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.
"We are taking steps towards trading with Russia, China and Iran with local currencies," he said, ahead of a trip by Turkish Prime Minister Binali Yildirim to Russia for meetings on Tuesday.
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