Turkey

Russian boosts oil exports to the USA

Last year, Russian oil exports expanded sharply. American sanctions against Venezuela and Iran helped. Most of all, purchases of our raw materials were increased by Turkey and the USA itself.

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Turkey interested in working with Russia to develop gas fields

Turkey is interested in working with Russia to develop gas fields off the coast of Cyprus. This was stated by the country's Foreign Minister Mevlut Cavusoglu.

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In 2019, oil transit via Baku-Tbilisi-Ceyhan pipeline through Georgia amounted to 236 million barrels

In 2019, oil transit to world market via pipelines on the territory of Georgia amounted to 264.3 million barrels, which is by 6.6% less than in 2018, as it follows from to the Georgian Oil and Gas

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SOCAR: In 2019, domestic consumption of natural gas in Azerbaijan increased by 8.7, while export of gas grew by 23%, to Turkey – by 27%

In 2019, domestic consumption of natural gas in Azerbaijan increased by 8.7% compared to 2018 to 11 531.59 million cubic meters, SOCAR reported to the Interfax-Azerbaijan.

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Turkish Stream to help to industrialize Serbia

Serbia will receive hundreds of millions of dollars annually from transit of Russian gas through the Serbian section of the Turkish Stream pipeline.

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Bulgaria speeds up completion of Turkish Stream

Bulgaria is building a continuation of the Turkish Stream pipeline with almost feverish speed.

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Gazprom reduces exports to Europe: in 2020, gas supplies fell sharply

In the new year, Gazprom sharply reduced gas exports to Europe, seeking to bring its gas supply in line with low demand due to warm weather and high accumulated reserves.

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Putin and Erdogan have launched Turkish Stream

On Wednesday, the Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan launched the Turkish Stream gas pipeline.

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Russian Gas Projects will be completed despite US opposition

The Turkish Stream, Nord Stream 2 and Power of Siberia projects will be completed despite US resistance, says Mikhail Krutikhin, an analyst with the oil and gas sector of the RusEnergy consulting a

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Turkish Tekfen acquires shares of SOCAR Polymer

Turkish company Tekfen has acquired a 10% stake in SOCAR Polymer, as it follows from SOCAR’s report.

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