Monday, February 16, 2026

Business - Page 19

Türkiye to deploy its FSRU abroad for 1st time in deal with Egypt

A Floating Storage and Regasification Unit (FSRU) owned by Türkiye's state firm, Turkish Petroleum Pipeline Corporation (BOTAŞ), will operate abroad for the first time under a...

Saudi Aramco reports 4.6% drop in Q1 net profits

Net profits of oil giant Saudi Aramco declined 4.6% in the first quarter, the company said on Sunday, citing lower sales and higher operating costs. Profits fell due to 'lower rev...

Türkiye plans to send 6 mcm of gas daily to Syria within 3 months

Türkiye plans to deliver 6 million cubic meters (mcm) of natural gas per day to Syria within the next three months to help generate electricity in the war-torn country, according t...

Oil prices plunge on output hike by OPEC+, surplus looms

Oil prices fell more than 1% on Monday after major oil producers, members of OPEC+ decided over the weekend to further speed up oil output hikes, spurring concerns about more suppl...

EU unveils road map to phase out all Russian gas imports by 2027

The European Commission presented on Tuesday a new road map, conveying officially plans to cease all imports of Russian gas to the European Union by the end of 2027 in an effort to...

Oil price plunge could ease Türkiye’s current account deficit burden

Falling oil prices, driven by escalating trade tensions between the United States and China, could offer much-needed relief to Türkiye’s current account balance, according to analy...

Syrian energy minister calls for investment, lauds Türkiye’s support

Syria is open to foreign investment across its energy sector, from exploration to mining. It welcomes Turkish companies to participate in the country’s postwar reconstruction, acco...

OPEC+ agrees to boost output in June despite falling oil prices

Top oil producers, members of OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, have agreed to accelerate oil production...

Türkiye holds strategic position in global energy equation: Erdoğan

Türkiye holds a strategic position in the global energy equation due to its natural resources, geographical location and proximity to hydrocarbon reserves, President Recep Tayyip E...

Türkiye’s TPAO, MOL join forces to explore hydrocarbons in Hungary

Türkiye's state-run energy company, Turkish Petroleum Corporation (TPAO), and Hungary's MOL Group signed a concession agreement granting rights for joint hydrocarbon expl...

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