Turkey which is on the eve of  undertaking huge energy investments to include nuclear, is reported to have  increased its installed electricity capacity to 58,000 MW by adding a capacity nearly 5,000 MW every year in the last five years. This fact was announced by Energy Market Regulatory Authority (EPDK) President Hasan Köktaş yesterday. Mr. KOKTAS said at a press event Turkey’s electricity consumption had ...

Turkey and Germany have long been partners in many walks of life to include a strong relation in politics throughout history and economy, certainly. Ms Angela MERKEL, German Chancellor has paid a visit to Turkey and attended a forum in Istanbul on which occasion she has had the opportunity of meeting Turkish businessmen to help contribute to the business relations between two economies, the leading business ...

Ankara is the capital of Turkey with a population of around 4 million people. It is a very modern and fast developing town receiving substantial immigration from other less developed regions. The name of the natural gas company – owned by Metropolitan municipality is BASKENT GAZ. It is reported that six investors have submitted official bids in a tender to sell 100 percent of stakes in Turkish capital's nat ...

Turkish Ciner Group Corporation and Chinese Tianchen have signed a contract for the construction of a $ 3 billion facility at Kazan, Ankara. Signing ceremony between Ciner Group company Kazan Soda Electric and China Soda Ash Cogeneration Plants Tianchen Engineering Corporation took place at Cıragan Palace and was attended by Energy and Natural Resources Minister TANER YILDIZ. Minister YILDIZ made following ...

Energy Minister Taner YILDIZ said the oil purchasing contract of Tüpraş from Iran was going to end in August this year and said contract would definitely be extended. YILDIZ who answered questions from journalists in Tripoli, Libya which is second stop of his Algeria, Libya and Qatar trip said “Oil purchasing contract of Tüpraş from Iran is coming to an end in August this year. This contract will definitely ...

After having met with President of Libyan General National Congress Mohammed el-Magariaf on Sunday, Turkish Energy Minister made following statement; "We came together with Libyan Oil Minister Abdulhadi al-Arusi, Minister of Electricity and Renewable Energy Ali Muhammad Muhayrik and President of Libyan General National Congress Mohammed el-Magariaf separately. I leave Libya satisfied after all our beneficia ...

Turkey and United Arab Emirates have shaken hands on a project to develop coal fields in southeastern Turkey. The project which is worth USD 12 billion covers the renovation of existing power plants in Afsin-Elbistan coal field, located in Kahramanmaras province, and the construction of new plants utilizing the same source, estimated to hold around 4.4 billion tons of lignite. Parties have agreed to add 7 G ...

Istanbul has started to host the preliminary meetings of the 3rd Nuclear Safety Summit to be held in 2014 in the Netherlands. It is reported that the meeting is hosting representatives from around 50 countries and many other international organizations. In the meeting participants are to discuss topics such as Illegal nuclear trade and prevention of nuclear terrorism, safety of nuclear materials. The meetin ...

TANAP project (The Trans-Anatolian gas pipeline) which is established to carry  Azeri gas to Turkey and European markets, has attracted the attention of three European energy giants as partners. Accordingly 3 companieshave reached a deal with Azeri state oil company SOCAR to acquire a 29 percent stake of the project. BP Azerbaijan's spokeswoman Tamam BAYATLY has made an announcement regarding SOCAR’s stake ...

It has been reported Istanbul has been awarded to host the congress in 2016 of the World Energy Council. Süreyya Yücel Özden, the Chairperson of the World Energy Council Turkey National Committee announced the news and said Istanbul was going to host the event in 2016. The World Energy Council congresses takes place every three years. The 2007 congress was held in the Italian capital Rome and the 2010 congr ...

Turkish Energy and Natural Resources Minister Taner Yıldız has made a statement on Turkish import of Iranian natural gas. Mr. Yildiz also warned companies currently conducting petroleum exploration activitiesin the Sothern Cyprus. Yıldız said, "Within the framework of our existing contracts, neither we have been demanded nor we have thought to lower the volume of natural gas that Turkey imports from Iran wh ...

