Important News
UNIT International Signed Oil and Gas Agreement with Iranian and Russian Companies
Abroad Company News Natural Gas
8/10/2017
UNIT International has signed joint investment agreement with Russian Zarubejneft, Iranian Ghadir on improving oil and gas reserves in Iran. Agreement is a tripartite investment agreement signed by Iranian company with foreign partners
Tekfen İnşaat Is Awarded a $200-Million Road Contract in Qatar
Abroad Company News
8/2/2017
Tekfen İnşaat is awarded the contract for the Eastern Industrial Road construction project worth approximately $200 million (729.6 million Qatari riyals) by Qatari Administration of Public Works (Ashgal)...
Akfen Holding Sold 40% Shares of Mersin Port to Australian IFM Investors
Ports Privatization Company News
8/1/2017
Akfen Holding has transferred 40% share of 50% of Mersin Port to IFM Investors, Australian investment fund management company, on USD 869 million
Limak to be Partner to Motorway Project in Russia
Abroad Company News
7/28/2017
Limak has been partner to Bashkir Concession Company (BCC) founded for motorway project to cost about USD 570 million in Ufa, Russia and assumed the contracting Works of project. Project’s construction period will be 4 years, operation period 25 years
Noteworthy Statements by Deputy Prime Minister Mehmet Şimşek
Speeches
7/27/2017
"Borrowing requirement may not be kept within the limit for the first time since 2009. Under the impact of measures taken this year, borrowing will be higher than foreseen. In general term, end-year growth seems to be close to 5%. If we do not suffer a shock or difficulties we faced with countries like Germany do not effect economy significantly, recovery in tourism, in EU is of foreign demand supportive nature. There is a relative acceleration in domestic demand as well."
Siemens and Bombardier are Close to Two Joint Ventures for Rolling Stock and Signaling
Abroad Company News Railways
7/25/2017
German Siemens and Canada's Bombardier are in the final stages of talks to combine their rail operations, to compete against Chinese rivals. The deal, which would create two separate joint ventures for their signaling and rolling-stock divisions, expected to be announced as early as August...
22nd World Petroleum Congress (II)
Conferances Natural Gas
7/11/2017
IEA’s Executive Director Birol: “The amount of gas produced by USA only from shale gas has reached the level of 2 Qatars. The US will cover all domestic gas needs in the near future and will become a prominent gas exporter. US oil will provide abundance to the market and this will result with a downward pressure in prices.” Russia’s Energy Minister Novak: “We plan to put the first unit of Akkuyu Nuclear Power Plant into operation in 2023.” SOCAR President Abdullayev: “The 12.6 billion dollar portion of an investment of $ 19.5 billion planned to be made in Turkey has been completed.”
22nd World Petroleum Congress
Conferances Research Natural Gas Nuclear
7/10/2017
President Recep Tayyip Erdoğan: "We have started to expedite our investments in nuclear energy. Once Akkuyu and Sinop Nuclear Power Plants are commissioned, we will satisfy at least 10 percent of our energy need from them. We have added our national capital to the Akkuyu Project that we execute with Russia, making it much stronger. We want to start construction as soon as possible at Sinop Project as well. We talked the matter over with the Japanese Prime Minister Abe at the last G20 meeting. We have even started our efforts for the third nuclear power plant project."
In EP Report of EU, Turkey was Requested to Stop Akkuyu NGS Project
International Relations Nuclear
7/10/2017
In EP report of EU, Akkuyu NGS Project was requested to be stopped for Mersin-Akkuyu region is inherent in strong earthquake risks. In the announcement by Russia, subject call was claimed to be originated only from political and economic interests of EU
G20 Final Declaration
Abroad Research International Relations
7/10/2017
Declaration covered issues like struggling with terror, global trade, climate and cooperation with Africa. Declaration says "Although growth expectations are encouraging but growth rate is still weaker than expected. Our commitment on international economic and financial cooperation maintained for steppig up the Growth and for protecting against downward risks. International trade and investment are the vital motors of growth, productivity, creating and improving employment. We will struggle with protectivism comprising unfair trade applications. We will particularly encourage a positive environment for trade and investment."
The World Petroleum Congress Opens in Istanbul
Conferances Research Natural Gas
7/10/2017
Energy and Natural Resources Minister Albayrak: “Turkey particularly targets to extend oil and natural gas exploration and production activities and investments. We are focusing on oil and natural gas exploration activities in the Mediterranean and the Black Sea. Turkey is one of the most prominent regional actors as a play-maker and reliable partner in regional energy projects”…
BRICS New Development Bank Announces 2017-2021 General Strategy
Loans Abroad International Relations
7/3/2017
The field of credits of priority of the Bank will be clean energy, transportation infrastructure, irrigation, water resources management and wastewater, sustainable urban development, economic cooperation and integration among member countries. Financing instruments like syndication credits, special investors, Project own capital investments, national and multinational financing agencies and joint credits beside long term credits will be used
The Annual Increase in CPI in June 2017 Realized as 10.90 Percent
Macro Indicators
7/3/2017
The increase in CPI realized as 10.90 % in June compared to the same month last year and as 9.36 % according to the 12-month averages, whereas the annual increase in DPPI realized as 14.87 %...
The Opening of the New Address of the Liaison Office of Doosan Power Systems in Istanbul Has Been Made
Company News
7/3/2017
Doosan Power Systems’ Country Manager for Turkey Emre Dökmen: “Doosan will continue to work in an active manner also in the coming years in the field of water technologies besides steam turbines, coal boilers and flue gas emission systems in particular.”
Two Important Appointments at Senior Management of TAP
Abroad Natural Gas
6/28/2017
Walter Peeraer is appointed the CEO and Board Chairman and Luca Schieppati is appointed the General Director of Trans Adriatic Pipeline (TAP)
Gazprom, TurkStream Project (III)
Abroad Natural Gas Intergovernmental
6/23/2017
Deep water pipe laying process officially started in the presence of Russian Head of State Putin Calling President Erdoğan, Putin said, "Construction process started after 7 months period. The level of Turkish-Russian cooperation is much higher than that of many countries. Administrative approval process in the Works conducted with other countries continue for years, however we conclude subject processes within few months. It goes without saying the this is realized by our direct support."
Annual Report
