Iraq invites Turkish companies to undertake oil projects
Iraqi Oil Minister Hussein al- Shahristani Thursday invited Turkish companies to play important roles in the reconstruction of oil fields in Iraq, Xinhua reported.
"There are a lot to be done, such as the construction of pipelines, oil storage facilities, oil stations and refinery facilities. Hereby, I invite Turkish companies to make business in Iraq," Shahristani said in an interview with the semi-official Anatolia news agency in Iraq.
"They can undertake many projects in Basra, which is the oil production center, and other cities," he said.
"Turkish companies are qualified and experienced, which have made business in Iraq before. They can play important roles in Basra and Kirkuk," added Shahristani.
He said Iraqis are exerting efforts to increase the oil volume exported through the Kirkuk-Yumurtalik pipeline, noting that they are planning to improve the natural gas fields to better meet the gas demand of Turkey and the European Union countries.
Iraq, which boasts the world's third-largest oil reserves and the tenth-largest gas reserves, needs a huge amount of investment fund to repair the failing infrastructure due to years of sanctions and war.