Turkey investing heavily in Kurdistan energy sector

Special to WorldTribune.com

ANKARA — Turkey has established a major presence in Kurdistan’s energy sector.

Turkish investment is another victory for autonomous Iraqi Kurdistan after it signed deals with oil majors like Exxon Mobil and Total.
Turkish investment is another victory for autonomous Iraqi Kurdistan after it signed deals with oil majors like Exxon Mobil and Total.

Officials said Turkey’s state-owned companies were operating in the energy sector overseen by the autonomous Kurdish Regional Government.

They cited Turkish Petroleum and Botas, which share an interest in a new joint venture in Kurdistan in cooperation with the U.S. firm Exxon.

“Kurdistan has become a natural trading partner of Turkey because of location and shared interests,” an official said. “This is especially true regarding the energy sector.”

So far, more than a dozen Turkish companies, in a move that angered the central government in Baghdad, have applied to import natural gas through KRG. Ankara has also overseen a project to build an oil pipeline from Kurdistan to Turkey with an initial capacity of 200,000 barrels per day by 2014.

You must be logged in to post a comment Login