Turkish Economy - News & Updates

[Hakan]

If so then which country is fully reliable?

I would increase gas imports from central asia or just do the honorable thing and secure some gas around cyprus.

 

[xenon54 out]

I would increase gas imports from central asia or just do the honorable thing and secure some gas around cyprus.

Its maybe the best option but still not 100% secure, we just need to get gas where the most cheap offer comes from, and divert our sources so none of these countrys can use their gas against us.

 

[olcayto]

This Cypriot, Israeli gas has been so overhyped, you would actually think that they have discovered something really significant

 

[xenon54 out]

This Cypriot, Israeli gas has been so overhyped, you would actually think that they have discovered something really significant

This is from the news @Kaan posted, Greeks loose again.

Israel in talks with Egypt, Turkey on gas export deals. This plan deals a blow to Greek Cypriot LNG plans and could deprive Europe of an alternative to Russian gas. Construction of Turkey's pipeline may start in 2015

 

[olcayto]

This is from the news @Kaan posted, Greeks loose again.

Well the reserves aren't that big. Feasibility studies have been done for a lng plant, which proved that it was not economical. Just the lng plant itself would cost 10 billion dollars.
The Israeli will act smart and rationally, they know that business is business.

But the Greeks? No way, they would rather mass suicide themselves rather than to do sensible business with Turkey.

 

[Hakan]

JAPAN APPROVES NUCLEAR TECH EXPORT TO TURKEY
​

TOKYO — Japanese parliament approves nuclear tech export to Turkey Japan's parliament on Friday approved agreements that allow it to export nuclear technology to Turkey. The pacts restrict any nuclear materials and devices supplied by Japan to peaceful use.

The Turkish government in October signed an agreement with a joint venture between Mitsubishi Heavy Industries Ltd and Areva SA of France to build a nuclear power plant in the Black Sea province of Sinop. It was the first such order for a Japanese company since the triple meltdown at the Fukushima Daiichi Nuclear Power Station, which was caused by the 2011 earthquake and tsunami.

Such exports have become key to the nation's nuclear industry since the Fukushima disaster. The pacts were approved despite strong opposition from the public and environmentalists.

Japan approves neclear tech export to Turkey | Energy | Daily Sabah

 

[Hakan]

Turkish economy minister to visit Qatar
Friday, April 18, 2014

ANKARA - A high-profile Turkish economic delegation led by Turkish Economy Minister Nihat Zeybekci will visit Qatar over the weekend of April 19-20 to boost the two countries’ economic ties, the Economy Ministry said.

Zeybekci will meet Qatar's Prime Minister Abdullah bin Nasser bin Khalifa Al-Thani and will speak in a business forum to attract Qatar's investors to Turkey, according to a statement from the ministry.

Zeybekci will also hold bilateral meetings with Qatar's economy minister.

"Qatar will host the 2022 World Cup and Turkish companies have nearly 117 construction projects worth $13.5 billion in Qatar. The visit aims to have Turkish companies take active roles in other projects," the ministry statement said.

Bilateral trade between Qatar and Turkey was $618 million in 2013, and Qatar has invested more than $700 million in Turkey since 2003. Qatar and Turkey want to double bilateral trade by 2015.

Copyright © 2014 Anadolu Agency

Turkish economy minister to visit Qatar

 

[-SINAN-]

JAPAN APPROVES NUCLEAR TECH EXPORT TO TURKEY
​

TOKYO — Japanese parliament approves nuclear tech export to Turkey Japan's parliament on Friday approved agreements that allow it to export nuclear technology to Turkey. The pacts restrict any nuclear materials and devices supplied by Japan to peaceful use.

The Turkish government in October signed an agreement with a joint venture between Mitsubishi Heavy Industries Ltd and Areva SA of France to build a nuclear power plant in the Black Sea province of Sinop. It was the first such order for a Japanese company since the triple meltdown at the Fukushima Daiichi Nuclear Power Station, which was caused by the 2011 earthquake and tsunami.

Such exports have become key to the nation's nuclear industry since the Fukushima disaster. The pacts were approved despite strong opposition from the public and environmentalists.

Japan approves neclear tech export to Turkey | Energy | Daily Sabah

Guys, this is important news.. why everybody skipped it.

Do you know what comes with "nuclear technology" ?

"Ankara demanded allowance for uranium enrichment and plutonium extraction in a nuclear export deal inked with Tokyo, a Japanese daily quoted as a Japanese Foreign Ministry official as saying.

A clause, which was added in the nuclear agreement signed by the two nations, upon Turkey’s demand prompted concerns over a possible proliferation of nuclear weapons.

The clause at issue allows Turkey to enrich uranium and extract plutonium, potentially creating nuclear material for weapons, Japanese daily Asahi Shimbun reported on Jan. 8.

A senior Japanese Foreign Ministry official claimed the clause was added at the request of Turkey, the daily also reported."

Ankara ‘adds’ uranium clause in nuclear deal with Tokyo - ENERGY

 

[Hakan]

TURKEY'S PROFITS FROM BORON GROWS 25 TIMES IN PAST DECADE
​

ANKARA — Turkey's state mining company Eti Maden's gross profits from the chemical element boron rose twenty-five-fold during the last decade from $17 million in 2004 to nearly half a billion USD last year.

