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19:01, 25 July 2014 Friday
Update: 14:41, 26 July 2012 Thursday

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Energy Allied International plans to invest around 2 bln USD in Turkey
Energy Allied International plans to invest around 2 bln USD in Turkey
(File Photo)

"Turkey spends around 650-700 million USD in importing two products that Energy Allied International plans to produce in Turkey. Their investment would be a crucial one in preventing current account deficit," Caglayan said.

World Bulletin / News Desk

Turkish Economy Minister Zafer Caglayan said on Thursday that Energy Allied International company had plans of investing in Turkey.

"Energy Allied International plans to invest around 2 billion USD in Turkey," Caglayan stressed.

Minister Caglayan received Energy Allied International's CEO Mike Nassar, Wolverine Power Group Limited's CEO Dennis Werner, Wolverine Power Group Limited's President Tom Hogan and IC Limited's Financial Adviser Ibrahim Cakir in Ankara on Thursday.

"Turkey spends around 650-700 million USD in importing two products that Energy Allied International plans to produce in Turkey. Their investment would be a crucial one in preventing current account deficit," Caglayan said.

"Energy Allied International has an important project to produce chemical substances from coal," Caglayan stressed.

Answering a question, Caglayan said that Turkey's exports to Syria between January 1, 2012 and July 25, 2012 dropped 65.6 percent when compared to the same term last year.

 



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