Turkey insists on right to drill for energy reserves off Cyprus
Tensions over energy resources in the eastern Mediterranean have risen sharply after Turkey said it would “exercise its sovereign rights”…
Transgaz: Works on the BRUA gas pipeline accelerated
Transgaz claims that work at BRUA is accelerating, and the deadline for completion is kept on for December 31, 2019.…
Turkey presses banks to agree high-stakes bailout of bad energy loans
Turkey’s plan to clean up some $13 billion in bad energy loans, one of the worst hangovers from last year’s…
Turkey’s energy sector has $12-13 bln worth of problem loans
Turkey’s energy sector has $12-13 billion worth of loans that require restructuring, out of a total $70 billion total sector…
Romania loses yet again VW for Bulgaria or Turkey
Although Romania was on the VW list for a new factory, it appears that it lost again, this time for…
No-deal Brexit will hit Eastern Europe trade: EBRD
Trade in a host of Europe’s emerging economies and nearby Turkey will be hit if Britain crashes out of the…
After Italy, Turkey’s economy enters technical recession
Turkey, a major emerging economy once perceived as a rising star by international investors, entered a technical recession (two consecutive…
Turkey to reduce dependence on foreign energy: Erdoğan
President Recep Tayyip Erdoğan said on Feb. 16 that Turkey aims to reduce its dependence on foreign energy source. Speaking…
Trans Adriatic Pipeline completes €3.9bn project financing, €1bn from EBRD
The Trans Adriatic Pipeline (TAP) is announcing financial close today, with €3.9 billion secured from public and private lenders. The…
Bulgaria expects official letter from Gazprom on TurkStream route – govt official
Bulgaria expects to receive an official letter from Gazprom about the Russian company’s decision for the construction of a string…
Turkey warns companies against energy exploration with Greek Cypriot government
Turkey warned energy companies on Sunday against working with the Greek Cypriot government in carrying out exploratory drilling in the…
Turkey opens tender for four wind energy power plants
Turkey’s Ministry of Energy and Natural Resources opened a tender to build four wind energy power plants with a total…
Cyprus urges Turkey to cooperate on energy, but peace first
Cyprus is ready to work with Turkey on exploiting the east Mediterranean’s potential oil and gas wealth, as long as…
Turkey vows to buy Iranian energy, setting up confrontation with USA
Turkish President Recep Tayyip Erdogan’s vow to continue purchasing Iranian natural gas despite sanctions imposed by the United States will become…
TurkishStream pipeline nearly complete: Gazprom
The TurkStream pipeline, due to supply Russian gas to Turkey via the Black Sea from next year, is already 80…
Ondřej Šafář, CEZ România: România is the most attractive market in the region
Since August 1, Ondřej Šafář is the new Country Manager of CEZ in România, replacing Martin Zmelik, who has led…
Turkish firms and government face $3.8 billion bond crunch in Oct – SocGen
Turkey and its firms face repayments of nearly $3.8 billion (£2.99 billion) on foreign currency bonds in October as the…
Weak Turkish lira may favour SOCAR expansion plan
SOCAR wants to reach a 20% share of Turkey’s gas market, and the country’s recent economic woes are likely to…
Turkey will build its third nuclear power plant next to Bulgaria with Chinese technology
Turkey’s president said that the country will build a third nuclear power plant. During a live question-and-answer social media broadcast…
World Bank, AIIB allocate $1.2b loan to Turkey for natural gas storage facility
urkey’s ever-growing energy industry continues to draw investments from international institutions. The World Bank and Asian Infrastructure Investment Bank (AIIB)…
OMV pulls out of electricity generation in Turkey
Austrian gas and oil group OMV has agreed to sell its gas power plant Samsun in Turkey to Turkish investment…