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.

Turkey's TPAO awarded second Iraq oil deal

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.

AA

Last Mod: 18 Mayıs 2010, 14:49
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