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Turkey, Azerbaijan Sign Deal for Pipeline Project

ISTANBUL -(MarketWatch)- Turkey and Azerbaijan signed a deal Monday for the construction of a new joint gas pipeline project, the Trans Anadolu pipeline, which will stretch from Turkey's eastern border to its western border, with the aim of exporting Azerbaijani natural gas to Europe. The deal was signed by Turkish Energy Minister Taner Yildiz and Azerbaijan's industry and energy minister, Natiq Aliyev.
  • Published in Turkey
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Meeting Boosts US Renewable Energy Exposure to Turkish Firms

Image Representatives of a prominent US trade delegation consisting of senior representatives of the US renewable energy sector as well as various US government officials and financial companies enjoyed a final gala dinner on Thursday evening sponsored by the Turkish-American Business Association (TABA). Energy consumption in Turkey is expected to grow 5-7 percent per year through 2023 and is forecasted to require over $100 billion in power generation transmission and distribution investment. Renewables will make up an increasingly large part of the pie, with a 30 percent target for the same year
  • Published in Turkey
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Turkey's October Trade Deficit $8bn, Below Forecast

Image ISTANBUL: Turkey's trade deficit widened 26 percent year-on-year in October to $7.98 billion, data showed on Wednesday, less than a forecast deficit of $8.3, trade deficit rose 63.5 percent to $90.18 billion from $55.17 billion in the same period of last year. The pace of yearly growth of Turkish imports declined to 15.1 percent from its peak of 48.7 percent in February while the pace of yearly growth of Turkish exports stood at 8.9 percent from its peak of 32 percent in August.
  • Published in Turkey
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