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Turkey plans to start building Canal Istanbul in 2019

- Construction of artificial sea-level waterway will 'hopefully' start in 2019, says Turkish transport minister

15.11.2018 Finance , International Relations , Turkey , General

Price tag for US 'war on terror' pegged at $5.9T

- Analysis comes as congressionally-mandated report suggest US could lose conventional wars against Russia, China

15.11.2018 Finance , Americas , General

Global oil-gas mergers value increases by 77% in 3Q18

- 156 deals worth $37.5 billion were U.K. acquisitions and remaining 43, valued at $7 billion, were cross-border transactions

14.11.2018 Natural Gas , Oil , Finance , General

IRENA, Abu Dhabi Fund to boost renewable projects

- Abu Dhabi Fund for Development has allocated $350M for state-guaranteed renewable energy projects in developing countries

15.11.2018 Projects , Renewable , Energy Projects , General

OPEC crude output rises in October

- In October, global oil production remains steady at 100.7 mb/d while OPEC crude output rises 200 thousand b/d to 32.99 mb/d

15.11.2018 Oil , Finance , Downstream , Refining/Petro Chemistry , Europe , Americas , Middle East-Africa , General

Chinese premier says no winner in trade war with US

- China does not want to see flaws in global trade chain that can affect other countries, says Li Keqiang

14.11.2018 Finance , Energy Diplomacy , Asia , Americas , General

Stimulus would leave Italy 'very vulnerable', IMF warns

- IMF advises against Italy's planned fiscal stimulus, citing substantial downside risks

14.11.2018 Finance , General

UK Cabinet to meet over Brexit deal reached with EU

- Cabinet to meet on Wednesday to consider draft agreement, Downing Streets statement says

14.11.2018 Finance , Europe , General

Turkish-Russian trade in local currencies ‘necessary’

- Russian deputy minister of industry calls for mechanism to make use of ruble, lira popular in bilateral trade

13.11.2018 Finance , Energy Diplomacy , Turkey , Europe , General

Wind to be EU's largest power source well before 2030

- According to the IEA, wind electricity generation in the EU will more than triple to 1,100 terrawatt-hours by 2040

14.11.2018 Finance , Wind , Energy Diplomacy , General

Global oil production rises in October

- OPEC crude oil production in October increases by 127 thousand barrel per day to average 32.90 million barrel per day

14.11.2018 Oil , Finance , Upstream , Americas , Middle East-Africa , General

Iran official calls on EU to ‘act independently’ of US

- Former German FM, for his part, stresses EU’s commitment to 2015 nuclear deal with Tehran

13.11.2018 Electricity , Finance , Americas , Middle East-Africa , General

Iran ready to protect oil tankers: Military official

-U.S. said it would seek to reduce Iranian oil revenues to zero

13.11.2018 Finance , Energy Diplomacy , Middle East-Africa , General

Eni sells 20% stake in Egypt's Nour to Mubadala Petrol.

- Eni further strengthens its ties with Mubadala Petroleum, building on the successful partnership in the Shorouk concession

13.11.2018 Finance , Energy Projects , Europe , Middle East-Africa , General

Turkey's current account balance posts surplus in Sept.

- In September, current account balance records $1.83B-surplus, improving from $4.4B deficit in same month last year

12.11.2018 Finance , Turkey , General

Brent oil rises above $71 for week beginning Nov. 12

- Brent oil starts the week with a 2.62 percent price rise to $71.47 on Monday while WTI trades at $60.98 at 06.28 GMT

12.11.2018 Oil , Finance , Downstream , Americas , Middle East-Africa , General

OPEC’s JMMC reports 104% conformity level in October

- 2019 prospects point to higher supply growth than global requirements due to current uncertainties, says Monitoring Committee

12.11.2018 Oil , Finance , Americas , Middle East-Africa , General

Turkey's current account to show surplus: Survey

- Economists' current account surplus estimates for September vary between $1.5-$2.5B, says Anadolu Agency survey

09.11.2018 Finance , Turkey

Government aid could deliver 20K Irish wind sector jobs

- Sustainable Energy Authority of Ireland has estimated that wind energy could create 20,000 jobs by 2040

10.11.2018 Electricity , Finance , Renewable , Europe , General

EC approves aid for Greece-Bulgaria gas interconnector

- State aid will support construction and operation of 182 km-long interconnector to transport 3 bcm of gas yearly by 2021

12.11.2018 Natural Gas , Finance , Europe

Investors' confidence in Turkey rises: Finance Min.

