Turkey to import northern Iraq gas
Ankara, September 14, 2013
Turkey's energy watchdog has issued its first licence to import natural gas from northern Iraq to a Turkish company, paving the way for increased energy imports from Iraqi Kurdistan.
Istanbul-based Siyahkalem Engineering Construction Industry and Trade was issued a licence, valid for 26 years, to import natural gas from northern Iraq, energy officials said. Imports are set to start next year.
The company will start importing 700 million cubic metres of natural gas in 2014 and will aim to increase the amount to 3.2 billion cubic metres annually by 2033, an energy official said, citing plans submitted by the company.
Siyahkalem was not immediately available for comment.
Turkey has been courting Iraqi Kurds for the past year, pushing to increase cooperation as Iraq's semi-autonomous region which is at odds with the central government in Baghdad over oil payments.
Turkey, facing a large energy deficit, has already teamed up with U.S. oil giant ExxonMobil in the Kurdistan region, a move that has angered Baghdad, which claims sole authority to manage Iraqi oil.
Turkey is set to overtake Britain as Europe's third-biggest power consumer within a decade and relies on gas for at least half of its power generation.-Reuters
More Energy, Oil & Gas Stories
- Total unit inks Elf Lubricants agreement
- Opec raises forecast for 2014 global oil demand
- Mitsui joins DME as trading member
- GE Power Conversion wins major SEC order
- Basra Light crude exports to rebound in April
- Aramco to produce unconventional gas for projects
- Alstom opens smart grid centre in Dubai
- Experts discuss key geosciences issues
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract