Friday, December 26, 2008

Turkey Looking for more Natural Gas

STANBUL, Dec 25 (Reuters) - Turkey's Energy Minister Hilmi Guler will shortly visit Iraq to sign a deal on natural gas transportation, Prime Minister Tayyip Erdogan said on Thursday.
"The Iraqis view the idea of transporting Iraqi natural gas through Turkey positively. Our Energy Minister will go to Baghdad to negotiate the issue and sign a deal," he told reporters.
Last month Turkish state firms Botas and TPAO and global energy company Royal Dutch Shell announced they had formed a natural gas exploration and marketing partnership in Iraq.
Iraq, reliant for revenue on oil, needs major investment to boost output after years of sanctions and war. (Reporting by Alexandra Hudson; Editing by Andrew Callus)
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