Azerbaijan, Baku, June 20 / Trend A.Tagiyeva /
Iraqi Kurdish autonomy will start exporting gas to Turkey in 2016, Minister of Natural Resources of the Kurdish Regional Government Ashti Hawrami said, Hürriyet newspaper reported on Thursday.
It is reported that the price of gas from Iraq's Kurdish autonomy will be half the price of Russian gas exported to Turkey. At the first stage the Kurdish autonomy is going to export 10 billion cubic meters of gas to Turkey.
Earlier, deputy general director of the state pipeline company Botaş Mehmet Konuk said that by 2020 Turkey expects growth in demand for natural gas to 70 billion cubic meters, which is an indication that Turkey has to diversify gas supplies to the country.
Minister of Natural Resources of the Kurdish autonomy also said that oil exports from the Kurdish autonomy will start in September this year.
According to the Minister, a new Turkish company with the participation of the Turkish private sector and foreign investors will be created for the work in the fields of Iraq's Kurdish autonomy.