Itochu Corp.

Turkey has entered exclusive preliminary talks with U.S.-based Westinghouse Electric Company, part of Japan’s Toshiba group, on building the country’s third nuclear power plant, Westinghouse said.

The talks will continue for six months and will be conducted by Turkish state-owned electricity generation company EÜAS, Turkish energy officials said Nov. 25.

Azeri state oil company SOCAR has signed a $3.29 billion financing deal with 23 banks and export credit agencies for the construction of a refinery on Turkey’s Aegean coast, SOCAR’s Turkish subsidiary Petkim said on May 30.