Itochu

BELGRADE - Serbian PM Milos Vucevic received Japanese Ambassador to Belgrade Akira Imamura on Friday to discuss bilateral relations, economic cooperation and partnership in joint projects, and noted that next week's visit to Japan by a group of Serbian businesspeople would be a good opportunity to expand cooperation and share experiences.

Japanese trading house Itochu is pulling out of a nuclear power plant project in Turkey due to a surge in safety-related costs, casting uncertainty over the plant's future as well as the Japanese government's infrastructure export ambitions, as reported by Nikkei on April 24. 

British oil giant BP and energy-rich Azerbaijan on Sept. 14 prolonged their sharing deal for the Caucasus nation's largest oilfields until 2050.

"This time round, the contract is being signed on better terms for Azerbaijan," the ex-Soviet nation's President Ilham Aliyev said during a signing ceremony in the capital, Baku.

British oil company BP expects to sign a contract at the end of June extending its production sharing deal for Azerbaijan's biggest oilfields until 2050, the company's regional head said on May 31.

Oil major BP has agreed with Azerbaijan to extend a contract to develop the country's biggest fields by a quarter of a century to 2050 in a move to unlock billions of dollars of fresh investments in the Caspian Sea deposits.

Turkmenistan on Dec. 13 started work on its part of a natural gas pipeline to Afghanistan, Pakistan and India (TAPI), a $10 billion project designed to reduce its dependence on gas sales to Russia and China.

Turkey's plans to bring online its first nuclear power plant in 2019 are likely to be pushed at least three years back, according to a senior Turkish energy official, Reuters reported on Monday.

With ground-breaking for Akkuyu nuclear power plant (NPP) yet to take place, the project would not be online before at least 2022, the unnamed official said.