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Petroleum / Mining in Turkey

  • Russia can encounter problems with gas supply via Turkish Stream

    RUSSIA, 2015/05/23 Russia can encounter problems with gas supply via the Turkish Stream, Sergey Pravosudov, director of the Russian National Energy Institute, told Trend. He recalled that Russia and the European nations have long-term contracts on gas supply, most of which are active until 2019, the year at the same time as the term of the arrangement for the transit of Russian gas through Ukraine expires.

  • Turkey explores for oil in Iraqi Kurdistan

    IRAQ, 2015/03/30 Turkey said Monday it has clinched deals to explore for oil in Iraqi Kurdistan, a venture made possible by agreements with the central Baghdad government and the autonomous region. "We own blocs in the foothills of the Qandil mountains as part of contracts we concluded with Baghdad and northern Iraq," Energy Minister Taner Yildiz was quoted as saying by the national-run Anatolia news agency. The inhospitable region has long been the base of Turkish Kurds fighting for a separate national in bordering southeastern Turkey, but the move comes as momentum gathers for a historic peace accord to end the separatist conflict that has claimed some 40,000 lives.

  • EU-to-Extend-Southern-Gas-Corridor-from-Azerbaijan

    EUROPEAN UNION, 2015/03/18 The European Commission is confident in the joint commitment to the successful implementation of the Southern Gas Corridor, which is designed to transport gas from the Caspian region to the EU markets, the Commission’s spokesperson told Trend. “The Commission is confident in the joint commitment to the successful implementation of the Southern Gas Corridor, as well in the context of the recent Southern Gas Corridor Advisory Council conference held in Baku last February,” the spokesperson said. With regard to the laying of the foundation for the TANAP’s (Trans Anatolian gas pipeline) construction in the Turkish province of Kars on March 17, the spokesperson said that the Commission Vice President Maroš Sefcovic’s visit to the groundbreaking ceremony of this pipeline underlines the importance of the Southern Gas Corridor to the EU.

  • Ankara seeks to bring Turkmen gas to world markets

    TURKMENISTAN, 2015/03/06 Turkish partners show great interest in joint supply of the Turkmen energy resources to the world markets, Turkmen President Gurbanguly Berdimuhamedov said March 4, Turkmen Altyn Asyr TV channel reported. President Berdimuhamedov paid an official visit to Turkey on March 3-4. President Berdimuhamedov confirmed the huge prospects available for the cooperation between the two nations in the above-mentioned area, which are of strategic importance.

  • Russia-Turkey deal leaves TANAP unaffected

    RUSSIA, 2014/12/17 Turkey has once again voiced its commitment to the regional cooperation, namely its energy ties with Azerbaijan, noting that accomplishment of the Trans-Anatolian gas pipeline project is part its major priorities. Russian gas supplies to Turkey are not an alternative to Azerbaijani gas to be transported through the TANAP, Turkish Minister of Energy and Natural Resources Taner Yildiz said on December 11. He added that EU nations have repeatedly expressed their concern over the construction of a new gas pipeline from Russia to Turkey and its possible affects on the implementation of the TANAP project. “But this will not affect the TANAP project,” Yildiz stressed.

  • Turkish Energy Minister Taner Yildiz

    AZERBAIJAN, 2014/06/10 Turkey does not plan to increase its stake in Azeri-Turkish Trans Anatolian Natural Gas Pipeline Project (TANAP), Turkish Energy Minister Taner Yildiz said. In the sidelines of a signing ceremony of SOCAR's Star Refinery's $3.3 billion credit in Istanbul, Yildiz stated that Turkey will keep its 30% stake in TANAP. "The share in TANAP is sufficent for Turkey. We're not planning to change our share in TANAP before it become operational in 2018." In late last month, Energy Minister Taner Yildiz and Azerbaijani Energy Minister Natig Aliyev signed an agreement in Istanbul on increasing Turkey's share in the TANAP project up to 30%. Azerbaijan's National Oil Company (SOCAR) sold 10% out of its 80% share to the Turkish national-owned BOTAS pipeline company. Following deals with BP - major shareholder in Shah Deniz - and BOTAS, the stake of SOCAR in TANAP will stand at 58%.

  • Turkey's mining sector exports reach 3.3 billion USD

    TURKEY, 2013/09/11 Turkish mining sector's exports reached 3.3 billion USD in eight months of 2013, as World Bulletin website reported. Istanbul Minerals and Metals Exporters' Association (IMIB) stated that Turkish mining industry continues to provide added price into Turkish economy with success in export.

  • Genel Energy Riding High on Kurdistan, Africa

    IRAQ, 2013/05/08 Genel Energy (GENL) is hot right presently, with new April finds in Northern Iraq, a targeted uptick in production here, inclunding a new gas-to-oil pipeline conversion approaching on line this year. The new feather in its cap is the securing of a rig arrangement for offshore drilling in its Africa portfolio.

  • Turkish Minister of Energy and Natural Resources Taner Yildiz

    TURKEY, 2013/01/25 Oil and gas reserves were discovered in 17 wells during a drilling operation searching for hydrocarbons conducted in Turkey in 2012, Minister of Energy and Natural Resources, Taner Yildiz said, Haber 7 reported on Thursday. According to the minister, 57 wells have been drilled within an exploration operation of which 11 have oil reserves and six natural gas reserves.

  • Iran daily gas exports to Turkey

    IRAN, 2012/12/31 Iran daily gas exports to Turkey has hit a record of 31.5 million cubic meters, Press TV said quoting Iran’s Deputy Oil Minister for Gas Affairs Javad Owji. As per agreement between the nations, Iran should export up to 30 mcm per day of gas to its north-western neighbour.
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