Turkey continues energy strategy in Iraq

The state-owned oil company of Turkey finalized two gas deals, increasing its strategic energy investments with its restive southern neighbor.
Iraqi Oil Minister Abdul Karim al-Luaibi (left) and Turkish Energy Minister Taner Yildiz wait to sign the Siba and Mansuriya gas fields contracts at the Iraq Oil Ministry headquarters in Baghdad June 5, 2011. (BEN LANDO/Iraq Oil Report)

BAGHDAD - Turkey is now one of the most strategically important oil investors in Iraq, after inking Sunday the lead and secondary roles in two gas field development deals, bolstering a Turkish economic presence that already includes several oil field contracts.

"We have signed something which is good for all," Turkish Energy Minister Taner Yildiz said at the signing ceremony for the Mansuriya and Siba gas fields, which he flew from Ankara to attend.

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