In negotiations with the KRG and several companies, Turkish leaders have outlined a package of upstream investment and pipeline construction. A final decision is imminent.

UPDATE: Turkey, Kurdistan push toward massive deal

UPDATE: Turkey, Kurdistan push toward massive deal
Turkish Energy Minister Taner Yildiz (L) and KRG Minister of Natural Resources Ashti Hawrami at a press conference in Erbil, May 21, 2012, after announcing joint cooperation on oil, gas and fuel exports. (AZAD LASHKARI/Reuters)

Leaders in Turkey and Iraq's semi-autonomous region of Kurdistan are negotiating to finalize a massive deal for Turkish state-backed oil and gas development and the construction of pipelines."We are having serious discussions with the company," said KRG Prime Minister Nechirvan Barzani, referring to a new state-backed company that is being created to carry out the deal. "We hope they participate in the region."Such cooperation would greatly bolster the Kurdistan Regional Government (KRG)...

This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.