Turkey’s largest-ever natural gas discovery in the Black Sea could lead to new cooperation with Russia and Iran even as it aims to be a producer and not just a buyer, Turkish Finance Minister Berat Albayrak said on Tuesday. “The countries we have been cooperating with for years are Iran …
Read More »Turkish-Discovered New Black Sea Gas Reserve Valued at $65 Billion
The approximate value of the large gas reserve in the Black Sea which Turkey said it discovered earlier in the day is $65 billion, Turkish Energy Minister Fatih Donmez said on Friday. “The approximate value is $65 billion. We will be conducting the seismological exploration and drilling on our own”, …
Read More »Turkey Nets Largest-Ever Find with Tuna-1 Gas Discovery
A gas discovery of the scale of the Tuna-1 find in the Black Sea, if developed, would be transformational for Turkey, given its overwhelming reliance on imports and crippling energy import bill. Turkey is chiefly reliant on piped gas from Russia, Azerbaijan and Iran but the share of liquefied natural …
Read More »Iran Determined to Expand Ties with Turkey in All Fields
Referring to two countries’ good relations in various fields, the Iranian President said that “The Islamic Republic of Iran is determined to develop friendly and brotherly relations and cooperation with Turkey in all fields.” Speaking in a telephone call with Turkish President Recep Tayyip Erdogan on Friday, Hassan Rouhani congratulated …
Read More »Turkey is Looking to Reduce Reliance on Russian Gas
Turkey is looking to reduce further its reliance on Russian gas, and for the first time in almost two decades, Turkey may not receive gas at all from Russian gas giant Gazprom for at least two weeks. According to Turkish state-owned Botas, cited by Interfax, the Turkish Stream pipeline will …
Read More »Turkey Rejects Greece Accusation of Mediterranean Violation
Turkey on Wednesday rejected claims by Greece that its oil-and-gas research vessels were encroaching on Greek waters in the eastern Mediterranean and said it would continue to defend its legitimate rights and interests in the region. A Foreign Ministry statement, however, also renewed a call by Ankara for dialogue to …
Read More »Hungary to Join TurkStream Gas Pipeline via Serbia
A Hungarian firm announced Saturday it will join the TurkStream gas pipeline, running from Russia to Turkey. MOL said it will join the gas pipeline through Serbia. The regulator approved a 10-year development plan that includes the construction of a new Serbian-Hungarian gas inter-connector, with a capacity of 6 billion …
Read More »Iran Eyes 100 mt Petchem Output in 1399
Iranian Minister of Petroleum Bijan Zangeneh said the country’s petrochemical production capacity was planned to cross 10 million tons per year in the current Iranian calendar year which began on March 20. Speaking to Eqtesad Radio Channel, Bijan Zangeneh underlined the most important plans of the Iranian Ministry of Petroleum …
Read More »Gas Flow Halted Due to Turkey’s Lack of Cooperation
Iranian Oil Minister Bijan Namdar Zanganeh criticized Turkey's lack of cooperation on repairmen of the blasted Iran-Turkey natural gas pipeline.
Read More »Zanganeh Criticizes Turkey’s Lack of Coop. on Repairing Joint Gas Pipeline
Iran’s oil minister on Monday criticized Turkey’s lack of cooperation with Iran on having the blasted Iran-Turkey natural gas pipeline repaired. In an interview with state-run radio, Zanganeh said Turkey had “not welcomed” Iran’s offer to repair a natural gas pipeline inside Turkey that was damaged by a blast in …
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