Search Site

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

Turkmenistan to supply 2bcm gas to Turkiye: Turkish minister

Turkiye's Minister of Energy and Natural Resources Alparslan Bayraktar. AFP
  • Bayraktar outlined several potential routes for this transportation, including a swap arrangement via Iran or a combination of Iran and Azerbaijan
  • He stressed that a primary consideration is the establishment of a pipeline traversing the Caspian Sea, offering a higher-capacity solution

Ankara, Turkey – Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced on Friday the signing of a memorandum of understanding between Turkiye and Turkmenistan, focusing on collaboration in the natural gas sector and hydrocarbon partnerships.

Under the agreement, the initial phase will involve the transportation of up to two billion cubic meters of Turkmen gas to Turkiye. 

Bayraktar outlined several potential routes for this transportation, including a swap arrangement via Iran or a combination of Iran and Azerbaijan. However, he emphasized that a primary consideration is the establishment of a pipeline traversing the Caspian Sea, offering a more sustainable and higher-capacity solution.

He underlined the significance of these discussions, highlighting the long-term benefits and varied alternatives being explored for the transportation of Turkmen gas to Turkiye.