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Russian and Saudi's global energy body not realistic

Saturday, November 22, 2014 Energy
The reports in the Australian press claiming a deal between Saudi Arabia and Russia to build a new "Global Energy Body" during the G-20 Summit are not realistic, according to the experts. Experts said that Saudi Arabia and Russia have major differences in their political and economic operations that would make such…

LNG terminal to change energy monopoly: Lithuanian Minister

Saturday, November 22, 2014 Energy
Lithuania's new LNG terminal will be a catalyst for change in the monopolistic market of the Baltic States' gas sector while fostering closer relations between neighbors, said Lithuanian Energy Minister on Monday. Lithuania in a bid to diversify its natural gas sources and to become energy-independent from Russia,…

Alibaba announces international intentions

Saturday, November 22, 2014 Enterprise
Chinese e-commerce giant Alibaba announced Thursday that it will build an international version of its online retailer Taobao, its first site open to consumers outside of its native China. The company currently serves worldwide wholesale customers with its Aliexpress platform, but doesn’t have an international outlet…

Antarctica attracts Turkish scientists

Saturday, November 22, 2014 Innovation
“It is a continent, where beauties of white fascinate people, where you never want to be alone.” Turkish scientist Orhan Dede Polat recalls the world’s “coldest and the loneliest” continent, Antarctica. Polat, who is the head of the Seismology Department of Geophysical Engineering at Izmir Dokuz Eylul University, was…

Turkey and Iran agree on transit truck fee

Saturday, November 22, 2014 Middle East
Iran's Ambassador to Turkey said on Monday that the latest sticking point with regards to transit fees for trucks travelling between Iran and Turkey was solved after negotiations between the two neighbors. The deal comes after Turkey retaliated with increasing transit fees for Iranian trucks whenIran hiked their own…

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November 22, 2014

Russian and Saudi's global energy body not realistic

The reports in the Australian press claiming a deal between Saudi Arabia and Russia to build a new "Global Energy Body" during the G-20 Summit are not…
November 22, 2014

LNG terminal to change energy monopoly: Lithuanian Minister

Lithuania's new LNG terminal will be a catalyst for change in the monopolistic market of the Baltic States' gas sector while fostering closer relations between…
November 22, 2014

Alibaba announces international intentions

Chinese e-commerce giant Alibaba announced Thursday that it will build an international version of its online retailer Taobao, its first site open to consumers…
November 22, 2014

Antarctica attracts Turkish scientists

“It is a continent, where beauties of white fascinate people, where you never want to be alone.” Turkish scientist Orhan Dede Polat recalls the world’s…
November 22, 2014

Turkey and Iran agree on transit truck fee

Iran's Ambassador to Turkey said on Monday that the latest sticking point with regards to transit fees for trucks travelling between Iran and Turkey was solved…

The center of urban transformation is Kadıkoy, Istanbul

November 21, 2014 in Real Estate
Within the scope of urban transformation, which is carried out by the Ministry of Environment and Urban Planning of Turkey, over 116,000 buildings were…

Turkey spent $6 billion for R&D last year

November 21, 2014 in Finance
Spending in research and development in Turkey increased by 13.4 percent reaching 14.8 billion Turkish liras ($6.6 billion) last year compared with the…

Turkey's TUPRAS to buy Iraqi oil

November 21, 2014 in Energy
Turkey’s oil refinery company, Turkish Petroleum Refineries Corporation, TUPRAS will purchase the oil extracted by the Iraqi Kurdish administration which will…

Russian gas to Turkey via West Line falls by 40 percent

November 21, 2014 in Automotive
Russian natural gas volumes from the West Line to Turkey fell by 40 percent, said Turkey's Minister of Energy and Natural Resources on Thursday. "Russia's…

Peru eyes renewables to relieve fossil fuel reliance

November 21, 2014 in Energy
Peru will bet on natural gas and hydroelectric power, as it strives to reduce reliance on imported fossil fuels, the Energy and Mines Ministry said on Tuesday.…

Over 18.6 million vehicles on Turkish roads in 2014

November 20, 2014 in Automotive
The number of registered vehicles on the roads in Turkey reached over 18.6 million in September 2014, the country's statistics authority said on Wednesday. A…

Bagdad to start oil transit, says Turkey's Energy Min.

November 20, 2014 in Middle East
The Central Iraqi government will restart transporting oil which was halted in March, Turkey’s Energy and Natural Resources Minister said at an energy…

Turkey looks to boost trade ties with Sweden

November 20, 2014 in Europe
Turkey wants to boost even further its trade volume withSweden from the current $3 billion level by diversifying cooperation in information technology, ports…

Turkey signs increased gas deal with Algeria

November 20, 2014 in Energy
Turkey will increase gas imports from Algerian under the terms of a renewed gas trade agreement signed in Algiers on Wednesday. Under the terms of the new…

“46 billion TL savings will be provided with heat insulation”

November 20, 2014 in Real Estate
Ferdi Erdoğan, Chairman of IZODER (Association of Thermal Insulation, Waterproofing, Sound Insulation and Fireproofing Material Producers, Suppliers and…

Finnish giant announces first Nokia-brand tablet

November 19, 2014 in Enterprise
The Finnish technology giant Nokia announced the N1 on Tuesday, the first Nokia-brand tablet, which will be powered by an Android operating system. Nokia said…

US Chamber of Commerce opens office in Turkey

November 19, 2014 in America
 The U.S. Chamber of Commerce has inaugurated a regional office in Istanbul on Tuesday, to boost economic ties with Turkey and other countries in the region.…

