No doubt, Monday, October 10, 2016, will become a key date in Turkey’s diplomatic history. On that day, the country’s President Recep Tayyip Erdoğan and his Russian counterpart, Vladimir Putin, signed an agreement on the Turkish Stream gas pipeline, which will bring Russian gas to Turkey and onward to the EU. In short, the deal represents a tactical advantage to Turkey and a new strategic position for Russia, which will keep dominating gas supplies to the EU.
France is proud of its achievements in the development of nuclear energy. Nationwide, there are 58 reactors, which together produce more than 400 billion kilowatt-hours annually, or more than 75% of the total electricity generated. Branch provides a less high electricity prices for domestic consumers, compared with many European countries, which is very important in modern conditions.
Turkmen Deputy Prime Minister and Foreign Minister Rashid Meredov and China’s newly appointed ambassador Sun Weidong mulled the Turkmenistan-China cooperation in trade, economy and energy in a meeting in Ashgabat Oct. 25.
Alternative and renewable energy sources won't be able to completely replace the traditional ones, Azerbaijan's Energy Minister Natig Aliyev said, according to the message of the country's Ministry of Energy released Oct. 19.
Unlike Russian gas pumped via Ukraine and Germany, that flowing through Turkey will face tough competition from Azerbaijani, Iranian, Iraqi, and possibly even Turkmen and Israeli gas. Gazprom’s rivals won’t need to ship their gas as far, and they will have much lower pipeline construction costs. The gas market in southeastern Europe is not that big and doesn’t have a lot of room for growth.
The demand for Iranian petrochemical products from European countries has increased in the first half of the current Iranian fiscal year, Ali Mohammad Bossaqzadeh, director of production control at National Petrochemical Company (NPC), said.
China’s top nuclear official discussed peaceful nuclear cooperation with Iranian counterparts during a visit to Tehran on Oct.17.
A recent decision by the Office of Foreign Assets Control (OFAC), which is a part of US Department of the Treasury, is extremely good news for the Iranian economy, a US based economist believes.
TAPITurkmenistan has borrowed $700 million on October 14 from the Islamic Development Bank (IDB) to finance the construction of a natural gas pipeline through Afghanistan to Pakistan and India, the country's official news agency said .
The Russian oil pipeline company "Transneft" has sold some sections of pipeline to Switzerland.