Tag Archives: Turkey

Energy and Natural Resources Minister Fatih Dönmez has said that another exploratory natural gas well could be drilled in a field in the south or west of the Sakarya Gas Field in the Black Sea this year. Turkey on June 4 announced the discovery of 135 billion cubic meters (bcm) …

Turkey has discovered further deposits of natural gas in the Black Sea, according to people familiar with the matter, and is likely to make an announcement soon. Initial data from the offshore Amasra-1 well show a significant amount of newly discovered gas, the people said, asking not to be identified …

Turkey will conduct new drillings in areas in the Eastern Mediterranean where it sees signs of natural gas, Energy and Natural Resources Minister Fatih Dönmez said Monday. “We think there is potential in the wells we have drilled,” Dönmez told the private broadcaster, A Haber. The minister also signaled new …

On the back of developing political and economic relations between Qatar and Turkey, the LNG-rich Gulf state has been a growing market for Turkish contractors since 2014, an official of a Turkish consultancy firm has said. Citing data by Engineering News Record, Cigdem Ulug Kutlu, partner Shedu Consulting & International …

Turkey ranked third in the world after China and India with an annual growth of 1.3 million tonnes in LNG imports in 2020, according to the latest report of the International Group of Liquefied Natural Gas Importers (GIIGNL). China ranked first with imports of 7.2 million tonnes last year followed …

The 28th edition of meeting of Iran-Turkey Joint Economic Cooperation Commission will be held on April 28-29 to discuss enhancing and broadening bilateral ties on issues of mutual interests. This meeting will be held in the presence of Chairpersons of Iran-Turkey Joint Economic Cooperation Commission Mahmoud Vaezi Iranian President’s Chief …

Turkey’s total offshore wind power potential stands at 75 gigawatts (GW), Offshore Wind Energy Association (DÜRED) Chairperson Murat Durak said Monday, noting that they have reached a certain stage in works at some ports in the Marmara and Aegean regions and that they can now carry out offshore wind power …

On the eve of talks with Turkey’s president and a key EU summit, the bloc is holding back on sanctions on more Turkish oil company officials, according to media reports. “Work has stopped on additional blacklistings of Turkish individuals, and we are not talking of economic sanctions anymore,” the Reuters …

Norway’s oil fund, the world’s largest sovereign wealth fund, bought shares in four Turkish energy companies with investments totaling around $140 million up to the end of 2020, according to official figures from Norway’s Norges Bank Investment Management. The giant fund made its biggest energy investment in Eregli Iron and …

According to the Turkish Daily Sabah, Fatih Donmez was speaking on Turkey’s efforts to ensure energy supply security and strengthen its place in energy markets in order to provide itself with better bargaining opportunities, at the 7th Southern Gas Corridor Advisory Council meeting. The launching of the Natural Gas Futures …