Turkey | Egypt Oil & Gas - Part 6
Turkey to Cut Gas Prices by 10%
The Turkish Energy Minister, Berat Albayarak, declared that the country will reduce the price of natural gas by 10% for domestic and industrial consumers during October.
India Withdrew from Iran, Pakistan Gas Talks
India has rejected talking with Iran on gas import through Pakistan, in lieu of transferring Iran’s gas through subsea lines, despite the higher costs.
Iran, Kurdistan Talk Oil Swap
Iran is preparing to refine 100,000b/d of the Kurdistan Regional Government’s (KRG) crude oil at the Tabriz and Raham refineries in Iran’s South Azerbaijan Province.
Turkey, Russia Resumed Pipeline Talks
Moscow has sent a draft intergovernmental agreement to Turkey on a natural gas pipeline under the Black Sea to Greece. Novak expects Ankara to decide on the project within a few months, as it is planned to kickoff by ...
Iraq Resumed Oil Transmission Via Kurdish Pipeline
Iraq has resumed pumping oil from fields operated by state-run North Oil Company (NOC) via a Kurdish pipeline to Turkey. About 70,000 bpd of oil are being pumped through the pipeline controlled by the Kurdish Regiona ...
Iran Increased Gas Supplies to Turkey
Iran increased its gas supplies to Turkey by almost 9%, reaching a total volume of 518 mcm in 2016, compared with 472 mcm in the same period in 2015, showing an upsurge of 40 mcm.
Kirkuk Receives Petrodollar Payments from KRG
Kirkuk has received new payments for exported oil from the Kurdistan Regional Government (KRG) bringing up the total amount paid to Kirkuk to $50m since December 2015.
Kurdistan Oil Revenues Decline in July
Kurdistan’s oil revenue fell nearly 20% in July to less than $400m, as export loadings slipped and oil traders slashed their monthly prepayments to the Kurdistan Regional Government.
