petroleum
- Business
TPAO Expands Oil Exploration Efforts: Granted Licenses for 3 New Fields
Turkish Petroleum Joint Stock Company (TPAO) was granted oil exploration license for 3 separate regions in the Marmara Sea. The…
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Global gas production is expected to reach 5.3 trillion cubic meters by 2050
According to the “2050 Outlook” report by the Gas Exporting Countries Forum (GECF), the Middle East became the largest holder…
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Turkiye: The highest increase in petroleum product exports last year was in December with an increase of 66%
Turkiye, which has an annual crude oil processing capacity of 42 million tons, achieved the highest exports of petroleum products…
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Russia to Increase Voluntary Cut in Oil Production and Export
Alexander Novak, Deputy Prime Minister of Russia, has announced that the country will increase its voluntary cut in oil production…
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Turkiye’s Petroleum Imports Increased by 15.7% in December Last Year
According to the “Petroleum Market Sector Report” for December by the Energy Market Regulatory Authority, Turkey’s total petroleum and petroleum…
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First AI-powered satellite imagery firm set up in Saudi Arabia
SpaceGuardian specializes in applying machine learning AI on satellite imagery to facilitate economic activities, energy and commodities analysis SpaceKnow, a…
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Türkiye seeks to boost energy cooperation with Venezuela
Türkiye’s Energy Minister Alparslan Bayraktar has traveled to Venezuela, where he held talks with high-government officials, including Venezuelan President Nicolas…
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Turkish, Turkmen state-run oil, gas companies weigh gas export via Azerbaijan
Representatives of Turkish Petroleum Pipeline Corporation (BOTAS), a state-owned crude oil and natural gas trading company, and Turkmengaz, Turkmenistan’s national…
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