Iraq signs energy agreement with Turkish Petroleum Corporation

Iraq, eager to supply natural gas to its overburdened power plants, has signed agreements with Korea Gas, Kuwait Energy and the Turkish Petroleum Corporation, or TPAO, to develop two gas fields. The three companies secured rights to develop the Mansouriya field in Iraq’s eastern Diyala province, while TPAO and Kuwait Energy won a license for the Siba field in southern Basra province, Oil Minister Abdul Kareem al-Luaibi said. The government awarded rights to both deposits in October, together with a license for a third field called Akkas reports Hurriyet Daily. “Iraq needs to develop these fields in order to provide the needs of its electricity stations,” Luaibi said Sunday during the signing ceremony in Baghdad and in the presence of the Turkish Energy Minister Taner Yıldız. “Iraq also aims to become a major source for gas in the future,” Bloomberg quoted the Iraqi minister as saying.

Source: Balkans


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password