Turkey possesses 72% of the world's known deposits of boron which amount to a total of 3.3 billion tons of reserves.

Boron can be used in making glass and ceramics, in cleaning products and bleaching agents, and also in the manufacture of insecticides. Boron is also used as an ingredient in making insulation and items that give protection from a nuclear reactor. It is also key in producing bullet proof vests.

Other major deposits of boron exist in the United States and in Russia.

In 2013, Eti Maden exported 97% of its boron production of 1 million 847 thousand 440 tons, gross profiting $428 million.

Turkey's profits from boron grows 25 times in past decade | Economy | Daily Sabah

 

[olcayto]

Turkey launches €1.2bn solar tender




Turkey is to put a section of its solar potential to tender next month, beginning with the Elazig and Erzurum provinces in Eastern Anatolia.

The tender from Turkey’s Energy Market Regulatory Authority (EMRA) will reward the highest paying investors with solar power generation licences. It is expected to result in €1.2bn worth of investments.

Site surveys and feasilibility studies have been completed in designated areas and Turkey aims to build a solar power capacity of 600MW. Nearly 500 companies have applied for solar energy generation licenses of up to 7.8GW since last year, reaching a total project value of €15bn.

The selected 258 projects are vying for the 600MW solar generation tender expected to be awarded to winning bidders by the end of the year.

The country aims to have at least 3 gigawatts of installed power made up of solar energy by 2023.

Turkey launches €1.2bn solar tender | Construction News | The Construction Index

 

[Hakan]

Turkey aspires to be top exporter in carpet sector​

Exports of machine made carpets in Turkey surpassed the US$0.5 billion threshold in the first quarter of 2014, suggesting that a global top spot is likely according to the figures of Istanbul Textile and Apparel Exporter Association.

Turkey has become the second largest carpet exporter in 2013 with a $2.2 billion worth of exports, an all time record after China, which exports $2.4 billion of carpets annually.

According to the Association's figures, Turkey's machine made carpet exports increased by 9.9 percent from $497 million in first quarter of last year to $546 million in same period of 2014.

In 2014, exporters are setting their sights on $2.4 billion worth of exports to topple the reigning champion China - a feat achieved four years ago with the Netherlands and with Belgium two years ago.

Currently China leads the competition in the carpet market worths of $13.6 billion exports ,followed by Turkey, Belgium and India.

The sector accounted for 1.45 percent of Turkey's overall exports in 2013.

Turkey aspires to be top exporter in carpet sector | Economy | Worldbulletin News

 

[Hakan]

Turkey not to face water shortages, minister says​

Turkey's water reservoirs are 50 percent full, according to Turkish Forestry and Water Affairs Minister, Veysel Eroglu.

"The country will not face an acute water shortage and there won't be any problems with electricity production," Turkish TRT Haber TV channel quoted Eroglu as saying on April 22.

Earlier, Turkish Energy and Natural Resources Minister, Taner Yildiz said electricity production in Turkey may decrease due to lack of water in the country's reservoirs.

Turkey's Forestry and Water Affairs Ministry said there are 313 reservoirs in the country, as well as 203 small lakes, which are used as reservoirs.

Turkey's water power plants use water from 10 reservoirs during electricity production. Some 47 percent of the water consumed by Turkey's population is contained in reservoirs.

Turkey not to face water shortages, minister says
- Trend.Az

 

[xxxKULxxx]

Türkiye Built 268 Dams, 1000 Ponds & Watering Stations just in 10 Years, That's a Record...

Türkiye 10 yılda baraj yapma rekoru kırdı - Takvim
- 22 Nisan 2014

 

[olcayto]

TURKEY ACQUIRES 53 NEW POWER STATIONS IN FIRST QUARTER

ANKARA — In the first quarter of 2014, 53 new electricity power stations were put on line in Turkey according to officials from the country's energy ministry.

The 53 new stations have added 651 megawatts (MW) to Turkey's electricity production capacity, 70 percent of which is being produced by hyrdoelectric power plants and the remainder produced by wind (136 MW), coal (37 MW) and other renewables such as bio-gases, geothermals and waste heat recovery plants (7.5 MW).

Currently Turkey has 275 electricity power stations but at the end of 2013, the country had 222, according to the energy ministry.

However, in the first quarter of this year, the new stations capacity decreased by around 13 percent compared with the same period in the previous year.

In the first quarter of the 2013, despite having less power stations on line, Turkey's power stations' capacity was 736 MW, and with the addition of new power stations in the first quarter of 2014, the expected increase was hampered by investors hesitation in commiting to new energy projects prior to the 2014 local election results and the capacity dropped to 651 MW.

In March 2013, Turkey had around 57,000 MW of installed electricity and in March 2014, Turkey reached 64,000 MW level which is an increase of 12 percent of its capacity.

As a developing country, Turkey's electricity consumption is rising each year and consequently it has increasing energy needs. The country is now attempting to increase its installed electricity capacity to 100,000 MW by 2023.

Turkey acquires 53 new power stations in first quarter | Energy | Daily Sabah

http://www.enerji.gov.tr/yayinlar_raporlar/2014_Yili_Enerji_Yatirimlari.xls

 

[xxxKULxxx]

Star of 2013 Exports is ASELSAN...

Yılın ihracatçısı Aselsan