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.
These revelations come just one week after it was revealed that Germany had also been spying on fellow NATO-member Turkey.
Erdogan's first week as president will see him visit the Turkish Republic of Northern Cyprus, Azerbaijan and attend a NATO Summit in Wales.
Ali Babacan, and more recently Finance Minister Mehmet Simsek, have been part of a well-respected economics team that has helped steer Turkey through a decade of growth and stability.
Recep Tayyip Erdogan says that Assad's "divisive" administration in Syria has given rise to the Sunni militant group, Islamic State
Turkey's Foreign Ministry says concerned of Russian activity in Ukraine's east, calls on parties to act in common sense
Twenty-thousand Turkish vessels will set sail on Monday as the country's fishing season starts in earnest.
International credit rating agency Moody's downgrades long-term deposit rating of Bank Asya citing deteriorating fundamentals and deposit volatility
Erdogan's oath-taking in Turkey's first presidential takeover by direct vote is covered by media outlets around the world
Rabah expected Erdogan and Davutoglu to work together to support the Palestinian cause and help end Israel's occupation of Palestinian land
The war began with the Greek invasion of Izmir in May 1919 after the end of World War I with tacit support from the Allies.
The Balkans train journey for students is part of a program to teach students about Turkey's historic role in the region
Pakistan President Mamnoon Hussain welcomed the appointment of Prime Minister Ahmet Davutoglu as he attended the swearing-in of President Recep Tayyip Erdogan
The leadership struggle within the Republican People's Party will be the main item at next week's congress but delegates have already clashed over the timing
US State Secretary Kerry and Azeri President Aliyev congratulate Prime Minister Davutoglu on his inauguration
Interior Minister Ala meets German counterpart, says intelligence officials of both countries start discussing claims of Germany spying on Turkey
Sheikh Abdullah sent a congratulatory cable to Davutoglu on the occasion of the latter's assumption of the Turkish premiership, Qatar's official news agency reported