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Turkey: Defense, aviation revenues reach $8.76B in 2018

- Last year, Turkey spent $1.45B for researches, development in defense field

home > Energy Diplomacy, Turkey 20.04.2019 09:16

Turkey: Defense, aviation revenues reach $8.76B in 2018

Turkey's defense and aviation revenues jumped by 31% to reach $8.76 billion year-on-year in 2018, an official announced on Friday.

Speaking at an award ceremony in the capital Ankara, Ismail Demir, the head of Defense Industries Presidency, said Turkey’s defense exports also soared by 20% to $2.2 billion during the same period.

'Last year, we spent $1.45 billion for researches and development in the defense field,' he said.

Employment in the defense industry sector surpassed 67,000 last year, Demir added.

Underlining the importance of developing and manufacturing original products, he said Turkey will continue its efforts to expand the sector.

Reporting By Aysenur Saglam

Writing By Gokhan Ergocun

Anadolu Agency

energy@aa.com.tr 


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Looking to replace Russia, Europe doesn't use LNG terminals at full capacity

- Last year, 380 million tons of LNG traded in the global market. About 80 million tons of this is purchased by Europe
29.03.2022 Natural Gas , Finance , Lng/Lpg , Energy Diplomacy , Europe , Eurasia , General

Russia orders gas payments in rubles by March 31

- Government, central bank, Gazprom company asked to switch to rubles payments for deliveries of gas to 'unfriendly countries'
28.03.2022 Natural Gas , International Relations , Eurasia

France holds talks with Saudi Arabia, UAE on diversifying Europe’s energy supplies

- Goal is to reduce continent’s dependence on Russian oil and gas
28.03.2022 International Relations , Europe , Middle East-Africa

EU leaders discuss energy prices on day 2 of summit

- Heads of state, government set to endorse new defense, security action plan on setting up 5,000-strong quick reaction force
26.03.2022 Energy Diplomacy , World , Europe , Eurasia

US, Europe's natural gas 'hope' to lead LNG exports by year end

- Currently 6 LNG terminals are operating in US, but more terminal expansions and new terminals are planned
25.03.2022 Natural Gas , Energy Diplomacy , Europe , Americas , General

Energy cooperation needed in E. Med. to ease dependence on Russian supplies

- In Turkish ministers' visit to Israel, discussions should take place on Turkish companies' involvement in energy field, retired Israeli ambassador says
25.03.2022 Natural Gas , Energy Diplomacy , Turkey , Europe , Middle East-Africa

Germany remains reluctant to ban energy imports from Russia

- Chancellor Olaf Scholz warns that energy sanctions could have negative effect on European economies
23.03.2022 Natural Gas , Oil , International Relations , Europe

US puts onus on Iran to decide to return to nuclear deal

- An agreement is neither imminent, nor is it certain, says State Department spokesman
23.03.2022 Nuclear , International Relations , Americas , Middle East-Africa

TotalEnergies to stop purchasing oil, petroleum products from Russia

- Decision due to worsening situation in Ukraine; company will cease further capital investment, activities in Russia
23.03.2022 Oil , International Relations , Europe , Eurasia

Fitch raises oil forecast to reflect rising risk of supply disruptions

- Brent oil price for 2022 is revised up to average $100 a barrel from $70 a barrel
23.03.2022 Oil , International Organization , World

Eni, Air Liquide to team up to decarbonize hard-to-abate industries in Europe

- Air Liquide to develop competitive carbon abatement solutions and Eni to identify most suitable permanent carbon storage locations in Med. Sea
23.03.2022 Renewable , Energy Projects , Europe

Emergency measures can cut daily oil demand by 2.7M barrels reducing supply crunch risk

- IEA chief warns immediate action is needed to reduce demand as the world could well face its biggest oil supply shock in decades
21.03.2022 Oil , International Organization , Europe , Middle East-Africa

UK, Saudi Arabia agree to 'collaborate to maintain stability in energy market'

- Prime Minister Boris Johnson meets Saudi Crown Prince Mohammed bin Salman in Riyadh
17.03.2022 Finance , International Relations

Nearly 3 million barrels per day of Russian oil could be shut in April

- International Energy Agency says losses could increase should restrictions or public condemnation escalate
17.03.2022 Oil , International Relations , International Organization , World

Global oil output rises by 960,000 barrels per day in February

- OPEC forecast remains unchanged for global oil demand in 2022, with growth of 4.2 million barrels per day, due to recent developments
16.03.2022 Oil , International Organization , World

Italian energy group Eni suspends oil and product purchases from Russia

- Company said last week it plans to sell stake in Blue Stream pipeline carrying Russian gas to Turkiye
11.03.2022 Oil , International Relations , Europe , Eurasia

UAE energy minister expresses commitment to OPEC output plan

- Show of support from UAE minister for OPEC plan comes after country’s ambassador to US said UEA supports production rise from OPEC+ group
11.03.2022 Oil , International Organization , World

Rosneft and Gazprom CEOs among seven oligarchs in UK sanctions

- UK sanctions more than 200 of Russia's most significant and high-value individuals, entities and subsidiaries since beginning of invasion
11.03.2022 Natural Gas , Oil , International Relations , Europe , Eurasia

Turkiye offers best option for East Med gas transit to Europe: former ambassador

- With gas supply concerns from Russia-Ukraine war, long-discussed pipeline option between East Med and Turkiye resurfaces, experts say
11.03.2022 Natural Gas , Energy Diplomacy , Turkey , Europe , Middle East-Africa

EU leaders to discuss Ukraine war, defense reforms

- Ukraine’s EU membership will also be on agenda of summit starting on Thursday afternoon in Versailles, France
10.03.2022 International Relations , Europe

