Taner Yildiz News
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Israeli foreign policy, dominated by conflict with its neighbors, may be entering a new era as the country turns into a natural-gas producer.
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Turkey, which gets almost all of its energy from abroad, will debate a bill today that seeks to lure foreign companies to explore for oil and gas by ending the preferential treatment of state-run TPAO Turkiye Petrolleri AO.
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Saudi Arabia, the world’s biggest crude exporter, welcomes additional supplies from other producers that may help to stabilize prices, Oil Minister Ali Al-Naimi said.
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West Texas Intermediate crude fell for a second day as the dollar climbed, reducing the appeal of raw materials priced in the U.S. currency.
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West Texas Intermediate crude fell for a third day, the longest run of declines in four weeks, as OPEC boosted output to the highest level in five months.
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Excess electricity capacity threatens investment in Turkey’s power industry and is leading Zorlu Enerji Elektrik Uretim AS to favor an investment in a more economical coal-fired plant, its chief executive said.
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Iraq’s Kurdish region has signed a landmark agreement with Turkey to supply it directly with oil and gas, two people familiar with the matter said.
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Turkey is holding exclusive talks with Japan to build its second nuclear power plant after failing to reach an agreement with South Korea.
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For five years, Ertan Ercantan made a living selling Turkish rugs to Greek Cypriots coming across the border that splits Cyprus’s capital Nicosia in half. Overnight, they’re gone, he said.
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Turkey’s agreement to import lower- cost oil and gas from Iraq’s Kurdish region could help Prime Minister Recep Tayyip Erdogan cut the nation’s current-account deficit by more than a third.
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