information on the energy sector
TURKEY'S FIRST NUCLEAR PLANT GETS $19.9 BLN. INCENTIVE
Turkey's first nuclear plant, Akkuyu Nuclear Power Plant (NPP), will receive an incentive worth nearly $19.9 billion, according to Turkey's Economy Ministry data on Friday.
OPEC REPORTS HIGHEST OIL CUT CONFORMITY LEVEL IN NOV.
The Organization of the Petroleum Exporting Countries (OPEC) and participating non-OPEC producing countries achieved the highest conformity level of 122 percent in November, OPEC announced on late Thursday.
TURKISH PRE-LICENSE WIND ENERGY TENDERS TO OPEN DEC. 25
Wind energy pre-licenses of 2,130 megawatts (MW) will be finalized over a five-day period starting Monday, Dec. 25.
TURKISH HOUSING SALES DROP IN NOVEMBER
The number of residential properties sold in Turkey decreased by 7.5 percent annually in November, the Turkish Statistical Institute (TurkStat) revealed on Friday.
TURKEY’S ERDOGAN TO VISIT 3 AFRICAN COUNTRIES
President Recep Tayyip Erdogan will pay a four-day visit to Sudan, Chad and Tunisia from Dec. 24, his office said Friday.
ALGERIAN LNG VESSEL ARRIVES IN TURKEY
Algerian energy company Hyproc Shipping's LNG carrier 'Lalla Fatma N'Soumer' reached Turkey on December 22, according to ship tracking data on Friday.
SAND HILL PETROLEUM ROMANIA TO INVEST UP TO 20 MILLION EUROS IN 2018
Sand Hill Petroleum Romania SRL (”Sand Hill”) is one of the newcomers in the Romanian Upstream sector (crude oil and natural gas exploration, development and production). Lured by the potential of the local onshore underground, Sand Hill plans to invest up to 20 million euros in Romania in 2018 for exploration.
FP IDENTIFIED THE WORST DAY OF CORPORATE GOVERNANCE IN ROMANIA
Fondul Proprietatea considers 2017 as a a difficult year, marked by blatant disregard, attacks and systematic abuses of corporate governance. On top of this, the vote on Wednesday in the Parliament made it “the darkest day in the history of corporate governance in Romania”. The Parliamentary majority decided to replace professional management in state-owned companies with political appointments.
UNICREDIT JOINS GEFF WITH 45 MLN. EURO EBRD LINE
The EBRD is extending its support for energy efficiency investments in Romania’s residential sector through a loan of up to RON 206 million (EUR 45 million equivalent) to UniCredit Bank Romania SA and UniCredit Consumer Finance IFN SA. The other bank that joined GEFF facility is Banca Transilvania.
WHY WE NEED A COMPETITIVE ENERGY MARKET
Daniel Apostol, Secretary General of ROPEPCA