World Bulletin / News Desk
Speaking on the sidelines of 22nd World Petroleum Congress in Istanbul, of which Anadolu Agency is the global communication partner, Novak said that he does not foresee any problems or dispute on the OPEC agreement to cut production due to the crisis between Qatar and some other Gulf countries.
In May 25, OPEC members agreed to extend their previous agreement by nine more months to March 2018 to lower oil output. The members agreed to continue to lower oil production by 1.2 million barrels per day (bpd) down to 32.5 million bpd.
Russia agreed to cut 300,000 barrels of daily oil production in line with OPEC's latest accord in May 2017.
"We had the opportunity to discuss this issue with Qatari minister here today. He also expressed Qatar's determination to fulfil its responsibilities that it took in December," he said.
Novak held a bilateral meeting on Monday with Qatar's Minister of Energy and Industry Mohammed Bin Saleh Al-Sada during the 22nd World Petroleum Congress.
- First unit of Akkuyu in 2023
Novak also mentioned that Akkuyu nuclear power plant, which will be the Turkey's first nuclear power plant, and said that Russian and Turkish officials discussed the project.
"First unit of the Akkuyu nuclear power plant is to be commissioned by 2023, which is centenary of the Turkish Republic," he said.
On June 19, Russian state-owned nuclear power company Rosatom signed an agreement with Cengiz-Kolin-Kalyon, a Turkish consortium of contracting conglomerates, to sell a 49 percent stake in Turkey's Akkuyu nuclear power plant project.
The plant will have a capacity of 4,800 megawatts in four units and a working lifetime of 8,000 hours per year.
BIST 100 index rises 0.44 pct while US dollar/Turkish lira rate falls to 3.49
The day before, the dollar had rallied against both main rivals and the Dow reached a fresh record high after the US central bank kept alive the chance of a December increase in American borrowing costs.
Monthly index sees decline of 3.4 pct, according to Turkish Statistical Institute
BIST 100 index decreases 0.31 pct while US dollar/Turkish lira rate rose to 3.51
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
BIST 100 index drops 0.02 pct while US dollar/Turkish lira rate stands over 3.48
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
BIST 100 index rises slightly 0.09 pct while US dollar/Turkish lira rate falls to 3.43
BIST 100 index rises 0.10 pct while US dollar/Turkish lira rate stands around 3.46
Borsa Istanbul's BIST 100 index goes down 0.89 pct at close, USD/TRY rate stands around at 3.44