Energy News

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I will post some energy and energy related news in this thread from time to time, instead of using the old Iran related ones.

Turkey starts talks to buy Saudi oil, minister says

"We aim to increase the number of countries where we buy natural gas from five to seven or eight and the number of countries where we buy crude oil to 14, if possible, from 11. We determined Libya as the 12th country. Tupras has made connections to buy around 1 million tonnes (of oil)," Yildiz said.

The diversification of our oil/gas imports is in full spate.

Turkey has also been working with Venezuela for months on a project under which the South American country would provide oil products to Turkey in exchange for the construction of housing there.

"Our work with Venezuela is now at the final stage. We are working towards a plan where we import petroleum coke in exchange for our contractors' working there," Yıldız said.

Yıldız said a Turkish contractor had already built 1,500 houses near Caracas and that ultimately 350,000 houses would be built.

That's the stuff I want to see, Oil in exchange for the construction of housing.

BUSINESS - General Electric to invest $900 million in Turkey

General Electric Corporation (GE) will make investments worth $900 million in Turkey over the next three years aimed toward infrastructure development and innovation, Turkey’s Economy Minister Zafer Çağlayan said. GE will also produce its wind turbines in Turkey during this three year window, Çağlayan said.

GE is investing in wind parks in Turkey and will also produce wind turbines in Turkey.