World Bulletin / News Desk
Turkish Petroleum Corporation (TPAO) expects to produce 70 million barrels of oil in 25 years at its oil and gas fields in Baghdad.
Speaking to Anadolu Agency (AA) correspondent on Thursday, TPAO's Foreign Project Director Tayfun Yener Umucu reminded that the corporation had bought two gas and three oil fields following the bids in Baghdad earlier this year.
Umucu said that the corporation would spent 6.2 billion USD in 25 years to make investment at its gas and oil fields in Iraq.
"We are expecting 70 million barrels of oil in next 25 years in return for what we spent in there. This is an equivalency to investment we have made and the allowance we will receive," said Umucu.
Meanwhile TPAO signed an agreement with the Kuwait Energy and United Arab Emirates' Dragon Oil company on an oil field.
Turkish jets have joined in coalition strikes against ISIL
No information regarding the identity of 14 ISIL supporters who have been arrested in the south of Turkey has been given provided
A deputy from the ruling AK party bFirst headscarf-wearing woman named minister in Turkeyecomes the first minister wearing a headscarf in the history of Turkey.
Having cancelled visa-free entry for Libyan nationals, Turkey now looks to introduce electronic visas
Two police officers amongst a group were targeted by PKK members as they left hospital in Sanliurfa, south east Turkey
Turkish Prime Minister Ahmet Davutoglu says the new cabinet 'represents every color of Turkey'
President Recep Tayyip Erdogan has approved the interim Cabinet list
Two Britons detained by Turkish security forces for working without government accreditation
Ahmet Davutoglu says he will pass list to president for approval Friday afternoon
Turkish dailies cover both praise and criticism for rebel MP who defied party line to take position in interim government
Soldiers standing guard near a highway in southeastern Turkey were attacked by PKK members
Peoples’ Democratic Party's (HDP) Istanbul deputy Tuzel says he will not take part in the interim government because of alleged negative aims of AK Party
Thursday’s dailies cover interim-government moves plus a 4.5G network tender which has seen a record bid worth $4.4 billion
President's comments were a message to voters to vote for ruling AKP and return its overall majority, thus avoiding instability
Davutoglu gives candidates one day to accept or decline ministry seats
Wednesday’s dailies mainly cover moves to form an interim government, plus the aftermath of flooding in northeastern Turkey