Tag Archives: Turkey

Kazakhstan’s state oil firm Kazmunaygas (KMG) is reportedly in advanced discussions with the trading arm of Azerbaijan’s state firm SOCAR to allow 1.5 million tons per year of Kazakh crude to be sold through the Azeri pipeline that delivers oil to Turkey’s Mediterranean port of Ceyhan. Kazakh oil is expected …

Turkey on Tuesday (9 August) sent its newest drill ship on the first eastern Mediterranean energy exploration mission in nearly two years. The search for natural gas in energy-rich waters around the divided island of Cyprus has turned into an irritant in Turkey’s ties with the European Union. President Recep …

Turkey’s President Tayyip Erdogan and Russia’s President Vladimir Putin agreed on Friday to bolster cooperation after a four-hour meeting, a joint statement from the two nations has revealed as cited by Reuters. As part of the deal, which would increase cooperation in the transportation, agriculture, finance, and construction industries and …

Türkiye has become the primary market for Azerbaijan’s non-oil export, accounting for almost one-third of the oil-rich Caspian country’s non-oil products sold overseas. According to the results of the first five months of 2022, the share of Türkiye in the total non-oil exports of Azerbaijan settled at 32.8 percent, according …

Turkey plans to purchase more oil and gas from Iran amid greater energy needs and developing ties between the two countries, President Recep Tayyip Erdogan has announced. Making the remarks in an interview with the state-owned broadcaster, TRT Haber, on Monday, Erdogan said: “Turkey will increase its purchases of oil …

Turkey will resume gas exploration off its coast in the Mediterranean on 9 August, the energy ministry said Tuesday (26 July). “Turkish drilling ship Adbulhamid Han will start a mission in the Mediterranean on 9 August departing from the Mersin port” in the south of the country, it said in …

Tehran and Ankara agreed to start negotiations on a new gas exports agreement which would allow an increased supply of natural gas from Iran to Turkey for a period of 25 years starting in 2026. Talks on a new Iran-Turkey gas supply deal had started based on agreements reached between …

European natural gas prices fluctuated, with traders weighing the return of flows via Turkey against the risk of a further deterioration in supplies to the continent. Gas shipments via the TurkStream pipeline resumed after maintenance ended on Monday, Russia’s Gazprom said on Telegram. The link, which has an annual transport …

Turkey will start transferring 10 million cubic meters (mcm) of natural gas daily from the Sakarya Gas Field in the Black Sea to the national transmission system in the first quarter of 2023, the country’s president said on Monday. The production in Sakarya Gas Field will “hopefully reach its peak …

Turkey is lowering into the sea the first pipe that will deliver natural gas from the Sakarya field in the Black Sea to the land, Turkish Energy and Natural Resources Minister Fatih Donmez said. Turkey will invest almost $10 billion in the project to produce and transport 540 billion cubic …