Energy cooperation with the central government in Iraq is progressing as planned, Turkish Petroleum Corporation (TPAO) Director General Besim Sisman said on Wednesday.
Explaining TPAO's activities in Iraq and future vision, Sisman said they had four oil and gas projects currently under way in Iraq.
"We have oil projects in Badra and Missan, and the other two are gas projects in Siba and Mansuriya," he said.
The projects amount to 30 billion USD, with the TPAO's share standing at 5.5-6 billion USD, Sisman said.
"Besides the economic benefits, our projects reflect Turkey's regional power," he said.
Stressing that the problems between governments did not obstruct the energy cooperation, Sisman said, "There is no problem in terms of payments. We have received approximately 50 million USD from the Iraqi government for the Missan project."
Sisman said that the TPAO is willing to adopt innovative approaches for the future.
"We will turn the TPAO into an operator company by 2018. We aim to become a global company managing various projects in different countries."
Sisman also said the company intended to purchase oilfields while continuing its oil exploration activities.
AAGüncelleme Tarihi: 08 Ocak 2014, 13:13