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.
The US again slammed Turkish Prime Minister Recep Tayyip Erdogan’s recent remarks in which he compared Israel’s military attacks on Gaza Strip to the acts of Nazi leader Adolf Hitler.
Muslims can no longer be unified under the rule of a single ruler like a caliph but could emulate political blocs like the European Union, Gormez said
Turkish president calls for urgent ceasefire as country starts three days of mourning for Gaza dead.
At least 76 officers were detained in 22 provinces around the country on suspicion of forming a criminal organisation and illegally bugging phones
Turkish dailies on Tuesday continued to give wide coverage to the Israeli offensive in Gaza, the upcoming Turkish presidential election and a Malaysian airliner which was downed over eastern Ukraine.
Turkey's government announced a three-day period of national mourning, starting on Tuesday, in a show of solidarity with Palestinians in Gaza.
The attack on southeastern Sanliurfa city leaves twoTurkish soldiers on border duty dead and injured two others late on Monday.
A man died and another 65 people were injured in a gas truck explosion on Diyarbakir-Bingol highway.
Turkey's telecoms regulator has blocked access to 110 web sites over last five years for providing illegal online gambling.
'We strongly condemn this massacre, which has reached the cruelest level in collective punishment,' says Turkey's foreign ministry.
Erdogan said he will not act according to conventions. Rather, he will act according to the constitution.
Turkish dailies on Monday focused on Israel’s military operation in Gaza plus Turkish Prime Minister Recep Tayyip Erdogan’s remarks on the upcoming presidential elections.
Erdogan criticized Egypt's al-Sisi, accusing him of blocking humanitarian aid to the blockaded Gaza Strip.
The Kurecik early warning radar system in eastern Malatya province does not share information with non-NATO members, the Foreign Ministry said.
Turkish government has not sold jet fuel to Israel, Energy Ministry said
Prime Minister Recep Tayyip Erdogan called on the US to contribute to world peace during an interview on Turkish television.