Patrick Sykes
@patsykes.bsky.social
Energy and Middle East news at Bloomberg in Istanbul.
Views mine. RT ≠ endorsement. [email protected]
Views mine. RT ≠ endorsement. [email protected]
🌍From US natural gas to Southeast Asian oil and and uranium in Sub-Saharan Africa, Turkey is on a global hunt for energy and commodities, leveraging its growing foreign policy clout for an edge in the competition for resources
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Turkey’s Hunt for Energy and Influence Sparks Global Deal Drive
Ankara is signing exploration agreements across continents
www.bloomberg.com
July 23, 2025 at 9:19 AM
🌍From US natural gas to Southeast Asian oil and and uranium in Sub-Saharan Africa, Turkey is on a global hunt for energy and commodities, leveraging its growing foreign policy clout for an edge in the competition for resources
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
OIL: Turkey says it will terminate the Iraq oil pipeline agreement governing crude exports via Ceyhan in July 2026
Ankara is unhappy with the pipeline's under-utilisation, according to a senior official
Ankara is unhappy with the pipeline's under-utilisation, according to a senior official
July 21, 2025 at 7:27 AM
OIL: Turkey says it will terminate the Iraq oil pipeline agreement governing crude exports via Ceyhan in July 2026
Ankara is unhappy with the pipeline's under-utilisation, according to a senior official
Ankara is unhappy with the pipeline's under-utilisation, according to a senior official
Reposted by Patrick Sykes
☢️NUCLEAR: Russia’s state-owned nuclear power company Rosatom is in talks to sell a 49% stake in its $25 billion Akkuyu plant in Turkey
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Russia Weighs Stake Sale in $25 Billion Turkish Nuclear Plant
Russia’s state-owned nuclear power company Rosatom Corp. is in talks to sell a 49% stake in the $25 billion power plant it’s building in Turkey.
www.bloomberg.com
July 1, 2025 at 1:21 PM
☢️NUCLEAR: Russia’s state-owned nuclear power company Rosatom is in talks to sell a 49% stake in its $25 billion Akkuyu plant in Turkey
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
In Turkey, it's an expensive headache for the specialist ships involved in Black Sea gas production, a precision engineering project in which every centimeter maters.
To counter jamming, it's had to buy military-grade anti-jamming gear, but it's expensive and isn't immune
To counter jamming, it's had to buy military-grade anti-jamming gear, but it's expensive and isn't immune
June 30, 2025 at 8:17 AM
In Turkey, it's an expensive headache for the specialist ships involved in Black Sea gas production, a precision engineering project in which every centimeter maters.
To counter jamming, it's had to buy military-grade anti-jamming gear, but it's expensive and isn't immune
To counter jamming, it's had to buy military-grade anti-jamming gear, but it's expensive and isn't immune
The number of false signals due to so-called jamming has exploded in regions of tension like the Black Sea, Baltic Sea and Persian Gulf
June 30, 2025 at 8:17 AM
The number of false signals due to so-called jamming has exploded in regions of tension like the Black Sea, Baltic Sea and Persian Gulf
BIG TAKE: Merchant shipping, the backbone of world trade, is caught in the crossfire of worsening electronic warfare
www.bloomberg.com/news/feature...
www.bloomberg.com/news/feature...
June 30, 2025 at 8:17 AM
BIG TAKE: Merchant shipping, the backbone of world trade, is caught in the crossfire of worsening electronic warfare
www.bloomberg.com/news/feature...
www.bloomberg.com/news/feature...
Saudi Arabia's ACWA will take the first step in its $5 billion plan to invest in renewables in Turkey within days.
ACWA and Turkey are finalising a contract for an initial 2GW of solar, with further talks to follow on up to 3GW of other projects including wind www.bloomberg.com/news/article...
ACWA and Turkey are finalising a contract for an initial 2GW of solar, with further talks to follow on up to 3GW of other projects including wind www.bloomberg.com/news/article...
