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FINANCIAL NEWS
TAPO to bid for gas projects in Iraq
18 Apr 2010
(MENAFN) The Chief Executive Officer at the state-run Turkish Petroleum Corporation (TPAO) said that the company is planning to bid for development of Iraq’s Akkas, Mansuriyah and Siba natural gas fields, Reuters reported.
The CEO affirmed in an interview that TPAO aims to bid for the Akkas field in partnership with Italy’s Edison, and added that Chevron and Chinese firms are interested in gas and oil exploration in the Black Sea.
TPIC, the foreign exploration unit of state-run Turkish Petroleum, won a $318 million contract to drill 45 wells in Iraq’s supergiant Rumaila oilfield in March.
The company is also pressing ahead with its oil exploration efforts in the Black Sea, which Turkey shares with several other countries including Russia.
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