Tag Archives: Daily Sabah

Russia has repeatedly said it will not supply oil to countries that implement the cap – a stance reaffirmed by Mikhail Ulyanov, Moscow’s ambassador to international organizations in Vienna, in posts on social media on Saturday. “Starting from this year Europe will live without Russian oil,” he said. The G-7 …

Türkiye’s Black Sea gas field is on track to go online next year as promised and work has sped up to connect it to the national infrastructure, President Recep Tayyip Erdoğan said Saturday. Addressing a natural gas pipeline opening in the northern Kastamonu province, Erdoğan said drilling at nine of …

Russian President Vladimir Putin on Monday said a natural gas hub could be set up in Turkey quite easily and predicted that many countries in Europe would want to make deals for supplies. Putin made his remarks at a news conference in Sochi. Earlier this month, President Recep Tayyip Erdoğan …

Türkiye’s oil imports jumped, while natural gas purchases fell in June versus a year ago, the country’s energy watchdog said Tuesday. The total oil imports were up 4.9% to 4.19 million tons in June, the Energy Market Regulatory Authority (EPDK) said in its monthly report. Crude oil imports, the category …

Shell on Thursday reported a second-quarter profit of $11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading. The company also announced a share buyback program of $6 billion for the current quarter, but did not raise its dividend …

When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas (LNG) to offset shortages from Russia’s invasion of Ukraine, his pledge was greeted with scepticism. After all, the U.S. LNG industry was already hitting its export limits and the …

Iraq’s efforts to control revenue collected by the Kurdistan Regional Government (KRG) have extended to requests for oil and gas firms operating in the semi-autonomous region to sign new contracts with state-owned marketer SOMO rather than the KRG. Oil Minister Ihsan Ismael on May 7 said Iraq’s oil ministry would …

Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oil fields and led to an exodus of international oil majors that Baghdad wants to invest in its creaking economy. Since the start of 2021, plans by Russia’s Lukoil and U.S. …

Farmers in the lush fields southwest of Paris are joining Europe’s fight to wean itself off Russian energy over Moscow’s invasion of Ukraine. They’ll soon turn on the tap of a new facility where crops and agricultural waste are mashed up and fermented to produce “biogas.” It’s among energy solutions …

The German government is said to be planning a law to speed up the construction of import terminals for liquefied natural gas (LNG), as Berlin seeks to find alternative sources of energy to lessen its dependence on Russian imports. The draft law to accelerate LNG projects in northern Germany was …