Saudi Arabia’s Acwa Nears First Deal in $5 Billion Turkey Push
Saudi Arabia’s ACWA Power Co. will build two large-scale solar plants in Turkey under a deal expected within days, the first concrete step in its plan to invest billions of dollars in the country’s en...
www.bloomberg.com
June 26, 2025 at 9:22 AM
Saudi Arabia's ACWA will take the first step in its $5 billion plan to invest in renewables in Turkey within days.
ACWA and Turkey are finalising a contract for an initial 2GW of solar, with further talks to follow on up to 3GW of other projects including wind www.bloomberg.com/news/article...
ACWA and Turkey are finalising a contract for an initial 2GW of solar, with further talks to follow on up to 3GW of other projects including wind www.bloomberg.com/news/article...
Turkey’s Gama Enerji received a non-binding bid of $225-$250 million from Socar’s local unit for the 870MW Ic Anadolu facility, people with knowledge of the matter said
May 6, 2025 at 11:04 AM
Turkey’s Gama Enerji received a non-binding bid of $225-$250 million from Socar’s local unit for the 870MW Ic Anadolu facility, people with knowledge of the matter said
Exclusive: Azerbaijan’s Socar is in advanced talks to buy a gas-fired power plant in Turkey, a move that would see the state-owned producer and exporter of the fuel move downstream into the country’s electricity market
May 6, 2025 at 11:04 AM
Exclusive: Azerbaijan’s Socar is in advanced talks to buy a gas-fired power plant in Turkey, a move that would see the state-owned producer and exporter of the fuel move downstream into the country’s electricity market
Turkey is in talks with a foreign company to explore for oil & gas in offshore Bulgaria, Energy Minister says.
Also eyeing upstream opportunities in Libya, Azerbaijan and Iraq
Also eyeing upstream opportunities in Libya, Azerbaijan and Iraq
April 21, 2025 at 6:05 AM
Turkey is in talks with a foreign company to explore for oil & gas in offshore Bulgaria, Energy Minister says.
Also eyeing upstream opportunities in Libya, Azerbaijan and Iraq
Also eyeing upstream opportunities in Libya, Azerbaijan and Iraq
NICKEL: Turkish billionaire Robert Yuksel Yildirim is seeking to acquire nickel mines worth $2 billion, betting on a price rebound and Western demand to reduce reliance on China.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Turkish Nickel Bull Plans $2 Billion M&A Spree to Rival China
Turkish billionaire Robert Yuksel Yildirim is on a $2 billion hunt for nickel mines, betting that the battery metal’s price will rebound and that the West will want those supplies to cut its reliance ...
www.bloomberg.com
April 17, 2025 at 10:44 AM
NICKEL: Turkish billionaire Robert Yuksel Yildirim is seeking to acquire nickel mines worth $2 billion, betting on a price rebound and Western demand to reduce reliance on China.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Our story from last month:
Turkey — one of the world’s biggest egg shippers — introduced a tax on exports to help control domestic prices, as bird flu outbreaks squeeze supply on the global market.
www.bloomberg.com/news/article...
Turkey — one of the world’s biggest egg shippers — introduced a tax on exports to help control domestic prices, as bird flu outbreaks squeeze supply on the global market.
www.bloomberg.com/news/article...
Major Egg Shipper Turkey to Tax Exports as US Snaps Up Supply
Turkey — one of the world’s biggest egg shippers — introduced a tax on exports to help control domestic prices, as bird flu outbreaks squeeze supply on the global market.
www.bloomberg.com
March 25, 2025 at 6:03 AM
Our story from last month:
Turkey — one of the world’s biggest egg shippers — introduced a tax on exports to help control domestic prices, as bird flu outbreaks squeeze supply on the global market.
www.bloomberg.com/news/article...
