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Turkey Oil Firm Weighs Partners for $3 2 Billion Gas Project

Turkey Oil Firm Weighs Partners for $3.2 Billion Gas Project Bloomberg 2/8/2021 Ercan Ersoy (Bloomberg) Turkey’s state-owned oil and gas company is considering partnerships and plans to raise funding this year to carry out work on the biggest natural gas discovery in the Black Sea, according to people with knowledge of the matter. Popular Searches Turkish Petroleum Corp. has made preliminary contact with several international oil firms, including some of the majors, to jointly produce gas from the offshore field, said the people, who asked not to be identified because deliberations are confidential. The negotiations may not result in any ventures and the Ankara-based company may still go it alone, they said.

$3 2B Black Sea Project May Take On Partners

Turkey s state-owned oil and gas company reportedly is considering partnerships to carry out work on the biggest natural gas discovery in the Black Sea. (Bloomberg) Turkey’s state-owned oil and gas company is considering partnerships and plans to raise funding this year to carry out work on the biggest natural gas discovery in the Black Sea, according to people with knowledge of the matter. Turkish Petroleum Corp. has made preliminary contact with several international oil firms, including some of the majors, to jointly produce gas from the offshore field, said the people, who asked not to be identified because deliberations are confidential. The negotiations may not result in any ventures and the Ankara-based company may still go it alone, they said.

German Kurdish MP says Erdoğan government serious threat to EU, calls for sanctions

Last Updated On: Jan 10 2021 01:48 Gmt+3 Turkish President Recep Tayyip Erdoğan is a serious threat to the stability of the European Union and the wider region, German Kurdish lawmaker Helin Evrim Sommer told Ahval. Sommer, an MP for Die Linke (the Left Party), said that her party has called for sanctions on Erdoğan and his Justice and Development Party (AKP), but rejected general economic sanctions that would affect the people as well. “If the EU does not want to completely lose its political credibility, it should apply sanctions,” she said. Turkey continued its natural gas exploration, and Erdoğan and his ally Devlet Bahçeli, far-right leader of the Nationalist Movement Party (MHP), broke international law when they visited the deserted town of Varosha in northern Cyprus, Sommer said. Varosha had been closed as part of a U.N.-endorsed buffer zone following a Greek-backed coup attempt and Turkey’s invasion of the island in 1974.

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