- International demand for Turkey's bond issuances over 3 times actual issue size, Berat Albayrak says

09.11.2018 Finance , Turkey

Turkish business body opens branch in Syria's north

- Independent Industrialists' and Businessmen's Association opens new branch in Azaz to support trade in country

09.11.2018 Finance , Turkey , Middle East-Africa

Equinor & ptnrs. clinch exploration blocks in Canada

-Successful bids align with Equinor’s strategy to develop company's presence in Canada's prolific basins

09.11.2018 Oil , Finance , Europe , Americas , General

Poland commits to boost onshore, offshore wind energy

- Poland pledges to increase wind energy by developing 8 GW of offshore wind and through 1 GW onshore auction

09.11.2018 Finance , Wind , Europe , General

EBRD lends €6 million to boost green energy in Albania

- Bank to provide loan to Albania’s Union Bank under €85 million Western Balkans Green Economy Financing Facility

09.11.2018 Finance , Renewable , General

Lightsource BP signs 25 MW solar contracts in US

-The 25 MW power purchase agreements will bring locally-generated solar power to utilities’ customers for over 20+ year terms

08.11.2018 Finance , Solar , Americas , General

Turkish firms seek bigger share of China's imports

- Turkey hopes to balance bilateral trade with China, says Turkish economic association

08.11.2018 Finance , Turkey , Asia

Turkish Airlines' net profit triples in 9-month

- Flag carrier's net profit reaches $755M during first three quarter, it announces

08.11.2018 Finance , Turkey

Turkish Treasury posts $1.46B cash deficit in October

- Treasury's interest payments amounted to $4.1 billion last month, Treasury announces

08.11.2018 Finance , Turkey

Turkish firm to lay 750 km power line in Afghanistan

- $1.6 billion project to supply 1000 MW of electricity each to Afghanistan, Pakistan

08.11.2018 Electricity , Invesments , Turkey , Asia

South Africa joins International Energy Agency family

- South Africa is the first sub-Saharan African country to institutionalize its engagement with the IEA

07.11.2018 Invesments , International Organization , Middle East-Africa , General

Japanese envoy praises relations with Turkey

- Turkey, Japan important strategic partners in efforts of global, regional peace, prosperity, says Akio Miyajima

07.11.2018 Finance , Energy Diplomacy , Turkey , Asia , General

Turkey sets ceiling price at $0.055/kWh in wind tender

- Turkey will hold 4 250 MW Renewable Energy Resources Zones wind tenders with deadline of March 7: Turkish official gazette

08.11.2018 Finance , Renewable , Turkey , General

Ukraine, Turkey to sign FTA by year-end: Poroshenko

- Ukrainian president welcomes Turkey’s 'clear position' in supporting Ukrainian sovereignty, territorial integrity, independence

07.11.2018 Finance , Turkey , Europe

US sanctions on Iran 'wrong': Turkish President Erdogan

- Recep Tayyip Erdogan says they don't want to live an imperialist world

06.11.2018 Finance , Energy Diplomacy , Energy Projects , General

Turkey, Iran may trade in local currencies: Experts

- Iran sanctions could lead to trade in Turkish lira, say experts

06.11.2018 Finance , Turkey , Middle East-Africa , General

Pakistan, China agree to trade in yuan

- Move would help both countries get rid of US dollar in bilateral trade, including for China-Pakistan Economic Corridor

06.11.2018 Invesments , Asia

Turkey's annual inflation at 25.24 pct in October

- Consumer price index up 0.72 percentage points from 24.52 percent in previous month, says TurkStat

05.11.2018 Finance , Turkey

China, Pakistan vow to safeguard economic corridor plan

- Both countries dismiss propaganda against multi-billion-dollar project, joint statement says.