Turkish lira gains against USD

November 19, 2014 in Stock Markets
The Turkish lira /US dollar exchange rate has receded to its lowest level since Oct.4 as declining oil prices seen a positive development in Turkey’s struggle…

Houses of “Tarlabaşı360 Project” put up for sale

November 19, 2014 in Real Estate
Residences and offices of Tarlabaşı360, which is indicated as Turkey’s first “urban transformation” project and is developed by Çalık Real Estate, were…

Cost of fueling 40-liter tank in Turkey drops by $6.75

November 19, 2014 in Energy
Recent discounts in gasoline prices in Turkey has reduced the cost of fueling a 40-liter fuel tank by 15 Turkish Liras ($6.75) compared to the beginning of…

LNG terminal to change energy monopoly: Lithuanian Minister

LNG terminal to change energy monopoly: Lithuanian MinisterLithuania's new LNG terminal will be a catalyst for change in the monopolistic market of the Baltic States' gas sector while fostering closer relations between neighbors, said Lithuanian Energy Minister on Monday.

Lithuania in a bid to diversify its natural gas sources and to become energy-independent from Russia, will import  two to three billion cubic meters of natural gas from Norway... Add a comment

Read more...

Russian and Saudi's global energy body not realistic

Russian and Saudi's global energy body not realisticThe reports in the Australian press claiming a deal between Saudi Arabia and Russia to build a new "Global Energy Body" during the G-20 Summit are not realistic, according to the experts.

Experts said that Saudi Arabia and Russia have major differences in their political and economic operations that would make such cooperation impossible. 

"A cooperation between Saudi Arabia and Russia in... Add a comment

Read more...

Turkey and Iran agree on transit truck fee

Turkey and Iran agree on transit truck feeIran's Ambassador to Turkey said on Monday that the latest sticking point with regards to transit fees for trucks travelling between Iran and Turkey was solved after negotiations between the two neighbors.

The deal comes after  Turkey retaliated with increasing transit fees for Iranian trucks whenIran hiked their own rates for Turkish trucks.

Turkey's Customs and Trade Minister, Nurettin... Add a comment

Read more...

Alibaba announces international intentions

Alibaba announces international intentionsChinese e-commerce giant Alibaba announced Thursday that it will build an international version of its online retailer Taobao, its first site open to consumers outside of its native China.

The company currently serves worldwide wholesale customers with its Aliexpress platform, but doesn’t have an international outlet for retail.

Taobao, with analogies in Amazon and eBay, allows users to... Add a comment

Read more...

Antarctica attracts Turkish scientists

Antarctica attracts Turkish scientists“It is a continent, where beauties of white fascinate people, where you never want to be alone.”

Turkish scientist Orhan Dede Polat recalls the world’s “coldest and the loneliest” continent, Antarctica.

Polat, who is the head of the Seismology Department of Geophysical Engineering at Izmir Dokuz Eylul University, was the first scientist from Turkey to set foot in Antarctica, on... Add a comment

Read more...

The center of urban transformation is Kadıkoy, Istanbul

The center of urban transformation is Kadıkoy, IstanbulWithin the scope of urban transformation, which is carried out by the Ministry of Environment and Urban Planning of Turkey, over 116,000 buildings were determined as risky in Istanbul. Most of the risky buildings are in Kadıköy district of Istanbul. 

According to the statistics of the ministry, in countrywide, total 175,000 housing and commercial units were determined as risky. Risk... Add a comment

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Turkey spent $6 billion for R&D last year

Turkey spent $6 billion for R&D last yearSpending in research and development in Turkey increased by 13.4 percent reaching 14.8 billion Turkish liras ($6.6 billion) last year compared with the previous year, the Turkish Statistics Institute said in a report on Wednesday.

But R&D spending still constituted only 0.95 percent of Turkey’s Gross Domestic Product in 2013, up from 0.92 percent in 2012. 

The government is making a real... Add a comment

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Turkey's TUPRAS to buy Iraqi oil

Turkey's TUPRAS to buy Iraqi oilTurkey’s oil refinery company, Turkish Petroleum Refineries Corporation, TUPRAS will purchase the oil extracted by the Iraqi Kurdish administration which will be sold by Iraq's National Oil Company, SOMO.

"TUPRAS will buy the oil which is transported from Iraq to Turkey's Ceyhan port on the Mediterranean cost but the amount and time are yet to be determined," said TUPRAS Deputy Director... Add a comment

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Russian gas to Turkey via West Line falls by 40 percent

Russian gas to Turkey via West Line falls by 40 percentRussian natural gas volumes from the West Line to Turkey fell by 40 percent, said Turkey's Minister of Energy and Natural Resources on Thursday.

"Russia's daily natural gas delivery to Turkey decreased by nearly 40 percent, which is not good news for Turkey," said Taner Yildiz at a press conference at the Atlantic Council Energy and Economic Summit held in Istanbul. 

Yildiz stated that the... Add a comment

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Peru eyes renewables to relieve fossil fuel reliance

Peru eyes renewables to relieve fossil fuel reliancePeru will bet on natural gas and hydroelectric power, as it strives to reduce reliance on imported fossil fuels, the Energy and Mines Ministry said on Tuesday.

The ministry is developing a new strategy, to be worth $50 billion over ten years, in which the Andean country will also look to other renewable sources as it works to change its energy supply mix, Minister Eleodoro Mayorga said at... Add a comment

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