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Turkmen gas project starts second phase
State-owned Turkmengas has begun the $3.4 million second phase of its South Yoloten project, according to international oil and gas service company Petrofac, London. Petrofac will perform the engineering, procurement, and commissioning on the project. The work follows successful completion of the first phase.
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Korea, Japan, Russia to Make Joint Bid for Mongolian Coal Mine
Firms from Korea, Japan and Russia will make a joint bid in January for the rights to develop a large coal mine in Mongolia.
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Turkey, Iran and a nuclear OPEC
Turkey’s facilitator role in nuclear negotiations between Iran and the West (specifically the P5+1) has resumed with some change in form. After much noise and clatter after Turkey voted “no” to the United Nations Security Council’s resolution on a number of sanctions against Iran, the parties chose İstanbul as the venue for their meeting slated for late January 2011, which confirms Turkey’s objective and neutral role and position in these talks.
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Nexans wins contract for submarine power link between Finland, Estonia
French cable maker Nexans has won a EUR180m turnkey contract from Fingrid and Elering, the electricity transmission system operators in Finland and Estonia, respectively, to build a high-voltage direct current power link, EstLink 2, between the two countries.
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Turkey's energy dependence on foreign supply to rise next year
A report prepared by the World Energy Council's Ankara-based Turkish National Committee (DEK-TMK) suggests that Turkey's dependency on foreign energy will continue to increase in 2011 in parallel with the its notable economic growth.
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Ukraine's Yanukovych suggests Russia give up South Stream
A report prepared by the World Energy Council's Ankara-based Turkish National Committee (DEK-TMK) suggests that Turkey's dependency on foreign energy will continue to increase in 2011 in parallel with the its notable economic growth.
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China-Kazakhstan gas pipeline begins construction
The China National Petroleum Corp (CNPC) disclosed Wednesday that the second phase of the China-Kazakhstan gas pipeline has begun construction in Kazakhstan.
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US Senate approves nuclear treaty with Russia
The vote handed US President Barack Obama a major foreign policy victory in his drive to improve ties with Moscow and curb the spread of atomic weapons to other nations.
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