World Bulletin/News Desk
Turkey's energy and natural resources minister said on Sunday that Turkey expected to use 48-50 billion cubic meters of natural gas this year.
Taner Yildiz said that Turkey wanted to ensure oil and natural gas supply security.
"Iraq will have a significant contribution in meeting Turkey's natural gas demand," Yildiz said at the First International Energy Arena in Irbil, Iraq.
Yildiz said Turkey established a network between 65 percent consumption points in its west and 70 percent production points in its east and south.
"Turkey makes best use of its geographical advantages, and will continue to do so," Yildiz said.
Yildiz said Turkish public and private sectors could not remain indifferent to 100-200 kilometer hinterland around itself when it was exploring oil in Colombia and Venezuela.
"With its growing economy, Turkey aims to increase its trade with its region, and to this end, Turkish companies have made significant investments in the north of Iraq," Yildiz said.
Moreover, Yildiz said Turkey supported Iraq's territorial integrity and wished Iraq to maintain its federal and democratic development.
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The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
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Hong Kong and China ended down after fluctuating through the morning on data showing the world's number two economy expanded in January-March at the same rate as the previous three months.
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The United States, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.
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London's FTSE 100 index fell 0.1 percent to 7,254.83 points, with UK advertising giant WPP diving four percent after chief executive Martin Sorrell resigned over the weekend.
The US, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.