TotalEnergies has signed an agreement with Rönesans Holding to acquire a 50% stake in Rönesans Enerji and jointly develop, through this joint-venture, renewable projects in Turkey, which is a liberalised growing electricity market. Rönesans Enerji is currently operating a portfolio of 166 MW hydro assets. The company has as well …
Read More »Iraqi, Turkish Officials to Discuss Oil Exports Resumption from Northern Iraq
The Undersecretary of the Iraqi Oil Minister, Basim Mohammed Khudair, stated on Thursday that a Turkish delegation will meet with Iraqi officials in the oil sector in Baghdad on June 19 to discuss the resumption of oil exports from northern Iraq. Khudair elaborated that the two parties agree that it …
Read More »Azerbaijan to Increase Gas Supplies to Turkey by about 17%
With the expansion capacity of the Trans-Anatolian Natural Gas Pipeline (TANAP) Project, Azerbaijan will correspondingly increase its gas exports to Turkey to 10.2 billion cubic meters (bcm) per year, Azerbaijan’s Ambassador to Türkiye, Rashad Mammadov, told Anadolu Agency in an exclusive interview. According to the Natural Gas Market 2022 Sector …
Read More »Iraq Negotiating with Turkey for Kurdistan Region’s Oil Re-exports
Iraq is negotiating with Turkey to resume pumping oil exports from the Kurdistan region, confirmed by Iraqi Oil Minister Hayan Abdul-Ghani on Friday. He also emphasized that the OPEC+ coalition is committed to making decisions that achieve balance in the oil market and serve the interests of consumers, producers, and …
Read More »Iraq: Kurdish Region Loses $1.5bn since Oil Exports to Turkey Stopped
The Kurdistan Regional Government in northern Iraq has lost more than $1.5 billion since oil exports to Turkey were stopped, according to a report published on Tuesday by the US financial website Zero Hedge. Oil production in the region under KRG rule has continued to decline, extending a stoppage that …
Read More »Iraq Says Waiting on Final Answer from Turkey to Resume Oil Exports
Iraq is waiting on a final answer from turkey to resume its northern oil exports through the Mediterranean port of Ceyhan, the country’s oil minister said Tuesday. Hayan Abdel-Ghani’s remarks come as oil production in Iraq’s semi-autonomous Kurdistan Regional Government (KRG)-ruled region continues to drop as export flows to Turkey’s …
Read More »Turkey to Explore Oil in Eastern Black Sea
Turkey will conduct oil exploration activities in the eastern Black Sea, Energy and Natural Resources Minister Fatih Donmez has said, adding that finding oil in this area is likely. Oil exploration activities are presently concentrated off the coast of the province of Zonguldak and seismic studies off the coast of …
Read More »Turkey Discovers Oil Reserve with 100k Barrel per Day Capacity
Turkey’s President Recep Tayyip Erdoğan has announced a fresh discovery of a new oil reserve in the country’s eastern region. “I’d like to share some fresh good news. We have discovered oil reserves with a production capacity of 100,000 barrels per day in Cudi and Gabar,” the president said on …
Read More »Iran Exports over 1.5 bcm Natural Gas to Turkey in 2023 First Quarter
According to the statistics office of the European Union (Eurostat), Iran exported 1,567 billion cubic meters of natural gas to Turkey in the first quarter of 2023. The figure has dropped by 17% compared to the same period in 2022. Iran exported 1,891 billion cubic meters of gas to Turkey …
Read More »Major Turkish Gas Discovery to Start Transmission this Week
Less than a month before general elections that will decide the fate of Turkish President Recep Tayyip Erdogan, the government has announced that a natural gas discovery in the Black Sea will start production and deliveries as soon as April 20, helping the country move towards energy independence. The discovery, …
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