Tuesday, May 18, 2010

Turkey's TPAO awarded second Iraq oil deal


Shahristani said, Turkish TPAO winning of a second oil producing tender in Iraq will have a positive impact on the relations between Turkey and Iraq.

Iraq's Minister of Oil Husayn al-Shahristani said Tuesday the Turkish Petroleum Corporation's (TPAO) winning of a second oil producing tender in Iraq will have a positive impact on the relations between Turkey and Iraq.

In an exclusive interview with the AA, al-Shahristani said that the TPAO and its Chinese partner CNOOCI International company signed an agreement with the Iraqi Ministry of Oil to extract oil in southern province of Misan on Monday.

We will do all we can to assist TPAO and its partners. We are now preparing a tender for the development of natural gas fields in Iraq. TPAO is well qualified to participate in the tenders involving natural gas, al-Shahristani said.

President of the Executive Board and Director General of TPAO Mehmet Uysal said that "by winning two tenders, the TPAO plans to produce 100,000 barrels of oil per day in the next three years in Iraq".

The oil project in Misan is worth 16 billion USD and involves opening around 350 oil wells, Uysal also said.

Add Comment Send to My Friend Send to Print Related News
Turkey's Turk Telekom buys intl telecom giant Invitel InternationalTurkey-Greece 1st Regional Business Forum set for JuneBabacan says IMF "positive" about Turkey fiscal orderTurkish Finance Minister to join Arab Economic Forum in LebanonITO says Western Thrace crucial for Turkish businesses in Greece tiesMore workers still trapped in Turkey mine blastDozens of Turkish workers trapped in mine blastTurkey's Economy Minister meets IMF delegation in Ankara Turkey's car sales drop by 0.7 yr-on-yr in first four monthsTurkey's CBank expected to keep interest rates unchangedTurkey's unemployment rate drops in FebTurkey says open to offers for another nuclear power plantTurkey to open export products fair in IndonesiaTurkey calls for joint agricultural investments with IranTurkish agriculture minister in Iran for joint comitteeTurkey says enlargement would enrich EU by all meansPrivate pension funds in Turkey rise to $6.6 bln as of MayTurkey to privatize port in its Mediterranean coastAlgeria suspends housing projects, seeks Turkish know-howTurkish travel agencies aim to send more tourists to BosniaTurkish economy 16th biggest, Greece ranked 35, IMF report saysTurkish opposition asks top court to halt reformsTurkey says April budget deficit up by 370 pcTurkey draws $525 mln of foreign investment in MarchTurkish Airlines to fly to Uganda, TanzaniaTurkey plans another nuclear power plant in SinopTurkish govt encourages business to mergers in foreign countriesTurkish govt plans Russia nuclear power plant deal to parliament soonTurkey's PM sets target for Russia trade volumeTurkey ranked fourth in Russia exports list

No comments:

Post a Comment