Tuesday, July 05, 2005

Turkish-US Partnership to Extract Oil in N. Iraq

Turkish oil company, Pet Oil, will jointly extract oil with a US oil company in the Kifri region of Northern Iraq where rich oil reserves were detected.

The first oil well will be dug next month in Kifri where there is a waste of oil due to the leakages from formerly dug wells. Suggesting that they were about to discover a second Kerkuk (Kirkuk), the owner of Pet Oil Guntekin Koksal added, "We expect billions of barrels of oil here."

(Source: Zaman)

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