Turkey Says Iraq Oil Deal Talks Underway

Turkish Energy & Natural Resources Minister Taner Yildiz said on Tuesday that a new agreement would be signed with Iraq soon about Kirkuk-Yumurtalik crude oil pipeline.

Speaking to reporters in Ankara, Yildiz said that talks were underway with Iraqi government and Iraqi Petroleum Ministry about the pipeline, and a new agreement would be signed within a week or ten days.

He recalled that the existing agreement about the pipeline expired in March.

Noting that one last meeting would be held with Iraq about the pipeline, Yildiz said that if the two countries reached a consensus on two remaining issues, the new agreement covering the next 15-20 years would be signed.

Regarding natural gas issue, Yildiz said that only 2-2,5 percent of the natural gas, which was consumed in Turkey, was met by local resources, adding that currently a study was underway on coal gasification, and talks were continuing with the U.S. officials about the issue.

Yildiz said that there was a cooperation agreement between Turkey and the U.S. about coal gasification, adding that Turkey sent a sample to the U.S. to examine how appropriate Turkish coal was for gasification.

Yildiz also said that a very important meeting would take place in Mexico in the weekend with participation of energy ministers from 30 countries as well as EU energy commissioner, adding that he would also attend the meeting.

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