News

Turcas Petrol to enter energy market in Iran

Published

May 5, 2016

Comments

0

Share

Published:

May 5, 2016

Comments:

0

Share

Turkish energy company Turcas Petrol is looking at entering the Iranian energy market through investments in oil, gas or renewables, following the lifting of most of the sanctions against the Islamic Republic. “We believe we must definitely be in Iran,” company’s chief executive Batu Aksoy told journalists, as reported by Hürriyet Daily News. At a time when global growth is slowing, such a market can be a driving force, both for the world and for Turkey, he added.

At a time when growth in the world is stalling, a market like Iran could be a driving force, the company’s chief executive said.

Turcas is interested in teaming up with a local company but is also open to cooperating with Turkish firms, Aksoy said. “We have established networks before the lifting of sanctions. Now the embargo is lifted, they are more sympathetic to doing business with us,” he stated.

Supplying natural gas from Iran, projects for oil and its derivatives, as well as renewable investments, are all on the agenda, he said.

Related Articles

offshore-wind-capacity-istock

Record 21.1 GW of new offshore wind capacity deployed in 2021 – GWEC report

29 June 2022 - By the end of this decade, 260 GW of new offshore wind is forecast to be added globally, with total capacity reaching 316 GW

G7 reverses climate policy support LNG gas nuclear power

G7 reverses climate policy with support for LNG, gas, nuclear power

29 June 2022 - The G7 reaffirmed its commitment to climate goals, but it backed the deployment of gas, particularly LNG, and of nuclear power

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets

offshore-wind-installation-vessels

EU faces challenges in delivering on ambitious offshore wind target

28 June 2022 - The ambitious target could prove challenging due to expected shortages of specialized offshore wind installation vessels