05.11.2018 Finance , Energy Diplomacy , Asia , General

Possible effects of US oil sanctions against Iran

- Second phase of US sanctions which will go into effect on Monday is to mainly target Iran’s oil sector

05.11.2018 Natural Gas , Oil , Finance , Energy Diplomacy , Asia , Americas , Middle East-Africa , General

Jordan urged to reverse decision to halt Turkey deal

-Last year, Jordan cancelled a free trade deal with Turkey

04.11.2018 Finance , Energy Diplomacy , Turkey , Middle East-Africa , General

Pakistan, Turkey to sign free trade agreement 'soon'

- Pakistani president says a free trade agreement between Ankara and Islamabad will boost bilateral trade

04.11.2018 Finance , Energy Diplomacy , General

Indian Ocean Rim Association accepts Turkey’s bid

- Turkey’s Dialogue Partnership in IORA will contribute to strengthen relations, says Foreign Ministry

03.11.2018 Finance , Turkey

EBRD completely closes door on coal financing

- We are very clear in our new five-year strategy that we will no longer support coal, says EBRD managing director

03.11.2018 Coal , Invesments

Orsted’s profit up 14 percent in first nine months of 2018

- Danish energy company increases its green share of generation from 59 percent to 71 percent

02.11.2018 Finance , Wind , News from companies , Europe

Repsol's net income up 37 pct in first 9 months of 2018

- Spanish oil and gas company earns €2.17 billion between January and September; highest nine-month result in last decade

02.11.2018 Finance , News from companies , Europe

Shell's net income jumps 37 percent in 3Q18

- Net income attributable to shareholders hits $5.62 billion in period July-September

02.11.2018 Finance , News from companies , World

Turkish Central Bank revises inflation forecasts

- Turkey's year-end inflation to reach 23.5 percent in 2018, 15.2 percent in 2019, Central Bank chief says

01.11.2018 Finance , Turkey

Turkey performs record number of reforms: World Bank

- Turkey advances to 43rd place in global ease of doing business ranking, bank says

01.11.2018 Finance , Turkey

Turkey to continue tax discounts till end of year

- Number of companies taking part in Turkey's anti-inflation program tops 2,500, says Treasury Minister Berat Albayrak

01.11.2018 Finance , Turkey

Istanbul Airport’s 1st int’l flight lands in N. Cyprus

- Boeing-737 aircraft of Turkish Airlines gets water salute at Ercan International Airport

01.11.2018 Finance , Turkey

Austrian OMV's net income up 31 percent in 3Q18

- Oil and gas company posts earnings of €1.05 billion in period July-September

01.11.2018 Finance , News from companies , Europe

Turkey's energy import bill up 15.5 percent in Sept.

- Country's total imports cost nearly $16.3 billion, with energy accounting for 22 percent, TurkStat data reveals

01.11.2018 Finance , Turkey , General

Istanbul Airport, 'world's new hub,' officially opened

- President Erdogan says Istanbul Airport to be model to world with its architecture, construction, operation, and financing

30.10.2018 Finance , Projects , Invesments , Turkey

Turkish Airlines, Hong Kong Airlines sign deal

- Hong Kong Airlines to add Istanbul, key European cities to its network via codeshare agreement with Turkish Airlines

30.10.2018 Finance , Turkey , Asia

Iran sells its oil on Tehran SE to counter sanctions

- Volume of purchase in stock exchange not to be less than 35,000 barrels and more than 100,000 barrels of oil

30.10.2018 Oil , Finance , Middle East-Africa

South Africa raises $20B in new investment pledges

- Local, international companies made pledges at investment summit held in Johannesburg

28.10.2018 Finance , Middle East-Africa , General

Total's net income in 3Q18 rises by 48 percent

- Energy giant increases adjusted net income to $4 billion amid higher oil prices

27.10.2018 Oil , Finance

Ankara, Berlin ink joint economic, trade committee deal

- Agreement aims to boost bilateral trade, investments, and cooperation in the field of industry, energy and tourism.

26.10.2018 Finance , Invesments , Turkey , Europe , General

Turkish-Senegalese trade deal under fire

- Some of President Macky Sall's rivals in next year's polls urge cancellation of deal with Turkish firm

26.10.2018 Finance , Invesments , Turkey , Middle East-Africa , General

Turkey: Industrial capacity usage at 75.4 pct in Oct.