Borusan EnBW Enerji has broken ground for the Balabanli Wind Power Plant in Turkey’s northwestern province of Tekirdag. The plant’s 22 turbines will generate 50 megawatts of power once it joins the energy-hungry country’s national grid by 2013. The ceremony marking the commencement of the construction took place in Istanbul with the attendance of the executives of Borusan and EnBW, and Turkey’s Minister of ...

Turkey imports 60 percent of its energy… On the other hand it has 70 percent of the world's boron reserves as well as major solar potential, and continues to increase the number of projects involving boron and solar power daily. Within this framework, Turkey has promoted a car which operates on solar power and boron by test driving it.. There is a strong possibility we could see vehicles operating on boron ...

When the world is in search of new energy resources, Turkey is about to add another investment in the automotive world. This country has been spending much effort to produce the raw material sodium borohydride used in electric vehicle fuel cells. It is now reported that Turkey will soon be capable of producing the sodium borohydride used for fuel cells in electric vehicles with a new investment by the Bandı ...

Alamos Gold Inc. which is a Canadian gold mining company will invest USD 1 billion in Turkey. Alamos Gold Inc. is a publicly traded company on the Toronto Stock Exchange under the symbol “AGI” with operations in México and Turkey. In January 2010, the Company acquired two advanced-stage gold development projects in northwestern Turkey. The 7,657-hectare Ağı Dağı and Kirazlı gold projects contain established ...

With its rapid and stable economic growth the energy demand increases but Turkey still lags behind the developed countries in terms of energy consumption per capita. The use of electricity raised 61% from 31.846 MW in 2000 to 51.547 MW in 2011 and is expected to be 434 Billion KwH by 2020. Energy efficiency is an essential part of the environmental policies in Turkey. Investments in environmental technologi ...

Turkey, in parallel to its fast economic development is certainly a very appealing market for several sectors and industries. Renewable energy opportunities in Turkey is considerede to be  among the most important fields of interests for instance. In fact this business is growing quite fast and Turkey has recently been intoduced to wind energy especially. The critical point is that Turkey actually has the s ...

Ashti Hawrami, the KRG’s energy minister, says that with a network of pipelines spanning Turkey to export oil, the KRG aims to become a major global energy player The Kurdistan Regional Government (KRG) sees itself as a soon-to-be major energy player, hosting the world’s largest oil companies and making use of its own strategic export pipeline system across Turkey, according to the energy minister of the au ...

Turkey uses 1 percent of global energy, gas consumption jumps Turkey consumes 1 percent of the world's total energy and 1.4 percent of its natural gas, according to a benchmark annual report by BP. The country's overall energy consumption increased 9.2 percent last year from 2010, while its oil consumption rose 5.8 percent to 32 million tons, or 0.8 percent of global consumption, the report said. Turkey's g ...

Speaking at a press conference during his stay in Azerbaijan, Prime Minister Recep Tayyip Erdoğan stated that the project started between Turkey and Azerbaijan in order to transport Azerbaijani gas through Turkey to Europe, the Trans Anatolian Pipeline, or TANAP, will make its mark on history. Speaking at a joint press conference following the Turkey-Azerbaijan High Level Strategic Cooperation Council Meeti ...

Turkey, Azerbaijan and Turkmenistan sat at the table for TANAP project Top ranking representatives from Turkey, Turkmenistan, Azerbaijan and the European Union sat at the table yesterday to discuss adding Turkmenistan, reportedly the holder of world's fourth largest natural gas reserves, to a $7 billion project that will carry the Azeri gas to Turkey. Speaking after talks in Turkmenistan's Asghabat, Turkish ...

Oil firm Genel Energy acquired a majority stake in Iraqi Kurdistan's Miran oilfields after inking a $450 million deal with English energy firm Heritage Oil on Tuesday, providing Genel with a 51 percent share in extraction rights in a region that the company says will secure six or seven years of oil for Turkey. Genel paid roughly $156 million to bring its stake in the jointly owned oil bloc -- semi-autonomo ...

Turkish firm gets Israeli loan for power production Despite strained relations between Turkey and Israel following the flotilla incident in May 2010, Turkish and Israeli business ventures continue full steam ahead as witnessed by Zorlu Enerji’s $277 mln natural gas investments in Israel The Ashdod and Ramat natural gas facilities in Israel have been granted a loan of more tharn 1.1 billion Israeli Shekels ( ...