English Edition

Turkey's Energy Import Bill up 10.6% in March 2019

Τρι, 30 Απριλίου 2019 - 15:18

Turkey's energy import bill increased by nearly 10.6% to over $3.7 billion in March compared to the same month of 2018, according to data released by the Turkish Statistical Institute on Tuesday.

BP Profits Fall in 1Q19 Due to Oil Price Volatility

Τρι, 30 Απριλίου 2019 - 15:14

BP's profit for the first quarter of 2019 totaled $2.4 billion, down from $2.6 billion a year earlier, due to the weaker price and margin environment at the start of the quarter, the company announced on Tuesday.

Canada's Valeura Energy Encouraged by Thrace Gas Find

Παρ, 26 Απριλίου 2019 - 18:28

Data from Turkey-focused Canadian energy company Valeura Energy confirms positive results from its unconventional drilling near the Yamalik-1 and Inanli-1 wells in Turkey's Thrace region, the company announced on Friday.

World's First Floating Nuke Plant Ready For Operation

Παρ, 26 Απριλίου 2019 - 18:25

The world's first and only floating nuclear power plant (FNPP), Akademik Lomonosov, is ready to start commercial operations in the Russian Arctic coast, the country's Atomic Energy Corporation Rosatom announced on Thursday.

Turkish People Favor Foreign Investment in Renewables

Τετ, 24 Απριλίου 2019 - 19:51

The majority of Turkish people want foreign investment in renewable energy resources, according to a survey conducted in April by E3G - an independent climate change think tank that aims to accelerate the global transition to a low carbon economy.

US Petroleum Product Exports Set New High in 2018

Τετ, 24 Απριλίου 2019 - 19:48

The U.S.' exports of total petroleum products set a record high for the 16th consecutive year in 2018, reaching an annual average of 5.6 million barrels per day (b/d), an increase of 366,000 b/d from 2017 levels, the country’s Energy Information Administration said Tuesday.

EU Regrets US Move to End Waivers on Iran Oil Imports

Τρι, 23 Απριλίου 2019 - 20:42

The European Union on Tuesday regretted the U.S. move to end sanctions waivers on Iran oil imports. Speaking at a media briefing, Maja Kocijancic, the EU Foreign Affairs and Security Policy spokeswoman said, the EU will continue to implement the nuclear agreement.

Turkey Slams US Move to End Waivers on Iran Oil Imports

Τρι, 23 Απριλίου 2019 - 20:38

Turkey’s foreign minister on Monday warned that Washington ending sanctions waivers on Iranian oil sales would do harm to regional peace. "The U.S. decision to end sanctions waivers on Iran oil imports will not serve regional peace and stability, yet will harm Iranian people," Mevlut Cavusoglu said on Twitter.

Turkey, US Accelerate Works to Boost Trade: Minister

Δευ, 22 Απριλίου 2019 - 21:24

Turkish and U.S. trade ministries is establishing a working group to achieve bilateral trade volume target, the country's trade minister said.

Saudi Aramco to Buy Shell's Share in SASREF Refining JV

Δευ, 22 Απριλίου 2019 - 21:21

Saudi Aramco will acquire Shell Saudi Arabia Refining Limited's 50 percent share in the SASREF refining joint venture in Saudi Arabia for $631 million, the two companies announced Sunday.

Equinor Invests in New Oil Platform in Azerbaijan

Παρ, 19 Απριλίου 2019 - 20:36

Norway's Equinor and eight partners agreed to invest $6 billion to build an additional oil platform for the offshore Azeri Chirag Gunashli (ACG) oilfield in the Caspian Sea, the company said on Friday. The investment decision follows an agreement with the government of Azerbaijan to extend the life of the ACG field until 2049.

Conocophillips Sells UK Exploration, Production Company

Παρ, 19 Απριλίου 2019 - 20:29

ConocoPhillips agreed to sell two of its U.K. subsidiaries to Chrysaor E&P Limited for over $2.6 billion, the company announced on Thursday. The subsidiaries indirectly hold the company’s exploration and production assets in the U.K. as well as associated decommissioning liabilities.

Russia Bans Oil Export to Ukraine

Πεμ, 18 Απριλίου 2019 - 17:12

Prime Minister Dmitry Medvedev on Thursday said he has signed a decree expanding Russian sanctions against Ukraine.