U.S., Turkey to team up on oil development in northern Iraq
ANKARA — Turkey and the United States intend to launch joint
ventures for oil exploration in Iraq.
Turkish Energy Minister Hilmi Guler said Ankara and Washington have
reached agreement to invest in crude oil development in
northern Iraq, Middle East Newsline reported. Guler said Britain could join the effort.
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"We have reached an agreement with the United States on the issue,"
Guler said on Jan. 11. "The Turkish Petroleum Corp. has an excellent
knowledge of the geology of Iraq. Besides, Turkey has communication channels
open with Shi'ites, Sunnis and Kurds in the country."
Guler said Washington would facilitate investments in Iraq. He said
Turkey and the United States would also send representatives into Iraq to
examine energy projects.
