Turkey to start buying crude oil, selling oil products to Iraq

Turkey's energy and natural resources minister said Turkey would buy a new seismic vessel, and send it to Turkish Republic of Northern Cyprus (TRNC) to explore oil in the East Mediterranean

Turkey to start buying crude oil, selling oil products to Iraq

World Bulletin/News Desk

 

Turkey's energy and natural resources minister said on Sunday that Turkey would start buying crude oil and selling oil products to Iraq.      

Taner Yildiz said that Turkey ended buying crude oil and selling oil product practice with Iraq in 2007 due to several reasons.

"We will re-launch the practice with tankers," Yildiz told reporters in Irbil, Iraq.      

Yildiz said Turkey was purchasing natural gas from five countries and crude oil from 12 countries, and was eager to raise the number of countries from which it was buying natural gas and oil.      

It was out of question to close Kirkuk-Yumurtalik crude oil pipeline, Yildiz said.      

Yildiz said, "we support utilizing from this pipeline with full capacity. It is working with only 50 percent capacity right now."      

The minister said the pipeline had 70 million tons of capacity, and the higher this capacity was utilized, the more Iraq got normalized.      

Moreover, Yildiz said Turkey would buy a new seismic vessel, and send it to Turkish Republic of Northern Cyprus (TRNC) to explore oil in the East Mediterranean.

Güncelleme Tarihi: 20 Mayıs 2012, 16:08

Muhammed Öylek

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