Tuesday 27 January 2015
 
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Turkey

Turkey, Iraq plan new gas pipeline

Iraq and Turkey have agreed to build a new natural gas pipeline, technical analysis on which will commence soon, a report said. The announcement was made during the 17th meeting of the Turkey-Iraq Joint Economic Commission on Sund

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Around 450,000 bpd of Iraqi oil going through Ceyhan port

Turkish Energy Minister Taner Yildiz said around 450,000 barrels per day (bpd) of Iraqi oil were currently flowing into his country's Ceyhan port.   "We have agreed

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Turkey's Tupras faces $69m hit from tax demand and fines

Turkey's sole oil refiner Tupras said it faces a tax demand and related fines totalling 160 million lira ($69 million) following an 18-month investigation by authorities.  

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Storm batters Mideast with blizzards; some flights cancelled

A storm buffeted the Middle East with blizzards, rain and strong winds on Wednesday, keeping people at home across much of the region and raising concerns for Syrian refugees facing freezing temperatures in flimsy shelters. Turkish Airl

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Tosyali breaks ground on $500m Turkish steel plant

Turkish flat steel and steel pipes producer Tosyali Holding and Japanese steel sheets producer Toyo Kohan have broken ground on their new production facility coming up in southern province of Mersin in Turkey, said a report. The f

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Tosyali breaks ground on $500m Turkish steel plant

Turkish flat steel and steel pipes producer Tosyali Holding and Japanese steel sheets producer Toyo Kohan have broken ground on their new production facility coming up in southern province of Mersin in Turkey, said a report. The f

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Turkey cbank hikes forex reserve requirements

Turkey's central bank raised foreign exchange reserve requirement ratios on Saturday, citing the need to support financial stability amid volatility in global markets. With the lira currency trading at record lows against the

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KFH's Turkey unit gets $350m Islamic loan

Kuwait Finance House (KFH), the country's largest lender, said its Turkish subsidiary has secured a $350 million syndicated Islamic loan. The dual-currency murabaha transaction for Kuveyt Turk was arranged in two tranches, one

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Turkey's 2014 exports hit record high at $157bn

Turkey’s annual export figures for 2014 rose 4 per cent to $157.62 billion, an all-time high, the Turkish Exporters' Assembly (TIM) said on Thursday. December exports rose 1.1 per cent year-on-year to $13.14 billion, TIM

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Iraq oil exports via pipeline through Turkey reach 32.2m barrels

Iraq exported a total of 32.2 million barrels of oil to world markets via a Kurdish-built pipeline going through Turkey since May, Turkish Energy Minister Taner Yildiz said.  

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