Tag Archives: Daily Sabah

Concerned about Europe’s energy vulnerability, the head of NATO said the continent needs to diversify its energy supplies on Sunday. Britain warned it was “highly likely” that Russia, a major natural gas supplier, wanted to invade Ukraine. Russia has massed some 120,000 troops near its neighbor and demanded the western …

The European Union will need to invest 500 billion euros ($568 billion) in new generation nuclear power stations from now until 2050, the bloc’s internal market commissioner said in an interview published over the weekend. “Existing nuclear plants alone will need 50 billion euros of investment from now until 2030. …

A daily flow of 1.15 million cubic meters (mcm) of natural gas was achieved after a successful flow test of the first reservoir section in the Türkali-1 appraisal well in the Sakarya Gas Field, Turkish Petroleum (TPAO) said via Twitter late Monday. TPAO successfully completed the flow test of the …

The European Union will need to invest 500 billion euros ($568 billion) in new generation nuclear power stations from now until 2050, the bloc’s internal market commissioner said in an interview published over the weekend. “Existing nuclear plants alone will need 50 billion euros of investment from now until 2030. …

As the world wrestles with soaring energy prices just ahead of winter, Turkey is revving up efforts to ensure the fallout is only minimally reflected on its citizens and their energy bills, according to officials. Gas and electricity prices, particularly in Europe, have been setting record highs on a daily …

Energy prices are soaring around the world as the global economy’s rebound from the COVID-19 pandemic strains with decrease of supplies ahead of a predicted long winter in the Northern Hemisphere. This increase is particularly high in Europe, where gas prices are trading near record levels. Not only households are …

NATO Secretary-General Jens Stoltenberg on Monday asked China to show more transparency on its nuclear arms program. Stoltenberg held a talk with Chinese Foreign Affairs Minister Wang Yi by a video link to discuss NATO-China relations and international security challenges, Stoltenberg’s office announced in a press statement. Stoltenberg reaffirmed that …

The gas supply from Iran to neighboring Iraq’s electric power stations feeding the country’s southern and central parts was slashed by 19 million cubic meters per day, according to the local government. “The rates of Iranian gas being supplied to the production stations in the central regions and Baghdad have …

Oil demand surged last month as rising vaccination rates helped underpin robust economic activity, but with oil-producing nations pumping less than needed prices are set to be volatile until it reaches a deal to raise output, the International Energy Agency (IEA) warned on Tuesday. A meeting of Organization of the …

Saudi Arabia plans to launch a second national airline, Crown Prince Mohammed bin Salman (MBS) announced Tuesday as part of a broader plan of diversifying the oil-dependent kingdom’s economy by making the country a global logistics hub. The creation of another flag carrier would catapult Saudi Arabia into the 5th …