Tag Archives: Middle East

LUKOIL owns a 10-percent stake in the consortium for the development of the giant Shah Deniz gas field in Azerbaijan.

The natural gas extracted from the drilling will be equal to 1.5 times the 50 billion cubic metres of gas Turkey imports annually.

The solar project in Karapınar will meet the energy needs of more than 600.000 households and will create around 1.500 new jobs. according to energy officials.

Currently. 600 hydroelectric power plants operate in Turkey.

Rosneft is one of the international firms involved in the exploration and exploitation of Egypt’s Zohr gas field.

This is a landmark agreement for the Iranian petrochemical industry. the first trilateral investment deal the country'.s company has closed with foreign partners.

The Siemens consortium. which includes Turkey'.s Kalyon and Turkerler. submitted a bid of $3.48 cents per kilowatt-hour to beat a rival bid from Chinese firm Ming Yang.

Albayrak said that Turkey would have three nuclear reactors by 2030 with the first to commence work in 2023.

Iran is heavily dependent on natural gas and oil to generate power and one of the most energy-intensive countries in the world .

As of today. SOCAR investments in Turkey reached about $19.5 billion. a part of which has been invested in the Star refinery.