World Bulletin / News Desk
Turkish Petroleum Corporation, or TPAO, won a tender for exploring oil in a field in Iraq's Basra region, TPAO deputy head said.
Besim Sisman said TPAO and its UAE and Kuwait partners won the tender as the sole bidder for the management rights of the 9th bloc at an oil field in Basra.
Sisman said TPAO had a 30-percent share in the consortium and it would initially invest $150 million, adding that the company would cover 30 percent of the overall investments planned over the next 20-25 years.
Sisman said the latest tender earned the fifth contract for TPAO in Iraq.
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BIST 100 index climbs 0.41 percent, while US dollar/Turkish lira rate stands around 3.52
Suspects include catering company's chief executive
NGOs are the keystone of the nation's unity and solidarity, says Turkish President Recep Tayyip Erdogan
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Tons of hashish among illegal narcotics seized in Diyarbakir province
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‘Our export trade with the EU is 49 percent, import 40 percent, 44 percent of foreign trade in total,’ Nihat Zeybekci says
A total of 2.9 million refugees have been hosted by Turkey, UNHCR says
Up to 750 young African and Turkish leaders will be trained by the Council between 2017 and 2023