Turkey and Deutsche Bank AG are in the final stages of talks for a pioneering EUR 1bn (USD 1.1bn) loan to finance liquefied natural gas purchases that will reduce the country’s reliance on Russian imports, according to Bloomberg News. Boru Hatlari ile Petrol Tasima AS, the state-owned pipeline operator known as Botas, will use the money to...
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Industrialists clamor against natural gas and power outage
BY NEWS DESK The Turkish Electricity Transmission Corporation (TEIAS) announced last week that it would cut electricity supplies to all Organized Industrial Zones (OIZs) in Turkey following the Petroleum Pipeline Corporation’s statement to cut gas use by up to 40% for some power plants and industrial facilities. This decision came after Iran cut gas flows...
Key oil pipeline restarts after explosion: BOTAS
Turkey’s state pipeline operator BOTAS announced that crude oil flow through the Kirkuk-Ceyhan pipeline has resumed after an explosion in the country’s southeastern Kahramanmaras province. The 1,876-kilometer-long key pipeline, which carries crude oil from northern Iraq for export from Turkey’s southern port of Ceyhan, was knocked offline by an explosion late on Tuesday for “unknown”...
Natural gas prices hiked for power plants, industry by 47-48%
Turkey raised the price of natural gas used by power plants by 47% and the price of gas used by industry by 48%, while consumer gas prices remained unchanged, the state energy company Botas said on Monday. (REUTERS)
Turkish Petroleum International AS to operate the Black Sea natural gas
Turkish Petroleum International AS will be established to operate the natural gas field holding 405 billion cubic meters of natural gas discovered in the Black Sea, with a capital of USD 1.65bn. Turkish Petroleum Overseas Company Limited (TPOC), the subsidiary of Petroleum Pipeline Company (BOTAS) and Turkish Petroleum Corporation (TPAO) has decided to establish three...