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.
Wheelchair-bound Bennur Karaburun told colleagues: 'Let's wear our shrouds'
Istanbul court also orders release of 29 suspects linked to Fuat Avni's Twitter account
Soldiers recall orders to shoot civilians in their court testimonies
Customs and trade minister also says state of emergency enables Turkish government to make quick decisions
More than 2000 institutions affiliated with US-based preacher Fetullah Gulen are closed amid anti-coup probe
Prime Minister Binali Yildirim will chair the body
Extremists target police checkpoint in Tunceli province
Ibrahim Kalin says claiming coup was staged the same as claiming 9/11 was orchestrated by US
Thousands of coup suspects to face trial after court appearance
Turkey detains Gulen's nephew after attempted coup, refresh for updates
The detention period to not exceed 30 days during state of emergency, official gazette reveals
EU has consistently criticized Turkey since the coup bid but Turkish President Recep Tayyip Erdogan has hit back saying that the EU was prejudiced and their statements contradictory
Istanbul judge Irfan Karagoz was remanded in custody on Friday
Rifles, grenades found by gendarmes near Marmaris hotel
Articles in Western media mischaracterize the state of emergency, ignore FETO's threat to democracy
Erdogan visits parliament for first time since failed overthrow