Fear of Russian gas cuts is raising prices: expert

- Dependence of EU countries on Russian gas has been increasing rapidly since 2011
08.03.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

IEA confirms to release over 61 million barrels of oil from stocks

- Pledged amount of crude oil represents just 3% of total emergency reserves, says IEA
05.03.2022 Oil , International Organization , World

No release of radioactive material at Zaporizhzhia NPP, says UN's nuclear watchdog

- Radiation monitoring systems are fully functional, says director general of International Atomic Energy Agency
05.03.2022 Nuclear , International Organization , Europe

IEA proposes plan to reduce EU reliance on Russian gas supplies by one third

- Kadri Simson, European Commissioner for Energy, says EU Commission is also planning to propose a pathway next week
04.03.2022 International Organization , World

OPEC+ to keep output unchanged despite growing pressure to increase

- Next meeting of OPEC and non-OPEC members is scheduled for March 31
03.03.2022 Oil , International Organization , World

Russian gas flow to Europe on rise despite war

- Gazprom's gas exports via Ukraine rise from 62 mln. cubic meters on Feb. 23 to 110 mln. cubic meters on Feb. 25, a day after attacks began
03.03.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia

Natural gas prices increase as Russia-Ukraine battle rages

- Natural gas price for April futures contracts on TTF opens at €129, posting 9.5% rise compared to previous trading session
03.03.2022 Natural Gas , International Relations , Europe

60M oil barrels to be released from emergency stocks: Int. Energy Agency

- IEA members hold emergency stockpiles of 1.5 billion barrels and pledge equivalent of 2 million barrels a day for 30 days
02.03.2022 Oil , International Organization , World

bp's decision to quit Rosneft shareholding 'destroys 30-year cooperation': Rosneft

- Norway's energy giant Equinor also announces decision to pull out of Russia
01.03.2022 International Organization , News from companies , World , Europe , Eurasia , General

European gas prices rise with SWIFT ban on Russia

- Natural gas prices for April futures contracts opens at €125, with 32% rise compared to previous session
01.03.2022 Natural Gas , International Relations , Eurasia

OPEC+ under pressure to pump more oil due to supply risks from Russia-Ukraine crisis

-Experts warn of record price surges if OPEC+ insists on current production levels
28.02.2022 Oil , International Organization , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil, gas revenue-reliant Russia will not forgo European market

- Europe can survive without Russian gas, but may do so with much higher energy prices, says expert
25.02.2022 Natural Gas , Oil , Energy Diplomacy , Europe , Eurasia , General

Qatari Emir calls for international dialogue for energy security

- Sheikh Tamim bin Hamad Al Thani's remarks come during his keynote speech at sixth Gas Exporting Countries Forum (GECF) in Doha
22.02.2022 Natural Gas , International Relations , World

'Russia will not cut gas supplies to Europe', experts says

- High energy prices are bi-product of Commissions' policies and have little to do with Russia or Gazprom, says expert
23.02.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Lukoil increases its share in Shah Deniz gas field

- Gas from Shah Deniz is sold to Georgia and Turkey, and delivered to Europe since end of 2020
20.02.2022 Natural Gas , Invesments , International Relations , Energy Projects , Eurasia

Oil prices continue descent as US-Iran talks near end

- Conclusion to nuclear talks could lead to Iranian oil supplies returning to global market
19.02.2022 Oil , International Relations , Americas , Middle East-Africa

Iran needs nuclear energy, not nuclear bomb: Khamenei

- Iran's supreme leader says world is becoming increasingly reliant on nuclear energy
19.02.2022 International Relations , World , Europe , Middle East-Africa

Oil prices retreat on positive progress in US-Iran talks

- US commercial crude oil inventories rise by 1.1 million barrels against expectation of 1.8 million-barrel draw
17.02.2022 Oil , International Relations , Americas , Middle East-Africa

Europe can survive winter without Russian gas: EC Chief

- Europe is currently in talks with several countries that are ready to step up their exports of LNG to EU, says von der Leyen
17.02.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Gas prices in Europe up 14% due to Ukraine crisis

- Natural gas contracts start first trading day of week with 14% increase to €88 per megawatt-hour
15.02.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Europe's gas storage levels fall to 37.5% in January 2022

- Italy has the most natural gas in Europe with 10 billion cubic meters (47%), Germany follows with 8.7 billion cubic meters
09.02.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Rosneft signs 10-year deal with China for shipment of 100 million tons of oil

- Oil to be processed in refineries in China
05.02.2022 Oil , International Relations , Eurasia , Asia

OPEC+ keeps production unchanged for March

- Next meeting of OPEC and non-OPEC members is scheduled for March 2
03.02.2022 Oil , International Organization , World

Energy crunch: what are EU's options in case of scarce Russian gas?

- Escalation in tension between Russia and Ukraine fuels worries over a new energy crisis in EU
29.01.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia

Russian natural gas halt strikes major blow to EU economy: study

- 'Half a winter without Russian imports could be difficult, but running EU for several years without Russian gas would be hugely challenging,' study finds
29.01.2022 Natural Gas , International Relations , World , Europe , Eurasia

Shell’s carbon capture plant emits more CO2 than it captures, study finds

-Shell says it captures 5 million tonnes of greenhouse gases although Global Witness research shows it actually emits 7.5 million tonnes of gases
27.01.2022 Oil , International Relations , World

Energy transition may shave 2% off global GDP by 2050: WoodMac

- Countries with higher carbon dependent economies will face more severe economic consequences of energy transition, report says
21.01.2022 Oil , International Organization , World

Turkish-German energy partnership website launches

- Partnership intensifies German-Turkish collaboration through exchange of experience and by initiating specific pilot projects
20.01.2022 Finance , Renewable , Energy Diplomacy , Turkey , Europe
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