The Iranian Oil Minister discussed the extension of the gas contract and energy trade in a meeting with the country’s energy and economic officials during his visit to neighboring Turkey. Javad Owji, who has traveled to Ankara at the head of a delegation, met with Fatih Dönmez and Nureddin Nebati, …
Read More »Turkey Accuses Washington of ‘Bullying’ Saudi Arabia over OPEC+ Oil Cuts
Turkey’s Foreign Minister Mevlüt Çavuşoğlu on Friday accused the United States of bullying its ally Saudi Arabia after OPEC+ announced oil production cuts despite Washington’s objections. Earlier this month, OPEC+ announced that it will cut oil production by 2 million barrels a day, starting in November, in a move that …
Read More »Putin Proposes Building Natural Gas Hub in Türkiye
Russian President Vladimir Putin on Thursday proposed to his Turkish counterpart Recep Tayyip Erdogan building a natural gas hub in Türkiye. Speaking on the sidelines of a regional gathering in Kazakhstan, Putin said building a hub in Türkiye would allow, among other things, regulating prices, selling gas at market prices, …
Read More »Exports of Gas from Iran to Turkey Resume
The National Iranian Gas Company (NIGC) has said that Iran has resumed gas exports to neighboring Turkey after repairs on the pipelines were done. According to the official news service of the Iranian Ministry of Petroleum (SHANA), Mohammad Reza Jolaei, an official with the National Iranian Gas Company (NIGC), said …
Read More »Iran Halts Gas Deliveries to Turkey due to Maintenance
Natural gas deliveries from Iran to Turkey will temporarily be discontinued from October 2-9, 2022, due to scheduled maintenance, Turkey’s Petroleum Pipeline Corporation (BOTAŞ) said on Monday. According to the Turkish Daily Sabah newspaper, “Due to the planned inspection and maintenance works to be carried out on the Iran-Türkiye Natural …
Read More »Iran’s Export of Products to Turkey up 49% in 8 Months
Iran’s exports to neighboring Turkey show a 49 percent growth in the first eight months of 2022. According to the Statistical Department of Turkey, Iran exported $2.382 million worth of products to Turkey in the eight months of 2022, showing a 49 percent growth compared to the same period last …
Read More »Turkey to Pay for Quarter of Russian Gas in Rubles
Russian President Vladimir Putin said Friday Turkey would pay for a quarter of its Russian natural gas imports in rubles under a new set of deals designed to boost trade. Putin made the announcement in opening remarks of his meeting with Turkish President Recep Tayyip Erdogan on the sidelines of …
Read More »Türkiye a Reliable Route for Gas Deliveries from Russia
Türkiye is a “reliable route” for gas deliveries from Russia, the Russian president said on Friday. During a meeting with his Turkish counterpart Recep Tayyip Erdogan on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan, Putin thanked Erdogan for the Ukraine grain deal. He expressed hope …
Read More »Türkiye Affected by Energy Crisis but still Sees Hassle-Free Winter
Türkiye has been affected by the energy crisis, yet in contrast to Europe, it is not expected to face any disruptions this winter as long as gas suppliers follow through on their pledges, the country’s energy chief said on Saturday. Fears in Europe have increased over a potentially bleak winter …
Read More »Türkiye’s Oil Imports up Nearly 5%, Gas Purchases down in June
Türkiye’s oil imports jumped, while natural gas purchases fell in June versus a year ago, the country’s energy watchdog said Tuesday. The total oil imports were up 4.9% to 4.19 million tons in June, the Energy Market Regulatory Authority (EPDK) said in its monthly report. Crude oil imports, the category …
Read More »