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.
Dicle Electric Co. workers were released near the town of Hazro, about 30 km northwest of where they were abducted by a group of masked men
"Some of the weapons they dropped from those C130s were seized by ISIL," Erdogan said
Turkey's major weapons manufacturer to work on F-35 jet missile project with American multinational
Turkey's EU Minister Bozkir expects EU to reject Greek Cypriots' complaint aimed at halting Turkey’s EU membership
Qatari trust will cooperate with Turkey's leading aid agencies AFAD and TIKA in different education projects for Syrian children sheltering in Turkey
The victim is said to be a member of Islamist Kurdish Free Cause Party
A new bill giving more powers to law enforcement agencies to prevent crimes in Turkey is extensively covered by the Turkish dailies Wednesday
Clocks to be switched back by one hour at 4:00 a.m., which will then become 3 a.m. on October 26
The jailed Kurdish separatist leader said on Tuesday the peace process with the Turkish government had entered a new phase since Oct. 15 and he was upbeat over the chances of success.
Party leaders were skeptical about efforts to support the peshmerga fighting in the Syrian city
Vatican unveils schedule for Pontiff's visit to Ankara and Istanbul as conflict grips the region
Turkish Prime Minister says Turkey plans to build third nuclear power plant as a national project
Istanbul prosecutor presents indictment to a court over fatal elevator accident in Istanbul.
Turkish Foreign Minister Mevlut Cavusoglu calls for support for the Free Syrian Army fighting ISIL
The Minister of Family and Social Policies is working to eliminate obstacles that disabled face in getting a job
Prime Minister Davutoglu explains use of new powers will be monitored by a parliamentary rights watchdog