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Saudi Arabia’s National Commercial Bank. TF has been a frequent sukuk issuer on the domestic market and has also tapped investors in Malaysia via ringgit-denominated deals.
9.0​ Industry & Sectors 9.1 ​Sector news
9.1.1​ Oil & gas sector news
Around 1.32bn cubic metres (bcm) of Russian gas was transferred to Europe from Turkey via the TurkStream natural gas pipeline during the first quarter of 2020​, Turkey’s state-run news service Anadolu Agency has reported.
TurkStream, opened by Turkish President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin on January 8, also transited 428mn cubic metres (mcm) of gas in March to Europe from Turkey via Bulgaria.
In January, when the first gas flow started, around 506 mcm of gas was transferred to Europe, while about 387 mcm of gas was sent via the pipeline in February.
Commercial supplies via the gas pipeline commenced on January 1, 2020.
TurkStream consists of two 930-kilometre-long offshore lines stretching from Russia to Turkey across the Black Sea, and two separate onshore lines that are 142 and 70 kilometres-long, respectively.
The project has a total annual capacity of 31.5 bcm. The first line, with a capacity of 15.75 bcm, is designated for supplies to Turkey's domestic customers, and the second line, with the same capacity, carries Russian gas further to Europe through Bulgaria, although there have been delays in rolling out the required Bulgarian pipeline infrastructure.
Iran ​said on March 30​ it is expected to take three to four days to repair a gas pipeline attacked by terrorists in Turkey and resume gas exports​.
“The pipeline has exploded several times in the past. It is also likely that the PKK [the outlawed Kurdistan Workers’ Party] group has carried out the blast,” Mehdi Jamshidi-Dana, director of National Iranian Gas Co., said.
The pipeline transits around 10bn cubic meters of Iranian gas to Turkey annually. During the 1990s and up until 2013 it frequently came under attack by Kurdish militants. The attacks stopped after a ceasefire was established.
Iranian gas flows to Turkey that were stopped 14 days ago after a suspected terrorist attack on a pipeline have yet to resume​, IRNA ​reported on April 12.
A partnership of Turkish, Chinese and American firms are working on a project to build a 1,000-megawatt (MW) pumped-storage hydropower plant​ in Turkey’s western Anatolian province of Isparta, state-run news service Anadolu Agency has ​reported​, quoting the general manager for hydroelectricity at General Electric Turkey, Marwan Al Roub.
The project will be built by a partnership of Gezhouba Group from China, KAF Teknik Yapi from Turkey and General Electric.
46​ TURKEY Country Report​ May 2020 ​ ​www.intellinews.com