-Capacity of local units operating in manufacturing industry down 0.8 points month-on-month in Oct., says Central Bank data

26.10.2018 Finance , Turkey

EU to invest €243 million for low-carbon future

- Funding will go to environment, resource efficiency, nature, biodiversity, and climate action projects

26.10.2018 Finance , Europe

Equinor's earnings increase by more than 100pct in 3Q18

- Solid operational performance and production efficiency bring strong results

25.10.2018 Finance , Europe , General

Russian Novatek's profit increases 22 pct in 3Q18

- Yamal LNG terminal production along with higher oil and gas prices help company boost third quarter profit

26.10.2018 Natural Gas , Finance , Lng/Lpg , Eurasia , General

German offshore wind farm Arkona built in 'record' time

- The 385 MW wind farm located 35 km north of Rugen Island plans to power around 400,000 households in the region

25.10.2018 Wind , Invesments , Europe , General

Upstream players must spend more to meet future demand

- New research shows investment in oil and gas needs to increase by 20 percent to sustain growth into next decade

25.10.2018 Natural Gas , Oil , Invesments , General

Moody's reduces Eni's long-term credit rating

- Rating downgraded to ‘Baa1’ from ‘A3’ following Italy's sovereign downgrade

24.10.2018 Finance , Europe , General

Asia-Pacific offshore wind to rise 20-fold next decade

- Wood Mackenzie's report shows Asia-Pacific's offshore wind capacity will rise to 43 gigawatts in 2027 to fill power gaps

25.10.2018 Finance , Wind , Asia , General

Turkish economy's financial assets hit $2.5T in Q2

- Central Bank says Turkey saw low levels of loan/GDP and debt securities/GDP ratios compared to other countries

24.10.2018 Finance , Turkey

European Commission rejects Italy's budget plan

- Commission requests Italy to present revised draft budgetary plan for 2019 in three weeks

24.10.2018 Finance , Europe

Fortum's earnings up, operating profit down in 3Q18

- Decline in Nordic hydro reservoirs due to warm and dry weather affects company's hydro production and operating profit

24.10.2018 Finance , Europe , General

Siemens Gamesa to supply turbines for Taiwanese projects

- Company will supply 8-megawatt offshore wind turbines and establish nacelle assembly facility near Taichung Harbor

24.10.2018 Finance , Wind , General

Economic relations with Turkey vital for Germany: Amb.

- Germany and Europe view Turkey as production center and export base, German ambassador to Turkey says

24.10.2018 Renewable , Finance , Wind , Solar , Energy Diplomacy , International Relations , Turkey , Europe

Turkish Halkbank to open 1st digital branch in Serbia

- State-run lender to open 33rd branch in heart of Belgrade, increase personnel to 500 in country

23.10.2018 Finance , Turkey , Europe

Trump: US to begin cutting aid to Central America

- Retaliation move against migrant caravan bound for US; Trump claims it includes 'unknown Middle Easterners'

23.10.2018 Finance , Energy Diplomacy , Americas

Turkey scans potential areas for mineral resources

- On project completion, Turkey will be among top 8 countries globally in airborne geophysical survey sector: Energy minister

23.10.2018 Projects , Turkey

Brent oil rises again above $80 ahead of US sanctions on Iran

- Upcoming sanctions on Iran impact upward price trend in global oil market

23.10.2018 Oil , Finance

High technology stressed for export-based growth

- Exports are one of most important aspects in country's progress over last 16 years, says Turkish vice president

22.10.2018 Finance , Turkey , General

Turkey's defense, aerospace industry exports to hit $2B

- Turkish defense, aerospace industry exports reach $1.5B in October, says defense industries chief

20.10.2018 Finance , Turkey

Russian Severstal reports 8.7% drop in 3Q18 results

- Lower sales volumes result in revenue decrease for the company

19.10.2018 Finance , Coal , Eurasia , General

Aker BP's earnings increase by more than 150% in 3Q18

- Higher oil prices help company increase revenues

20.10.2018 Finance , Europe , General

Turk Eximbank's support reaches over $30B in Jan-Sept

- Head of bank says total amount of export support expected to reach $43-44B by end of year

19.10.2018 Finance , Turkey , General

'Turkey gives about as much in foreign aid as the US'

- Mevlut Cavusoglu says in 2017 Turkey spent $8B on humanitarian aid while world's richest country US spent $6-7B

