Talks expected to boost Ankara's energy hub ambitions began on Thursday as Russian Prime Minister Vladimir Putin met with Turkish Prime Minister Tayyip Erdogan.
Putin's visit is also expected to focus on Turkish support for a Russian natural gas pipeline project that Moscow wants to build ahead of a rival European Union-backed pipeline.
As energy markets shrink, the same tactics that the Kremlin used to build Gazprom, the giant energy company, into a fearsome economic and political power that could restore Russian influence in the world are now backfiring, slashing both its profits and its influence.
The European Bank for Reconstruction and Development (EBRD) has launched its first project in Turkey, providing a 45 million euro (US$29 million) loan to build the country's largest wind farm, the bank said on Monday.
President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI Sultan Ahmed Chawla) and Chairman Pakistan-Turkey Business Council, Amjad Rafi Thursday welcomed the installation of first wind power generation plant by Turkish Company, Zorlu Energy, which was launched by Prime Minister Yousuf Raza Gilani on Sunday.
General Electric unit GE Wind, a maker of wind turbines, expects to return to double-digit growth rates in 2010, after being flat in 2009, the head of GE Wind's German business said on Tuesday.
GE Wind's European business is expected to double this year thanks to the launch of new products, Rainer Broering told Reuters on the sidelines of the Hanover industry fair.
Pakistan and Iran are said to have agreed to resolve the disputes on gas pipeline project in accordance with the United Nations Commission on International Trade Law (UNCITRAL), sources in Petroleum Ministry told Business Recorder.
Federal Minister for Water and Power Raja Pervez Ashraf told a press conference on Wednesday that the country's first ever windmill project in Jhimpir, Sindh, will become functional on April 19. This would mark an important beginning towards power production from alternative sources of energy. Built by a Turkish company, the project is part of a 50mw wind farm.
The cleaning up of a toxic waste site discovered in the Tuzla district of Istanbul, Turkey, was suspended temporarily due to a gas leak. Hundreds of barrels, suspected to contain carcinogens, were
Turkmenistan is trying to cash in on Russia's and Ukraine's need for its gas during the severe winter. It has stopped gas supplies to the two countries, saying it wants to negotiate a new price. "The
