Turkey

Energy Markets

Oil & Gas

Oil & Gas Exploration

Turkey in talks with ExxonMobil over multibillion-dollar LNG deal, FT reports

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...

Natural Gas

4 killed in attack on northern Iraq's Khor Mor gas field, consultant to Iraqi Kurdish PM states

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...

Oil & Gas

A year after Iraq-Turkey pipeline halt, no progress to resume flows

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...

Natural Gas Utilities

Gazprom loss reveals struggle to fill EU gas sales space with China

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....

Fossil Fuels

Fossil Fuels

Turkish court convicts Syrian lady over Istanbul battle

A Turkish court sentenced Ahlam Albashir, a Syrian nationwide, to life in jail on Friday over a 2022 bombing that killed six people in Istanbul's main shopping street, a copy of the decision gotten revealed. Six Turkish residents, 2 members each of 3 households, were eliminated in the attack on Nov. 13, 2022. The explosion likewise wounded about 100 individuals in the busy street loaded with buyers and tourists. The court imposed a total of seven life sentences on Albashir, who was previously identified by authorities as the individual who planted the bomb. The case likewise involved more than 30...

Fossil Fuels

Turkey's Erdogan says Iraq sees need to eliminate Kurdish PKK militia

Turkish President Tayyip Erdogan stated in remarks published on Tuesday he thought Iraq saw the need to remove the Kurdish PKK militia and had the will to do so, adding Ankara desired Baghdad's assistance because battle. Erdogan was speaking after talks in Baghdad and Erbil on Monday, the first go to by a Turkish leader to Iraq considering that 2011, following years of stress as Ankara carried out cross-border attacks on PKK militants based in northern Iraq. Ties between the neighbours are getting in a brand-new phase, Erdogan said, after they accepted work together versus militants, enhance financial relations by...

Fossil Fuels

Iraq, Turkey to raise security, financial ties after Erdogan visit

Turkish President Tayyip Erdogan said relations with Iraq were getting in a new stage after the neighbours accepted cooperate versus Kurdish militants, enhance financial ties via a. brand-new trade corridor and consider Iraq's requirements for access to. scarce water. Erdogan remained in Iraq on a long-awaited see, the first. by a Turkish leader considering that 2011, following years of stretched. relations as Ankara increase cross-border operations against. PKK militants based in mountainous, mainly Kurdish northern. Iraq. I shared my belief that the PKK's existence in Iraq will. end. We discussed the joint actions we can take versus the. terrorist organisation...

Crude Oil

Environment

Environment

Greece to spend 780 mln euros to secure marine biodiversity: PM

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...

Climate Change

Climate-warming gases being smuggled into Europe, examination states

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...

Environment

Greece to spend 780 mln euros to safeguard marine biodiversity, PM says

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...

Environment

Turkey's Kardemir prepares $1.5 bln financial investment within 5 years

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...