19.10.2018 Finance , Energy Diplomacy , Turkey

EU: Passenger car demand grows 2.5 pct in Jan-Sept

- New passenger vehicle registrations totaled 12 million during first 9 months of 2018, says association

17.10.2018 Finance , Europe

EU's annual inflation rate stable in September

- Consumer prices among EU28 countries rises 2.2 pct on yearly basis in September, stable compared to August, Eurostat says

17.10.2018 Finance , Europe

'Strong demand for bonds proves confidence in Turkey'

- Ministry gets demand for more than 3 times actual issue size of dollar-denominated Turkish bonds

17.10.2018 Finance , Turkey

Turkey: Short-term external debt stock reaches $114.3B

- August figure drops 3.6 pct since end of 2017, official data reveals

17.10.2018 Finance , Turkey

Turkish state energy companies to invest $1.5B in 2019

- Eight energy companies will make investments totaling 8.40 billion Turkish liras

18.10.2018 Invesments , Turkey , General

Turkish private sector's loans from abroad down in Aug.

- Central Bank says long-term loans down to $219.4B while short-term loans totaled $17B as of August compared to end of 2017

16.10.2018 Finance , Turkey

Turkey's industrial output up in August

- Index rises 1.7 percent on a yearly basis, according to official data

16.10.2018 Finance , Turkey

Turkey, Romania agree to increase trade to $10 billion

- President Erdogan says Ankara continues to support investments in Romania, where over 15,000 Turkish firms are active

16.10.2018 Invesments

Turkey's budget sees $12.3B deficit in Jan.-Sept.

- Tax revenues total $459.4B while interest payments amount to over $60B in first 9 months of 2018

15.10.2018 Finance , Turkey

Turkey's unemployment rate at 10.8 pct in July

- Number of unemployed persons aged 15 years and over amounts to 3.5 million in July, says TurkStat

16.10.2018 Finance , Turkey

Brent oil rises to over $81 for week beginning Oct. 15

- Sanctions on Iran and Saudi-U.S. tension raises oil security risks and prices

16.10.2018 Oil , Stock Market , General

India's renewables to supply 13% of power in 5 years

- The country aims to have a renewable capacity of 175 GW by 2022

16.10.2018 Finance , Solar , Projects , Asia , General

Chinese loans may trap Africa into debt – experts

- China has become largest bilateral financier of infrastructure development projects in Africa

15.10.2018 Finance , Asia , Middle East-Africa

Turkish parliament speaker: US' only ally is the dollar

- Binali Yildirim says US uses dollar as a weapon as it lacks other allies

15.10.2018 Finance , Energy Diplomacy

Turkish firm produces smallest home heating unit

- World's smallest home heating unit Minerwa to be exported to UK, Denmark and Italy

13.10.2018 Projects , Turkey

Turkish, Kosovar central banks agree to deepen ties

- Central banks sign memorandum of understanding to strengthen exchange of information and cooperation

12.10.2018 Finance , Turkey , Europe

Branson halts Saudi business talks over Khashoggi case

- UK billionaire suspends discussions with Saudi government on $1 billion investment after Jamal Khashoggi’s disappearance

12.10.2018 Invesments , Europe , Americas , Middle East-Africa

New York announces $40M fund for solar-powered storage

- Funding advances progress of New York's ambitious target to have 1,500 megawatts of energy storage by 2025

12.10.2018 Solar , Projects , Americas

Erdogan announces Turkey's new investment program

- Turkey to implement new economic program to preserve macroeconomic stability, raise production, welfare, says Erdogan

11.10.2018 Finance , Turkey

Turkey opens up 7 coalfields to private investors

- Production area of 203 million tons of coal will generate $3.5 billion in public revenue, says Turkish Energy Minister

12.10.2018 Coal , Invesments , Turkey

Turkey's current account posts surplus after 3 years

- In August, current account balance shows $2.59 billion surplus, improving from $923 million deficit in same month last year

11.10.2018 Finance , Turkey , General

US charges alleged Chinese spy with trade secrets theft

- Yanjun Xu's arrest appears to be first time Chinese operative brought to US to face charges

