Turkey’s energy and natural resources minister said on April 21 that Turkey was willing to purchase natural gas from Qatar to meet its growing natural gas needs.
Energy Minister Taner Yıldız said Turkey was trying to meet its natural gas needs with supplies from many countries, in return for reasonable prices. Yıldız had also hinted on April 13 that the government was interested in...
Nabucco gas pipeline project is an EU project. Its fate lies in the hands of the EU, Azerbaijani Presidential Administration Social and Political Department Chief Ali Hasanov said in an interview with Turkish newspaper Cumhuriyyet.
Nabucco project implementation lies in the hands of the EU," he added. "This project is an alternative to Russian gas supplied to Europe."
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Poland has the fastest-growing economy in the European Union and the power that drives it comes from the dirtiest of fossil fuels, coal. How can the country cut its dependence on this polluting source of energy?
Coal produces around 93% of Poland's electricity and the industry employs more than 100,000 people. It's a cheap way to produce energy but it provides an enormous headache for any...
Global energy majors have placed bids in tenders for two potentially large shale gas fields in Ukraine, Environment and Natural Resources Minister Eduard Stavitsky said on Monday, adding that the government would pick winners in a month.
One contract area, Yuzovska, is located in the eastern Donetsk and Kharkiv regions. The other, Olesska, is in the western Lviv region.
Ukraine's State Geological...
Turkey’s agreement with Russia to allow construction of the South Stream gas pipeline and its subsequent agreement on the Trans-Anatolia Pipeline (TANAP) signed with Azerbaijan as a critical part of the Nabucco-West pipeline project have left observers preoccupied with whether Turkey will be able to maintain the balance between Russia and the West, a question that still lingers....
Gateway to the windswept wilds of Patagonia, Neuquén knows the power of oil money. Hydrocarbon riches have helped make the city the biggest in an Argentine region that has been producing oil and gas for roughly a century, with a bustling downtown packed with tower blocks and new four-by-four vehicles.
Now Neuquén is on the brink of a modern-day oil rush. Explorers are looking for oil and...
BUCHAREST — Romania is set to start exploring its shale gas reserves in a drive for energy independence, despite local protests against the potential risks and Europe-wide concerns about the technology used to exploit unconventional gas sources.
Several oil companies have expressed interest in exploring what is believed to be the country’s significant potential. According to an...
NEW YORK—Russia is counting on foreign investment spearheaded by U.S. oil behemoth Exxon Mobil Corp. to defend its status as an oil superpower, the nation's energy czar said in an interview with The Wall Street Journal.
Igor Sechin, Russia's deputy prime minister and a close ally of President-elect Vladimir Putin, estimated that by 2030, up to 40% of Russia's oil output would stem from...
Iraq's Oil Ministry said Thursday that the U.S. oil giant Exxon Mobil Corp. is not allowed to bid in the May energy auction because of its oil deals with the northern self-ruled Kurdish region in Iraq.
The Texas-based Exxon signed contracts with the Kurds last October to search for oil in six areas, bypassing the central government in Baghdad, which maintains that it must ratify all deals....
Hussain al-Shahristani, speaking on a visit to London, also said the differences were very serious and it was not posible to pre-judge whether a solution would be found.
The dispute between Iraq's central government and its autonomous Kurdish region over oil exports has worsened in recent weeks.
This article originally appeared in Reuters on April 18, 2012.
During a visit of the head of the Kurdish regional government (KRG) in northern Iraq, Massoud Barzani, to Turkey the sides discussed a number of issues, including measures against terrorist Kurdistan Workers' Party (PKK), which turned into a headache for both sides.
Most of the Kurdish leader's meetings with officials from Turkey and a meeting with former Iraqi Vice President Tariq al-Hashemi...
London, United Kingdom - Bulgaria has finally abandoned the building of a second 2GW nuclear power plant by the town of Belene on the banks of the River Danube. The building started more than 30 years ago and successive governments have spent hundreds of millions of taxpayer dollars on it.
This is not exactly the end of Bulgarian nuclear power. Kozloduy - Bulgaria's first nuclear plant...
Exxon Mobil has told Baghdad it will not break ground on its oil blocs in the semi-autonomous Kurdish north until the central government approves the contracts, Iraq's top energy official said on Wednesday.
Exxon sent Baghdad into a fury at the end of last year by signing up for six KRG exploration blocs. The central government holds that any oil contracts signed with Kurdistan are illegal.
The U...
The Russian Gazprom has addressed Naftogaz of Ukraine with a request to pump the planned volumes of export gas to the EU, particularly to Germany, during the maintenance of the Nord Stream gas pipeline, ZN.UA reported citing a source with the Ministry of Energy and Coal Industry of Ukraine.
"Ukrainian gas transit companies will help the Russians with the transit of gas. This is also...
Turkey's exports to Iran have fallen 20 percent this year and the cost of imported oil has soared after sanctions on Iran over its nuclear program, Turkey’s Economy Minister Zafer Caglayan said.
The economic cost “is borne by Turkey,” not just by Iran, Caglayan told reporters today in Washington, when asked whether sanctions on Iran’s trade are the best way to rein in the...
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