Türkiye in Talks with US to Cooperate on Nuclear Energy Projects

Russia's Rosatom continues construction of the first nuclear power plant in Akkuyu, southern Türkiye (Asharq Al-Awsat)
Russia's Rosatom continues construction of the first nuclear power plant in Akkuyu, southern Türkiye (Asharq Al-Awsat)
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Türkiye in Talks with US to Cooperate on Nuclear Energy Projects

Russia's Rosatom continues construction of the first nuclear power plant in Akkuyu, southern Türkiye (Asharq Al-Awsat)
Russia's Rosatom continues construction of the first nuclear power plant in Akkuyu, southern Türkiye (Asharq Al-Awsat)

Türkiye is holding talks with the United States on the construction of large-scale nuclear power plants and small modular reactors (SMR), a senior Turkish Energy Ministry official said on Tuesday.

“The USA is showing serious interest in Türkiye’s goal of increasing its nuclear energy capacity and building new power plants,” Yusuf Ceylan told Reuters at a conference on nuclear power plants.

Asked about the projects under discussion, he said: “We can consider the areas of existing power plants or new power plants.”

“We are negotiating with the USA for both large-scale power plants and small modular reactors. This is a statement of intent,” he said.

Last month, US Ambassador to Türkiye Jeff Flake told Reuters that Ankara “talked to us and others about (building) small modular reactors.”

Ceylan said negotiations continued with South Korea and Russia for a second nuclear power plant planned to be built in the Black Sea region of Sinop, and with China's SPIC for a third nuclear power plant in northwest Türkiye’s Thrace region.

The construction of Türkiye's first 4,800 MW nuclear power plant by Russia's Rosatom is continuing at Akkuyu in Türkiye’s Mediterranean region.

Ankara plans to build three four-reactor nuclear plants and complement them with SMRs for a total of 20,000 MW generation capacity to diversify its electricity production mix.

The United States earlier held talks with Türkiye on the construction of SMRs, which are still under development. However, no reports showed that the two sides were negotiating large-scale power plants that require billions of dollars of investment.

In May, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said that Türkiye and the US are ready to collaborate in the energy and mining sectors.

Speaking on the sidelines of the 39th American-Turkish Conference in Washington, the Minister said: “We are ready to enhance our bilateral cooperation with the US in the field of energy, minerals and liquified gas.”

US Assistant Secretary for the Bureau of Energy Resources Geoffrey R. Pyatt earlier emphasized the importance of the ongoing talks on energy between Ankara and Washington.

He said both countries have opportunities for cooperation in small modular reactors in nuclear energy and energy transition. Their cooperation comes at a time when the energy issue has become one of the most important global priorities since the Russian-Ukrainian war.

Pyatt had visited Türkiye, Romania and Bulgaria in October 2022 to meet government officials and energy sector leaders for bilateral discussions. In Ankara, he held talks with Deputy Energy and Natural Resources Minister, Alparslan Bayraktar, and other Turkish officials.



Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
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Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.


Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
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Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.


Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
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Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.