Tag Archives: Turkey

Italian oil giant Eni said Tuesday it would withdraw from the Blue Stream gas pipeline linking Russia to Turkey, in which it has a 50 percent stake. “Eni intends to sell its stake” in Blue Stream, a company spokesman said, following moves by rivals BP and Shell to divest from …

Iran has started gas supply testing to Turkey in limited quantities, which is expected to alleviate natural gas cuts to the country’s industry starting on Jan. 31, Petroleum Pipeline Corporation (BOTAŞ) said Friday. Iran had previously confirmed it would not send natural gas to Turkey starting from Jan. 20 for …

Turkey is undergoing massive power cuts to industrial customers this week at an unprecedented level never seen before after the country’s natural gas supplies dipped following a disruption of imports from Iran. Major industrial zones and clusters and major production sites, including those of foreign car manufacturers, are being hit …

Turkey’s state oil operator said on Wednesday it had resumed crude flows through a ruptured pipeline linking Iraqi energy fields with international markets. Tuesday’s blast along the Kirkuk-Ceyhan link in southern Turkey contributed to a rise in international crude oil prices to a seven-year high. The pipeline normally carries more …

The US on Friday voiced misgivings over the Eastern Mediterranean (EastMed) Pipeline, a planned gas pipeline that would ferry Israeli fuel from the eastern Mediterranean to Greece. A State Department spokesperson who commented on the matter on condition of anonymity told Anadolu Agency that the Biden administration is looking “critically …

The US has confirmed that it has decided to withdraw support from the EastMed gas pipeline project, which sought to transport Israeli natural gas to the European market via the Mediterranean Sea and Greece. The US Embassy in Athens reiterated its commitment to connecting energy in the Eastern Mediterranean to …

A daily flow of 1.15 million cubic meters (mcm) of natural gas was achieved after a successful flow test of the first reservoir section in the Türkali-1 appraisal well in the Sakarya Gas Field, Turkish Petroleum (TPAO) said via Twitter late Monday. TPAO successfully completed the flow test of the …

Turkey raised the price of both electricity and natural gas on Saturday, New Year’s Day, Bloomberg reported. The price increase comes amidst a surge in global energy prices. For electricity, prices have increased between 52% and 130% for households, according to an estimate from Haberturk newspaper. In a statement issued …

Turkey’s total oil imports increased by 22.3% on an annual basis to 4.20 million tons in October, according to data released by the country’s energy watchdog on Thursday. Crude oil imports, the category with the highest oil import volume, rose by 24.2% in October to 2.89 million tons, the Energy …

Energy and Natural Resources Minister Fatih Dönmez has said Turkey must concentrate on producing its own natural gas not to be affected by the fluctuations in global energy prices, adding that the quality of the natural gas discovered in the Black Sea was high. “If we had oil, natural gas …