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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.
ANKARA – Anadolu Agency
Turkey will be more active in offshore oil and gas exploration with plans to conduct seismic studies in the Black Sea and the Mediterranean by the end of March or beginning of April, Energy and Natural Resources Minister Berat Albayrak said March 14.
HOUSTON - Anadolu Agency
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.
Rosneft has said it signed a number of agreements with Turkey’s leading energy companies on the sidelines of the top level negotiations between Russian President Vladimir Putin and Turkish President Recep Tayyip Erdoğan on March 10.
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.
Gazprom is ready to comply with EU rules to end a five-year antitrust case and avoid fines, the bloc’s competition commissioner said yesterday, signaling a thaw in business ties between Moscow and Brussels despite tensions over Ukraine.
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.
Implementation of Turkish Stream project will it make possible to boost gas deliveries to Turkey and increase the country’s transit potential, Russian President Vladimir Putin said on March 10 during Turkish President Recep Tayyip Erdoğan’s Moscow visit.
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).
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.
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.