Turkey makes Oil Find near Iraqi Border

The state-run Turkey Petroleum Co. (TPAO) has discovered oil in the Sirnak province, near the southern border with Iraq and Iran.

According to a report from UPI, the company’s regional director, Gokhan Akin, said:

“The oil at the well is at the value of the neighboring country’s [Iraq] oil but the test studies for the daily capacity will be completed within this week.”

The company offered no estimate of the reserve potential at the Caliskan-1 well, which it started exploring six months ago.

(Source: UPI)

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