11.10.2018 Finance , International Relations , Asia , Americas

TurkStream landmark project for Russia,Turkey: Novak

Japan's energy dependent on reforms, non-hydro in grid

Kazatomprom sells 15% of company's shares through IPO

IAEA urges Japan to rid contaminated water in Fukushima

China's coal output up 5.2 pct in September

Asian Dev. Bank to loan $500M to Bangladesh power plant

China’s coal production up 4 percent in April

Turkey's electricity consumption grows 6% in October

EBRD completely closes door on coal financing

China: 22 workers trapped in coal mine explosion

China's coal output up 5.2 pct in September

Russian Severstal reports 8.7% drop in 3Q18 results

Dutch govt. approves cut in Groningen gas production

Turkey announces start-date for offshore operations in Mersin

Drillship on mission in conflict zone offshore Cyprus

Eni, Total, Sonatrach partner to explore oil in Algeria

‘Ankara to always protect Turkish Cypriots’ rights’

Total, ADNOC to explore gas in Abu Dhabi

Osaka to acquire 35pct stake in US shale gas project

UK announces new measures to back shale gas exploration

Turkey's gas imports fall by 24% in August

EU, Iran to establish mechanism to ease trade: Rouhani

Turkey's LPG imports fall 5.1% year on year in July

Greek Cyprus, Egypt sign deal for gas pipeline project

Total signs MoU for Papua New Guinea LNG project

Saudi Aramco, ADNOC sign gas, LNG cooperation deal

Saudi Aramco aims to buy Arctic LNG-2 stake

Poland's PGNiG signs 24-year LNG contract with Cheniere

US oil rig count shows increase in week

Turkey announces start-date for offshore operations in Mersin

Global oil production rises in October

Drillship on mission in conflict zone offshore Cyprus

OPEC crude output rises in October

Brent oil rises above $71 for week beginning Nov. 12

Brent falls to $69 due to uptick in US crude stock

Ankara, Baku boost strategic ties with STAR refinery

OPEC crude output rises in October

S. Arabia's Yanbu chosen for crude to chemicals complex

TechnipFMC inks $1 bln. deal to expand Egypt's refinery

Saudi Aramco signs 15 agreements worth over $34 billion

Israel bans fuel shipments into Gaza

More Qatari fuel allowed into Gaza for sole power plant

Norway mandates 0.5 percent biofuel for airlines

Turkey’s domestic hybrid locomotive showcased in Berlin

E.ON to build 475 MW wind farm in Sweden

Vestas secures 50 MW wind farm deal in Finland

Kalyon-Turkerler applies for 1,000 MW wind pre-license

Wind to be EU's largest power source well before 2030

Norway's Equinor buys minority share in Scatec Solar

Lightsource BP signs 25 MW solar contracts in US

Hyundai, Kia reveal solar charging system for vehicles

Enel starts construction of 127 MW solar plants in Spain

GE to refit Itaipu Dam on Brazil-Paraguay border

Egypt says seeks ‘non-fragile’ deal on Ethiopia dam

Hydro produces majority of Norway's electricity in Aug.

No deal in 3-party Nile dam negotiations

Turkerler to invest up to $1B. in Manisa's geothermal

US funds $4.45M for geothermal zonal isolation research

Finnish Neste's profit increases to €277 mln. in 2Q18

US to invest $3.6M in geothermal energy technology

IRENA, Abu Dhabi Fund to boost renewable projects

Istanbul Airport, 'world's new hub,' officially opened

Turkey scans potential areas for mineral resources

India's renewables to supply 13% of power in 5 years

Turkish firm to lay 750 km power line in Afghanistan

South Africa joins International Energy Agency family

Pakistan, China agree to trade in yuan

EBRD completely closes door on coal financing

Brent oil rises to over $81 for week beginning Oct. 15

Turkish Central Bank reserves total $100.7B in July

Turkish stocks rise over 1.6 pct at close

Turkish, Qatari central banks ink currency swap deal

Turkey’s energy watchdog imposes $1.2 million fine

Turkey's EMRA ups max-limit of gas distribution regions

Border tax would make US less competitive: Chevron CEO

Volkswagen pleads guilty in emissions scandal

UK regulator offers price cap on gas, electricity bills

EU light bulb rules will allow household energy savings

$23B for Turkey's elec. privatization in past 10 yrs

Spot market electricity prices for Monday, April 30