Thursday, April 17, 2025

Business

Top US diplomat, KRG PM discuss Türkiye-Iraq oil pipeline

The U.S. and Iraq's Kurdistan Regional Government (KRG) held talks Friday on reopening the Iraq–Türkiye Pipeline, according to the State Department. Secretary of State Marco...

Türkiye hikes gas output from vast Black Sea reserve to 8.8 mcm

Türkiye has increased the daily production from a vast natural gas reserve off its Black Sea coast to 8.8 million cubic meters (mcm), a top energy official announced on Friday. Th...

Türkiye, Azerbaijan, Bulgaria, Georgia ink green power trade project deal

Türkiye, Azerbaijan, Bulgaria, and Georgia signed on Friday a deal under a project aimed at modernizing power transmission systems, enabling the trade of electricity produced from...

Türkiye, Somalia sign deal for onshore hydrocarbon exploration

Türkiye's national oil company and Somalia's petroleum authority signed on Thursday an agreement for hydrocarbon exploration and production covering Somalia’s onshore ter...

Oil prices drop to lowest since 2021 as latest tariffs come into effect

Oil prices dropped for a fifth day on Wednesday, hitting their lowest level since February 2021, after U.S. President Donald Trump's 'reciprocal' tariffs took effect, includin...

Türkiye steps up energy footprint with Pakistan offshore exploration bid

Türkiye plans to increase its presence in international oil and gas exploration and production projects, a top energy official said on Wednesday, as the nation now seeks to join th...

Russia tightens restrictions on Black Sea oil export ports

Russia, the world's second-largest oil exporter, tightened restrictions on its oil exports on Wednesday by suspending operations at a mooring in the Black Sea port of Novoross...

Egypt, France sign nearly $7.7B deal to develop green hydrogen plant

Egypt and France have signed a 7 billion euro ($7.68 billion) agreement to work together to develop, finance and operate a green hydrogen production facility, Egypt's Transpor...

Investments in battery sector in Türkiye exceed $1B in 2024

Türkiye has introduced incentives and regulations to achieve a storage target of 80 gigawatt-hours (GWh) by 2030, while the energy sector's agreements to establish cell and ba...

Qatar pledges to stop EU gas sales if fined under diligence law

Qatar will halt shipments of gas to the EU if member states strictly enforce a new law cracking down on forced labor and environmental damage, the country's energy minister, S...

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