Turkey is loath to buy more oil from Saudi Arabia and the United Arab Emirates as the U.S. looks to squeeze exports from Iran. currently the third-largest supplier of crude to the Middle East’s biggest economy.
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Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors.
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Turkey is interested in supplying energy resources of the Caspian basin to the world markets.
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The Turkish government has always disagreed with US-led sanctions on Iran.
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The R&.D center will focus on the development of petrochemical products. materials. and energy efficiency.
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The total refining capacity of the refinery will be 10 million tons.
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TurkStream gas plans to run from Turkey to Bulgaria. then Serbia. Hungary and Slovakia.
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Expected announcement by ExxonMobil of discovery off island’s south coast seen as potential game changer.
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The project has a total capacity of 31.5 billion cubic meters.
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Turkey has already caused concerns in Cyprus. Greece and private companies due to its activity in the region.
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