Tag Archives: Recep Tayyip Erdogan

Two decades ago, China pioneered the so-called “Angola model” wherein it provided oil-backed loans from China to Angola and other African cuntries to finance the building of roads, hydroelectric dams, railways, and other infrastructural projects. Between 2000 and 2022, Angola borrowed $45 billion from China, repaying some of it in …

Turkey’s President Recep Tayyip Erdoğan has announced a fresh discovery of a new oil reserve in the country’s eastern region. “I’d like to share some fresh good news. We have discovered oil reserves with a production capacity of 100,000 barrels per day in Cudi and Gabar,” the president said on …

Turkey on Wednesday said it was ready to assist Hungary with natural gas delivery via the Trans-Anatolian Natural Gas Pipeline (TANAP). “We, (Turkey) together with Azerbaijan, are ready to provide all means of support in the delivery of natural gas to Hungary via TANAP,” President Recep Tayyip Erdogan said at …

Turkish President Tayyip Erdoğan announced on Wednesday that he had agreed with Russian dictator Vladimir Putin to form a natural gas hub in Turkey. Speaking to members of his AK Party in parliament, Erdoğan said Putin had said Europe can obtain its gas supply from the hub in Turkey. Putin …

Turkey on Tuesday (9 August) sent its newest drill ship on the first eastern Mediterranean energy exploration mission in nearly two years. The search for natural gas in energy-rich waters around the divided island of Cyprus has turned into an irritant in Turkey’s ties with the European Union. President Recep …

Turkish President Recep Tayyip Erdogan said Thursday that Sweden and Finland could still have their NATO bids blocked by Turkey if the Nordic nations don’t follow a memorandum that was signed earlier in the week. Turkey lifted its objection to Sweden and Finland joining NATO after the three countries signed …

Turkey will start transferring 10 million cubic meters (mcm) of natural gas daily from the Sakarya Gas Field in the Black Sea to the national transmission system in the first quarter of 2023, the country’s president said on Monday. The production in Sakarya Gas Field will “hopefully reach its peak …

Turkish President Recep Tayyip Erdogan on Thursday accused Greece of militarizing its islands in the Aegean Sea with an eye toward threatening Turkey, in but the latest salvo in a series of tit-for-tat accusations between the two NATO members. Erdogan urged immediate demilitarization of the islands, stressing Turkey will never …

Turkey intends to produce up to 40 million cubic meters of gas per day from fields in the Black Sea, President Recep Tayyip Erdogan said. “We hope to use the Black Sea gas from January 2023. It is planned that at the first stage 10 million cubic meters of gas …

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 …