Middle East

Israel claims ISIS funded by “Turkish money”


Israel’s defence minister has alleged ISIS (Islamic State) has been funded with “Turkish money”. Moshe Ya’alon made the claim as he said the Turkish government was not pulling its weight in the fight against the network.

Other News

Appeal launched to resolve gas price row with Russia


An appeal has been made by the Turkish state gas importer Botas to the International Chamber of Commerce in a bid to resolve a row over the price of gas from Russia. The move has been made after the two countries failed to sign an deal. Earlier this year Turkey said it had obtained a 10.25% price discount on the 28-30 billion cubic metres (bcm) of gas it buys from Russia each year but the two sides have been at loggerheads over the deal for months.

Oil & Gas

Explosion hits Shah Deniz gas pipeline in northeast Turkey


An explosion hit Turkey's Shah Deniz pipeline carrying natural gas from Azerbaijan early on Tuesday but there was no impact on supply because the flow was already suspended for maintenance, a senior Turkish energy official said. It was not immediately clear what caused the blast, but it comes days after an attack by the PKK Kurdish militant group halted the flow in a pipeline carrying crude oil to Turkey from Iraq.

Oil & Gas

GE Oil and Gas sign landmark pipeline project


GE Oil & Gas will provide high-end turbomachinery for the first phase of the landmark Trans-Anatolian Natural Gas Pipeline (TANAP) - a partnership between BP, the State Oil Company of Azerbaijan (SOCAR) and Turkey's state-owned BOTA (Petroleum Pipeline Corporation).

Oil & Gas

Turkey sees gas price deal with Gazprom in two weeks


Turkey and Russia's Gazprom are likely to finalise a deal on natural gas prices by mid-July, Turkish officials told Reuters, after Ankara warned last week it could seek international arbitration if they failed to agree. Russia, which supplies more than half the gas consumed by Turkey annually, has already agreed to cut prices by 10.25 percent, but Gazprom's additional demands regarding the Turkish Stream natural gas project are delaying the final signature, a Turkish energy official said. Last week, Turkey said it had the right to take Gazprom to international arbitration if there we no agreement by June 29. Ankara already has a case at the court against Iran, its second biggest supplier.

Oil & Gas

Gazprom’s Turkish pipeline talks expected to resume next week


A meeting between the head of Russia's Gazprom's and Turkish Energy Minister Taner Yildiz is expected to be rescheduled for next week as both sides strive to finalise agreement on a proposed underwater gas pipeline to Turkey, a senior energy ministry official said on Wednesday. Turkey was named as Russia's preferred partner for an alternative to its planned South Stream pipeline to carry gas to southern Europe without crossing Ukraine after Russia aborted the project in December, citing EU objections.

Other News

Employees and managers on trial over Turkey miner blaze


Forty-five managers and employees of a mine in western Turkey have gone on trial accused of causing the deaths of 301 miners who perished in a fire last year in Turkey’s worst mining disaster. The defendants include the chief executive and the general manager of mine company Soma Komur Isletmeleri AS. They did not attend the opening of the trial in Ankara today amid security concerns.