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.
Turkish PM says reconciliation deal with Israel will be signed Tuesday
“We see an acceleration in steps to smooth over relations with Russia,” Deputy PM Kurtulmuş says following a cabinet meeting
Ankara reaches deal with Tel Aviv on improving conditions in Gaza, Turkish president tells Palestinian counterpart
PKK terrorists detonated a bomb in Bitlis, leaving one soldier martyred and two others wounded early Monday
A new deal comes six years after an Israeli raid killed Turkish activists on a flotilla seeking to deliver aid to Gaza
Von der Leyen expresses regret for cancellation of German lawmakers' visit to Turkish base
Istanbul police were searching for 51 FETÖ suspects charged with financially supporting the extreme group
- Turkish forces kill 3 PKK extremists in Hakkari province, military says
Governorship says seven people were slightly injured after assailant shot at coaches in Turkish capital
A crackdown on those linked to Erdogan has seen the arrest of 28 people in a number of cities across the country
The Turkish military has bombed positions of PKK terrorist group in Iraq's Hakurk region and Turkey's southeastern provinces
Turkish president and the leader of Palestinian group talk about resolving disagreements between Palestinians
“European countries remain incapable of solving ongoing problems. That's why Turkey should be a member of the union,” Turkey's EU minister says
PKK terrorists have attacked Turkish troops in southeastern Hakkari and Mardin provinces
The 16th Criminal Chamber of the Supreme Court of Appeals in Ankara has ruled that the proceedings against former President, Military Officer Kenan Evren and Tahsin Sahinkaya, a Turkish Air Force Commander, were to be dropped due to the defendants' death and that their defence, while alive, was invalid.
Pascale Moreau says UN 'appreciates' Ankara's work with refugees but calls for political solutions to the crisis