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Iraq Views Turkey as Alternative for Basra Oil Exports

Δευ, 11 Νοεμβρίου 2019 - 17:35

Iraq is targeting Turkey as one of a possible export route alternatives for oil transportation from the oil-rich Basra region that has seen its exports hamper due to protests in the country, Iraqi Oil Minister Falah Alamri Jassim told Anadolu Agency on Monday.

Bulgaria Becomes Part of the Common European Electricity Market

Δευ, 11 Νοεμβρίου 2019 - 17:30

Bulgaria joins the common European electricity market, the Electricity System Operator announced. Together with Croatia, the Czech Republic, Hungary, Poland, Romania and Slovenia, Bulgaria will now be involved in unifying the electricity markets.

The Ιnfluence of Pipelines on Regional Politics

Δευ, 11 Νοεμβρίου 2019 - 17:21

In our recently recently released book Does Energy Cause Ethnic Wars?: Natural gas and regional conflicts in the the East Mediterranean and Caspian Sea, Andreas Stergiou and I attempted to appraise the role of natural gas as well as the question of whether the prospect of economic benefits resulting from the development of energy resources can be an incentive for peace or a catalyst for war for those having to live through the ongoing power game in the Caspian Sea and the Eastern Mediterranean.

Turkish Drillship Fatih to Resume Drilling in East Med.

Τετ, 6 Νοεμβρίου 2019 - 19:59

Turkey's drilling vessel, Fatih, will soon restart drilling in the Mediterranean Sea to continue oil and national gas exploration activities, Turkey's Energy and Natural Resources Minister Fatih Donmez announced Wednesday.

Volkswagen Has Started Manufacturing the ID 3 Electric Cars

Τετ, 6 Νοεμβρίου 2019 - 19:51

The Volkswagen automotive concern has started manufacturing electric vehicles ID 3, according to the German newspaper Spiegel. The manufacturing is in the city of Zwickau.

Electricity Prices for Households in Serbia to Go up 3.9% on December 1

Δευ, 4 Νοεμβρίου 2019 - 20:21

Electricity prices for households in Serbia will be increased by 3.9% on December 1, while prices for industrial consumers remain unchanged, according to energy minister Aleksandar Antić.

Saudi Aramco Prepares for $2T IPO in Tadawul on Dec. 11

Δευ, 4 Νοεμβρίου 2019 - 20:04

After three years of delays and uncertainties, Saudi Arabia's crown jewel, Aramco, finally received regulatory approval on Sunday for its scheduled listing on Dec. 11 in the Saudi stock exchange Tadawul, potentially the world's biggest initial public offering (IPO).

Exxonmobil Net Income, Revenue Down in Third Quarter

Παρ, 1 Νοεμβρίου 2019 - 20:37

ExxonMobil saw its net income and revenue decline in the third quarter of 2019 due to low oil prices and high growth related expenses, according to the financial results statement released by the company on Friday.

Turkey Has 70 GW of Offshore Wind Potential: World Bank

Παρ, 1 Νοεμβρίου 2019 - 20:35

Turkey has nearly 70 gigawatts (GW) of technical potential for offshore wind, according to a new World Bank Group report, Going Global: Expanding Offshore Wind in Emerging Markets, released Thursday.

SOCAR AQS Completes Well Drilling in Bulla-Deniz Field

Παρ, 1 Νοεμβρίου 2019 - 20:33

SOCAR AQS, an integrated drilling and well services management company in Azerbaijan, successfully completed well drilling in the Bulla-Deniz field located in the Caspian Sea on behalf of Azneft Production Unit, the company announced on Friday.

BP's Third-Quarter Profits Fall 41%

Τετ, 30 Οκτωβρίου 2019 - 20:28

BP's profit for the third quarter of 2019 amounted to $2.3 billion, down from $3.8 billion a year earlier due to lower upstream earnings from weaker oil prices, and maintenance and climate impacts, the company announced on Tuesday.

Turkey Needs to Focus on Gas Production Projects

Τετ, 30 Οκτωβρίου 2019 - 20:23

Turkey needs to focus on gas exploration and production in international projects from the second half of 2020, the Chair of the Institute for Energy Markets and Policies (EPPEN) Volkan Ozdemir said on Wednesday.

Costis Stambolis's Νew Βook on Οil and its Ρredicament Ρresented at Special Εvent in Athens

Τρι, 29 Οκτωβρίου 2019 - 14:20

Talking to a packed audience at a book publishing event held in the "Public" bookstore in central Athens on on Monday, October 21, Costis Stambolis explained the reasons which prompted him to write what turned out to be a treatise on the role of oil in the shaping of modern society and its cardinal importance for the economy.

Nordex Aims to Empower Women in Turkey's Wind Sector

Δευ, 28 Οκτωβρίου 2019 - 18:52

German wind turbine manufacturer Nordex’s Turkey branch, Nordex Enerji AS, in partnership with Turkish Women in Renewable and Energy Network (TWRE), aims to enhance Turkish young women’s participation in the wind energy sector through a new training program.

IMF Revises Down Middle Eastern Oil Exporters' Growth

Δευ, 28 Οκτωβρίου 2019 - 18:10

The economic growth forecast for oil exporting countries in the Middle East has been revised down for 2019, the International Monetary Fund (IMF) said Monday in its report titled Regional Economic Outlook:

Bank Funding of € 200 Million Provided for Balkan Stream

Πεμ, 24 Οκτωβρίου 2019 - 20:06

Bank financing was provided for the construction of Balkan Streamin the form of a secured loan of EUR 200 million. This was reported by Bulgartransgaz. The system operator announced that it had successfully completed the loan procedure, BTA reported.