Turkish Energy Minister Taner Yildiz (left) with Turkish Ambassador to Iraq Murat Ozcelik at the Baghdad offices of Turkish Petroleum Corp. Sept. 19, 2010. Earlier that day, Yildiz and Iraqi Oil Minister Hussain al-Shahristani signed a 15 year extension to the agreement operating the northern Iraqi oil pipeline. (BEN LANDO/Iraq Oil Report)
BAGHDAD - Not only is Iraq's northern neighbor, Turkey, the relay point for a quarter of Iraq's oil exports, but it also aims to be the main hub for the country's up-and-coming natural gas exports.
Turkey is at the world's energy crossroads – especially if the planned Nabucco pipeline comes through to supply Asian and Middle Eastern natural gas to European customers, reducing their dependence on Russian sources.
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