Turkey

Turkey and Azerbaijan have actually agreed to extend their natural gas supply agreement, due to end at the end of this year, till 2030, and to provide Turkmen gas to Turkey, Turkish Energy Minister Alparslan Bayraktar said on Tuesday. The extended Azerbaijan-Turkey gas deal covers the delivery of 3.5 billion cubic metres (bcm) of natural gas per year to Turkey until 2030, a SOCAR official told in Baku. In addition to the accord in between Turkey's state gas grid operator BOTAS and the Azeri gas supply business, 4 contracts were signed between BOTAS and Azerbaijan's state oil company SOCAR for...

Turkey remains in talks with US energy huge ExxonMobil over a multibilliondollar offer to buy liquefied gas, in an effort to curb its reliance on Russian energy, the Financial Times reported on Sunday. The country is seeking to develop a new supply portfolio that will make it less dependent on any single partner, Turkey's. Energy Minister Alparslan Bayraktar informed the feet in an interview. Turkey would protect as much as 2.5 million tonnes of LNG a year. through a long-lasting deal under conversation with Exxon, Bayraktar. told FT. The pact could last for a years, he added. Bayraktar stated the...

4 expatriate workers were killed in a drone attack targeting the Khor Mor gas field in Iraq's Kurdistan region on Friday, a consultant to the Iraqi Kurdish prime minister told . Production has likewise been suspended, the advisor to the Iraqi Kurdish prime minister and a senior Kurdish politician stated. The 4 migrant workers killed in the attack were from Yemen, a declaration from the Kurdish regional government said. Iraqi President Abdul Latif Rashid, in a Saturday post on X, condemned the attack that led to numerous deaths and injuries, and has actually affected the regional electricity supply network. The...

A year after the closure of the IraqTurkey oil pipeline, the conduit that once managed about 0.5% of global oil supply is still stuck in limbo as legal and monetary obstacles impede the resumption of flows, 3 sources informed . As soon as streamed through, about 450,000 barrels per day of crude Iraq's northern oil export path through Turkey, and its closure has led to the loss of approximately $11 billion to $12 billion for Iraq, the Association of the Petroleum Market of Kurdistan (APIKUR). price quotes. A restart is not being discussed at the moment, among the. sources with...

Kremlinowned energy kingpin Gazprom, as soon as Russia's most rewarding company, might face a long period of poor performance as it has a hard time to fill the gap of lost European gas sales with its domestic market and Chinese exports. The company recently revealed a yearly bottom line of $7. billion, its very first because 1999, following a steep decline in. trade with Europe. Gazprom's troubles reflect the deep impact the European. sanctions have actually had on Russia's gas market, along with the. constraints of Moscow's growing collaboration with China. The impact of international sanctions on oil exports has....

The following are the leading stories on the business pages of British newspapers. has not confirmed these stories and does not guarantee their precision. The Times - Private equity executives have actually gotten a tax break worth as much as 4 billion pounds ($ 5.09 billion) under the brought. interest guidelines that UK's Labour Party prepares to abolish if it. wins the basic election. - State subsidies for brand-new offshore wind jobs might not be. generous enough to drive the tasks needed to achieve targets. for increasing tidy energy, climate advisor to the UK government. Environment Modification Committee has actually...

Greece is pushing ahead with 21 efforts worth 780 million euros ($ 830.9 million) to safeguard marine biodiversity and deal with seaside contamination, Prime Minister Kyriakos Mitsotakis stated on Monday ahead of an global conference. Greece, which includes countless islands and which has the longest Mediterranean shoreline of any littoral state, stated last week it prepares to produce two marine parks, one in the Ionian Sea and one in the Aegean Sea, as part of the efforts. Silently however methodically, Greece is playing a leading role in the defence against dramatic environment changes, which are proven to impact every area...

Large quantities of climatewarming refrigerant gases from China and Turkey are being smuggled unlawfully into Europe, weakening an international pact to phase them out, a report by the Londonbased Environmental Examination Agency (EIA) stated on Monday. The gases are hydrofluorocarbons (HFCs), a range of chemicals utilized mainly for cooling in market and retail, which do not harm the ozone layer like other banned refrigerants, but as greenhouse gases can be several thousand times more powerful than co2. In spite of dedications to lower HFC usage, police agencies throughout the European Union are having a hard time to keep track of...

Greece is pushing ahead with 21 initiatives worth 780 million euros ($ 830.9 million) to secure marine biodiversity and take on seaside pollution, Prime Minister Kyriakos Mitsotakis said on Monday ahead of an worldwide conference. Greece, that includes countless islands and which has the longest Mediterranean shoreline of any littoral state, stated recently it plans to develop 2 marine parks, one in the Ionian Sea and one in the Aegean Sea, as part of the initiatives. Quietly however systematically, Greece is playing a leading function in the defence against dramatic climate changes, which are shown to affect every region and...

Turkish steel manufacturer Kardemir plans to invest $1.5 billion in the next 5 years and will increase its unrefined steel production to 3.5 million metric tons from 2.5 million as an outcome, its Chairman Ismail Demir said. The sector is facing pressure to make new investments to fulfill environment targets, with Europe starting to levy a border carbon tax on products such as steel from 2026, and financiers are carefully seeing the business's emissions reduction plans. We intend to reduce our carbon emissions by 15% by 2030 and end up being a carbon neutral facility by 2053, Demir told reporters...