Turkey — one of the world’s biggest egg shippers — introduced a tax on exports to help control domestic prices, as bird flu outbreaks squeeze supply on the global market.
www.bloomberg.com/news/article...
🥚Turkish eggs are increasingly off the table for foreign consumers.
The government tripled a tax on egg exports overnight. The levy was introduced in Feb. due to Ramadan, but now looks set to stay
The government tripled a tax on egg exports overnight. The levy was introduced in Feb. due to Ramadan, but now looks set to stay
March 25, 2025 at 6:03 AM
🥚Turkish eggs are increasingly off the table for foreign consumers.
The government tripled a tax on egg exports overnight. The levy was introduced in Feb. due to Ramadan, but now looks set to stay
The government tripled a tax on egg exports overnight. The levy was introduced in Feb. due to Ramadan, but now looks set to stay
Exclusive: Turkey's Botas seeks to charter/buy up to 2 LNG carriers, marking its entry into international shipping as it becomes an increasingly global trader
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Turkey’s Botas Seeks LNG Ships for Move Into Global Trading
Turkey’s state energy company Botas is seeking to procure up to two liquefied natural gas carriers, marking the firm’s entry into international shipping as it tries to become a global trader of the fu...
www.bloomberg.com
March 24, 2025 at 3:57 PM
Exclusive: Turkey's Botas seeks to charter/buy up to 2 LNG carriers, marking its entry into international shipping as it becomes an increasingly global trader
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Turkey is diversifying its oil supplies after its top refiner moved to limit purchases of Russian crude www.bloomberg.com/news/article...
Turkey Shifts Away From Russian Crude as Tupras Buys From Brazil
Turkey is showing signs of diversifying its crude supplies — including importing Brazilian oil — after its largest refiner moved to restrict purchases of Russian barrels in the wake of sweeping US san...
www.bloomberg.com
March 18, 2025 at 12:45 PM
Turkey is diversifying its oil supplies after its top refiner moved to limit purchases of Russian crude www.bloomberg.com/news/article...
Turkey Energy Minister interview highlights:
• Turkey may start supplying natural gas to Syria as soon as summer
• In talks for more US LNG and planning broader US energy cooperation
• Ankara, Azerbaijan working to increase Bulgaria-Turkey gas interconnection capacity
• Turkey may start supplying natural gas to Syria as soon as summer
• In talks for more US LNG and planning broader US energy cooperation
• Ankara, Azerbaijan working to increase Bulgaria-Turkey gas interconnection capacity
March 13, 2025 at 6:43 AM
Turkey Energy Minister interview highlights:
• Turkey may start supplying natural gas to Syria as soon as summer
• In talks for more US LNG and planning broader US energy cooperation
• Ankara, Azerbaijan working to increase Bulgaria-Turkey gas interconnection capacity
• Turkey may start supplying natural gas to Syria as soon as summer
• In talks for more US LNG and planning broader US energy cooperation
• Ankara, Azerbaijan working to increase Bulgaria-Turkey gas interconnection capacity
Owners of oil tankers calling at Russian ports are sending divers and underwater drones to check their ships’ hulls for mines — a precaution following a wave of unexplained explosions on ships
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Oil Tankers Going to Russia Get Mine Checks After Mystery Blasts
Owners of oil tankers calling at Russian ports are sending divers and underwater drones to check their ships’ hulls for mines — a precaution following a wave of unexplained explosions on ships.
www.bloomberg.com
February 28, 2025 at 5:16 AM
Owners of oil tankers calling at Russian ports are sending divers and underwater drones to check their ships’ hulls for mines — a precaution following a wave of unexplained explosions on ships
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Tupras says on earnings call that it's stopped buying Russia's flagship Urals crude oil, and will receive the final cargoes in Feb.
