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Turkey’s Erdogan signals further nuclear projects with Russia

ISTANBUL (AP) — Turkey is planning to expand its nuclear cooperation with Russia to build more power plants, President Recep Tayyip Erdogan said Tuesday.

The signal of deepening ties with Russia is likely to raise concerns among Western allies, who have been worried by Ankara’s closeness to Moscow as the war in Ukraine rages.

Rosatom, a Russian state corporation, is close to completing the Akkuyu nuclear power station on Turkey’s Mediterranean coast. Its four reactors are expected to generate around 10% of Turkey’s electricity when it comes online.

“The Akkuyu nuclear power plant is of great importance in Russia-Turkey relations. We are now in the final stages,” Erdogan said as he sat next to Russian President Vladimir Putin following a one-on-one meeting on the sidelines of the Shanghai Cooperation Organization summit in Kyrgyzstan.

He added that, with Russia, Turkey “will take steps together to open some new power plants, along with the opening of the Akkuyu nuclear power plant.” His remarks were reported by Turkey’s state-run Anadolu news agency.

Erdogan also described relations between the two countries as being “at a much more advanced level today than in any previous period.”

Putin, meanwhile, referred to Turkey as “one of our privileged partners.”

Turkey is dependent on energy imports, with around 70% of its energy needs being met by foreign sources.

Turkey’s Russian imports were valued at $42.37 billion last year, according to United Nations international trade figures. Energy accounted for $29.8 billion.

Oil giant Chevron is expected to announce it will expand operations in Venezuela, US official says

WASHINGTON (AP) — Oil giant Chevron is expected to soon announce it will expand operations in Venezuela, a U.S. official said Tuesday. The official, who briefed reporters on the expected announcement, said that the company’s officials and Energy Secretary Chris Wright are expected to visit Venezuela on Wednesday where the new investment will be formally unveiled. The official spoke under condition of anonymity under ground rules set by the White House for the call. Chevron is the second-largest U.S. oil company and the only one with a major presence in Venezuela. Chevron did not immediately respond to a request for comment. The announcement comes after the White House confirmed on Monday it is partnering with North American Blue Energy Partners (NABEP) as part of President Donald Trump ’s push to tap into Venezuela’s oil industry.
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