Tag Archives: European Union (EU)

The European Union blacklisted two Turkish nationals as retaliation over Ankara’s energy drilling off Cyprus in a move that has more political symbolism than economic punch.

Saudi Aramco’s planned purchase of the region’s biggest petrochemical company comes as it targets downstream investments in a move away from relying on crude oil sales.

In March 2019. Aramco announced the deal in a key move towards its diversification into refining and petrochemicals.

Currently. Azerbaijan is the only source of gas for SGC.

Cyprus and Greece dispute Turkey’s claims in the region.

Secretary General of the European External Action Service (EEAS). Helga Schmid. says crucial discussion is being held among participants of the Joint Commission meeting in Vienna on Wednesday.

Participants reaffirmed their commitment to Iran nuclear deal as a key element of non-proliferation architecture.

The Joint Comprehensive Plan of Action (JCPOA) joint commission meeting will be held in Vienna. Austria on Wednesday. according to the European Union.

Turkey has consistently contested the Greek Cypriot administration’s unilateral drilling in the area.

Iranian Parliament Speaker Ali Larijani said that the European Union is only paying lip service to its commitments under the Joint Comprehensive Plan of Action (JCPOA).