Thursday, April 2, 2026

Business - Page 25

Egypt revises 2040 renewable energy target to 40%, keeps focus on gas

Egypt has scaled down its renewable energy target for 2040 to 40% from a previous goal of 58%, Petroleum Minister Karim Badawi said on Sunday, noting that natural gas would remain...

Türkiye expects ‘concrete developments’ on gas hub within months

Energy and Natural Resources Minister Alparslan Bayraktar on Thursday said Türkiye anticipates 'concrete developments' regarding the planned regional natural gas hub project in the...

Oil surplus looms, IEA says as it reassures on Iran supply risk

The global oil market is likely to experience a significant surplus in the new year, the International Energy Agency (IEA) said on Tuesday, as it reassured markets that it is prepa...

Türkiye’s green ambitions to attract substantial investment: IFC

Türkiye's efforts to expand the role of renewables in its energy mix offer a 'unique opportunity' to attract substantial foreign investment, a senior official from the Interna...

Türkiye’s Vestel aims to be global player in EV, mobility ecosystem

Türkiye's leading electronic company and appliances maker Vestel aims to be one of the world's most important suppliers in the electric vehicle and mobility ecosystem, ac...

Türkiye’s BOTAŞ in talks with Iran’s NIGC for long-term gas supply

Turkish state energy company BOTAŞ said on Wednesday that it had held talks with Iran's national natural gas company NIGC, discussing issues of cooperation between the two com...

Swedish battery maker Northvolt to cut 1,600 jobs

Sweden's cash-strapped electric car battery maker Northvolt said on Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slo...

Türkiye inks LNG deal with TotalEnergies to diversify supply mix

Türkiye on Wednesday announced a 10-year deal to receive liquefied natural gas (LNG) from French firm TotalEnergies beginning in 2027, as the country seeks to diversify its source...

Türkiye’s BOTAŞ inks 10-year LNG supply deal with Shell

The Turkish state energy company BOTAŞ and British oil major Shell signed a 10-year liquefied natural gas (LNG) agreement on Monday, Energy and Natural Resources Minister Alparslan...

Putin hints at using TurkStream if Ukraine halts gas transit

Russian President Vladimir Putin said on Thursday that Russia aims to keep pumping gas via Ukraine to the European Union but added that Moscow could not force Kyiv to keep the tran...

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