Treasury and Finance Minister Berat Albayrak and his Russian counterpart Anton Siluanov signed an agreement last week on using national currencies in payments and settlements between the two countries, the Russian finance ministry said Tuesday.

Turkish President Tayyip Erdogan said on Friday it was impossible for Turkey to stop buying oil and natural gas from Iran, despite the threat of U.S. sanctions, and added that trade between the two countries would continue, according to broadcaster NTV.

The funds will invest 350 billion Danish crowns ($52 billion) in energy infrastructure, green stocks and bonds and energy efficient construction up to 2030, Danish pensions industry association Insurance and Pension Denmark said in a statement.

Bulgaria’s state gas company signed a €1.1 billion ($1.2 billion) contract on Wednesday with Saudi-led group Arkad to build a gas pipeline to carry mainly Russian natural gas.

Turkey's liquefied natural gas (LNG) imports reached a record high at 7.14 billion cubic meters in the first half of 2019, according to Turkey's Energy Market Regulatory Authority's (EMRA) data.

Occidental Petroleum Corporation ("Occidental" or "the Company") (NYSE: OXY) today announced the successful completion of its acquisition of Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC) in a transaction valued at $55 billion, including the assumption of Anadarko’s debt.

Russia expressed its readiness to cooperate with Turkey in its oil and gas explorations in the eastern Mediterranean.

Turkey has made continuous efforts to protect its sovereign rights and the rights of Turkish Cypriots in the Eastern Mediterranean region, where it has been drilling in its exclusive economic zone (EEZ), which was registered with the United Nations in 2004.

The bill would sanction vessels that lay Russian energy export pipelines at least 100 feet below sea level.

The natural gas pipeline project TurkStream, which will carry Russian gas to Turkey and Europe, as well as Turkey's first nuclear power Akkuyu, currently under construction by the Russian firm Rosatom, are two prominent strategic projects.