Turkish State Energy Companies to Invest $1.5B in 2019

Turkish State Energy Companies to Invest $1.5B in 2019

Turkey’s state-owned energy companies are expected to make 8.40 billion Turkish liras ($1.48 billion) of investments next year, a presidential decree revealed on Wednesday. According to the decree published on the Official Gazette, a total of eight energy companies will make these investments

Dispersed Renewables Key to Turkey's Transit Cost Cuts

Dispersed Renewables Key to Turkey's Transit Cost Cuts

Turkey's energy system could benefit from greater distribution of renewable energy plants to various parts of the country in an effort to reduce transmission costs while also allowing investors achieve better returns on their investments, the Chairman of the Steering Committee of the SHURA Energy Transition Center said Tuesday

Balkan Energy Regulators Establish Advisory Forum

Balkan Energy Regulators Establish Advisory Forum

National energy regulators of Bulgaria, Greece, Serbia, Macedonia,and Montenegro have signed an agreement on the establishment of a permanent advisory forum

Iran Selling Oil to New Customers: Vice President

Iran Selling Oil to New Customers: Vice President

Iran has found new customers for its oil amid negotiations with traditional buyers to circumvent sanctions, Shana reported Iran's First Vice President Eshaq Jahangiri as saying on Sunday

Turkey Opens Up 7 Coalfields to Private Investors

Turkey Opens Up 7 Coalfields to Private Investors

Turkey opened seven large coalfields to private investors with the aim of reducing the country's current account deficit, which had been negatively impacted by energy imports, according to Turkish Energy and Natural Resources Minister in Ankara on Thursday

S.Aramco, Total to Build Giant Petrochemical Complex

S.Aramco, Total to Build Giant Petrochemical Complex

Saudi Aramco and Total signed a joint development agreement on Monday for the front-end engineering and design (FEED) of a giant petrochemical complex in Jubail, on Saudi Arabia's eastern coast, according to a joint press release from the companies

Norway's Giant Field Johan Sverdrup Powered from Shore

Norway's Giant Field Johan Sverdrup Powered from Shore

The Norwegian Minister of Petroleum and Energy officially opened the power-from-shore solution to provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years, Equinor announced on Tuesday

Turkey's Gas Consumption to Decrease by 3.7% in 2018

Turkey's Gas Consumption to Decrease by 3.7% in 2018

Turkey's natural gas consumption will decrease by around 2 billion cubic meters by the end of this year to 52 billion cubic meters, compared to 2017, according to Yasar Arslan, chairman of the Union of Natural Gas Distribution Companies of Turkey (GAZBIR) on Wednesday

GE to Supply 4 Nuclear Turbine Islands for Egypt

GE to Supply 4 Nuclear Turbine Islands for Egypt

GE Power won a contract to supply equipment for four nuclear turbine islands for Egypt's first nuclear power plant, El Dabaa through AAEM, its joint venture with Atomenergomash, GE announced Tuesday

Eni, BP, NOC Agree to Resume Oil Exploration in Libya

Eni, BP, NOC Agree to Resume Oil Exploration in Libya

Libya's National Oil Corporation (NOC), BP and Eni signed an agreement on Monday that will launch a process for Eni to acquire a 42.5 percent stake in BP's Exploration and Production Sharing Agreement (EPSA) in Libya

Total, Sonatrach Sign Gas, Petrochemical Deals

Total, Sonatrach Sign Gas, Petrochemical Deals

Algerian state-owned energy company Sonatrach and Total signed two agreements to develop their partnership in natural gas and the petrochemicals industries in Algeria, the French energy giant announced Sunday