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.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
Turkey's assets abroad go up 2.4 percent at end of February 2018, compared to end of 2017: Turkish Central Bank
BIST 100 decreases 0.12 percent; US dollar/Turkish lira exchange rate stands at 4.1020
Hong Kong and China ended down after fluctuating through the morning on data showing the world's number two economy expanded in January-March at the same rate as the previous three months.
For Turkey, Germany is a very important, indispensable partner: Turkish Energy Minister Albayrak says in Berlin
BIST 100 rises 0.69 percent; US dollar/Turkish lira exchange rate stands at 4.0830
The United States, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.
Excluding interest payments, central government budget balance saw surplus of nearly $500M in first quarter of 2018
London's FTSE 100 index fell 0.1 percent to 7,254.83 points, with UK advertising giant WPP diving four percent after chief executive Martin Sorrell resigned over the weekend.
The US, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.