Already grappling with risks from the spreading coronavirus, markets around the world found themselves opening Monday with yet another shock – Saudi Arabia firing the first shot of an oil price war. The move lead Brent crude to drop by almost a third at one point Monday, sinking the global …
Read More »Iraq to Halt Oil Output at Southern Oil Field
Nahr Bin Omar oil field is considered one of the most controversial fields because of the pollution and gas emissions.
Read More »Turkey Plans New Hydrocarbon Exploration in East Med
Turkey has consistently contested the Greek Cypriot administration'.s unilateral drilling in the Eastern Mediterranean.
Read More »Exxon to Sell $25B of Oil and Gas Fields in Europe. Asia and Africa
Exxon'.s shares heavily underperformed relative to other Oil Majors over the past five years.
Read More »China Considers Speeding up Shale Gas Drive
China'.s reliance oil and gas imports is growing too rapidly.
Read More »Turkey Imports Record LNG Supplies in First Half of 2019
In total. Turkey imported 23.29 billion cubic meters of natural gas via pipelines and LNG terminals in the first half of 2019.
Read More »Global Stock Markets Rally as Trump Delays Key China Tariffs
Weakness in Asian stock markets had spilled first into Europe and from there into early US trading.
Read More »Putin Lauds Cooperation with Turkey on TurkStream
The project is the biggest-diameter offshore gas pipeline in the world laid at such depths.
Read More »SOCAR will Buy Iraqi Oil for Refinery in İzmir
SOCAR Turkey will supply 700.000 tons of jet fuel to Istanbul Airport on an annual basis.
Read More »SOCAR`s New Petrochemical Investment to Operate by 2023
The gas transmission capacity of the project can be increased to 24 billion cubic meters first and to 31 cubic meters with additional investments later.
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