Search Results for: Turkey

BY PAUL COCHRANE, in Damascus
A EUROPEAN Union (EU) sponsored gas cooperation centre working with the Syrian government has called for a review of the value of gas in the region and the completion of the much-vaunted Euro-Mashreq gas pipeline.

The 1,300 kilometre 36-inch gas pipeline, which will link Egypt, Jordan, Syria, Lebanon, Turkey and eventually Europe, is 60% complete.…

BY KEITH NUTHALL, ALAN OSBORN and PAUL COCHRANE
WITH the European Union (EU) securing around 25% of its gas from Russia and natural gas being an ever more important fuel for thermal power plants, the failure thus far of the European Union and Russia to agree a new long-term energy agreement has to be of concern to the electricity industry.…

BY KEITH NUTHALL
A NEW European Commission policy paper (Communication) on EU Black Sea policy suggests expanding eastwards the EU-sponsored Energy Community Treaty, which binds Balkans countries to EU energy laws. This could be expanded to Moldova, Turkey and Ukraine, with a special memorandum of understanding being forged with Azerbaijan.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is lending Euro 24 million to rehabilitate and expand a key soda ash plant in war-damaged Bosnia & Herzegovina to help invigorate the local economy, which remains sluggish, despite 12 years of peace.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending US$50 million to American oil and gas producer Toreador Resources Corporation for tapping Black Sea natural gas off Turkey’s European coast. The gas will be supplied to consumers in Romania and Turkey.…

BY KEITH NUTHALL
WITH the key May 18 European Union (EU)-Russia summit in Samara, Russia, looming, the European Commission is continuing efforts to find suitable alternative energy partners to Moscow. Russia and the EU want to start tough negotiations on forging a new energy agreement, with both sides firming up their positions.…

BY KEITH NUTHALL
THE EUROPEAN Commission has dispatched 1.5 million doses of trivalent vaccine to fight foot-and-mouth disease (FMD) in Thrace, Turkey, on the European mainland, near the country’s borders with Greece and Bulgaria. Brussels is concerned that FMD is endemic in parts of Turkey, especially with two outbreaks being reported this year close to the European Union, where livestock has free movement.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development is planning a Euro 40 million loan to the Turkish-owned SiseCam group, aiding its further expansion in the Russian glass beverage container sector. This will help fund the construction of a plant near Ufa, central Russia, to be run by Ruscam-Ufa LLC, a subsidiary of SiseCam’s Anadolu Cam, the largest producer of food and beverage containers in Turkey.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending US$50 million to American oil and gas producer Toreador Resources Corporation helping it develop natural gas resources in the Black Sea’s South Akcakoca Basin, off Turkey’s European coast.…

BY MARK ROWE
MEMBERSHIP of the European Union (EU) appears to represent something o a ‘promised land’ for the nations of the Balkans. A major sticking point for countries pushing for membership, though, is corruption, and in particular efforts to push through practical and applicable anti-fraud legislation.…