Exclusive: Turkey’s top refiner, Tupras, is restricting its purchases of Russian oil and fuels to avoid falling foul of US sanctions, the latest customer to show wariness in dealing with Moscow
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Turkish Oil Refining Giant Tupras Shies Away From Russian Oil Due to US Sanctions
Turkey’s biggest refiner is restricting its purchases of Russian oil and fuels to avoid falling foul of US sanctions, the latest customer to show wariness in dealing with Moscow following the measures...
www.bloomberg.com
February 18, 2025 at 5:50 PM
Tupras says on earnings call that it's stopped buying Russia's flagship Urals crude oil, and will receive the final cargoes in Feb.
Exclusive: German utility Steag is looking to sell its biggest coal-fired power plant – Sugozu in Turkey – as it phases out burning the dirtiest fossil fuel, according to people with knowledge of the matter
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
German Utility Steag Selling Biggest Coal Plant in Turkey Exit
German utility Steag Power GmbH is looking to sell its biggest coal-fired plant, as it phases out burning the dirtiest fossil fuel, according to people with knowledge of the matter.
www.bloomberg.com
February 18, 2025 at 12:01 PM
Exclusive: German utility Steag is looking to sell its biggest coal-fired power plant – Sugozu in Turkey – as it phases out burning the dirtiest fossil fuel, according to people with knowledge of the matter
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Exclusive: Turkey’s top refiner, Tupras, is restricting its purchases of Russian oil and fuels to avoid falling foul of US sanctions, the latest customer to show wariness in dealing with Moscow
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Turkish Oil Refining Giant Tupras Shies Away From Russian Oil Due to US Sanctions
Turkey’s biggest refiner is restricting its purchases of Russian oil and fuels to avoid falling foul of US sanctions, the latest customer to show wariness in dealing with Moscow following the measures...
www.bloomberg.com
February 13, 2025 at 11:08 AM
Exclusive: Turkey’s top refiner, Tupras, is restricting its purchases of Russian oil and fuels to avoid falling foul of US sanctions, the latest customer to show wariness in dealing with Moscow
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
👇Read the full story here www.bloomberg.com/news/article...
Turkey Bets on New Naval Clout for Edge in High-Seas Power Play
When Turkey’s navy welcomed two new ships to its fleet this month, officials left no doubt about the scale of their mission – or its geopolitical ambition.
www.bloomberg.com
January 24, 2025 at 7:21 AM
👇Read the full story here www.bloomberg.com/news/article...
It's also investing in sea drones, or unmanned surface vehicles, which are set to shake up combat at sea just as they have in the air.
Janes expects the global market USV market to be worth ~$7.8b by 2032
(Video from Turkish Navy)
Janes expects the global market USV market to be worth ~$7.8b by 2032
(Video from Turkish Navy)
January 24, 2025 at 7:21 AM
It's also investing in sea drones, or unmanned surface vehicles, which are set to shake up combat at sea just as they have in the air.
Janes expects the global market USV market to be worth ~$7.8b by 2032
(Video from Turkish Navy)
Janes expects the global market USV market to be worth ~$7.8b by 2032
(Video from Turkish Navy)
Turkey's spending more on defense than ever before, but it's also exporting its homegrown products around the world, with naval systems on order everywhere from Pakistan to Portugal
That brings in welcome cash, but also independence from foreign suppliers
That brings in welcome cash, but also independence from foreign suppliers
January 24, 2025 at 7:21 AM
Turkey's spending more on defense than ever before, but it's also exporting its homegrown products around the world, with naval systems on order everywhere from Pakistan to Portugal
That brings in welcome cash, but also independence from foreign suppliers
That brings in welcome cash, but also independence from foreign suppliers
It's a timely bet amid heightened maritime tensions, from the Houthis in Yemen, to Russia-Ukraine in the Black Sea and underwater sabotage in the Baltic
January 24, 2025 at 7:21 AM
It's a timely bet amid heightened maritime tensions, from the Houthis in Yemen, to Russia-Ukraine in the Black Sea and underwater sabotage in the Baltic