO, the Saudi foreign minister told Fox News on March 23.
Phoenix Solar Yenilenebilir Enerji A.Ş., the newly established Turkish subsidiary of Germany’s Phoenix Solar AG, said March 20 it was awarded an order by a consortium led by Akfen Renewable Energy to build a photovoltaic power plant with a total capacity of 11.2 MWp in Amasya
WASHINGTON - Agence France-Presse
U.S. President Donald Trump’s administration said on March 24 it has granted a permit for TransCanada to build the Keystone XL oil pipeline, giving final approval to a project his predecessor had halted over environmental concerns.
CAIRO - Agence France-Presse
Egypt has received its first two oil shipments from Saudi giant Aramco after deliveries were suspended for several months over political differences, an oil ministry spokesman said on March 19.