6/23/2008

Turkey among six new countries awarded right to extract oil in Iraq

Hurriyet - Turkey will be included among the six new countries that will be granted the right to extract oil in Iraq, the AFP reported citing an Iraqi oil ministry official on Sunday. "We chose 35 companies of international standard, according to their finances, environment and experience, and we granted them permission to extract oil," the AFP quoted Asim Jihad, spokesman for Iraq’s oil ministry as saying. Six other state-owned oil firms from Turkey, Vietnam, Pakistan, Thailand, Angola and Algeria will also be awarded extraction deals, Jihad added. The agreements, to be signed on June 30, are expected to be short term arrangements although the ministry has yet to provide a timeframe.