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.
Police detained a man, believed to be mentally unstable, for questioning
Friday's dailies mostly cover the Taliban bomb attack on a Turkish convoy in Afghanistan and Turkish football team Besiktas which dramatically beat Liverpool 5-4 on penalties in the UEFA Europa League.
UN high commissioner for refugees says 3.8 million Syrian refugees are registered in neighboring countries.
Turkish defense contractor Aselsan and French defense contractor Thales on Thursday agreed to install Thales-made Lightweight Multi-role Missiles on Turkish Aselsan's launch-pad
Babacan met PM late on Wednesday, triggering speculation but officials dismiss talk of resignation
A mosque was torched Wednesday near the southern city of Bethlehem.
Premier Davutoglu says such attacks will never discourage Turkey from contributing to maintaining peace and stability in Afghanistan.
Ramazan Akyurek detained in Ankara after Istanbul Chief Public Prosecutor's Office ordered the detention.
Thursday’s dailies focus on Turkish president Erdogan’s remarks on latest interest rate cut, aftermath of military aircraft crash in eastern Turkey and further details on 'Shah Firat' operation in Turkey's Syrian exclave.
Turkish President questions whether central bank was under external influence in a speech given in Ankara today.
Turkish parliament’s general assembly accepts first 20 articles of 132-article domestic security package.
Parliament Speaker Cemil Cicek tells Canadian Turks that community groups should become more united.
The security sources said arrest warrants were issued for 54 people and 40 of them had so far been held in simultaneous raids centred on Ankara and spanning 20 provinces across Turkey.
Turkey will make a total two billion lira ($814 million) payment to farmers in support for fuel, fertiliser and forage crop purchases at the end of February
Wednesday's dailies mostly covered the death of four air force pilots who died in a training accident, a bitter war of words over the removal of Turkey's Suleyman Shah tomb in Syria, plus fallout over the interest rate cut by the Turkish Central Bank.
As space agencies reveal plans to send people to the red planet for the first time, AA meets the Turkish architect imagining whole extraterrestrial communities.