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Sunday, August 17, 2008

UAE, Turkish firms create Iraq JV

"UAE, Turkish firms create Iraq JV

(MENAFN) Turkish energy company Turkerler and United Arab Emirates-based Crescent Petroleum have formed a joint venture to buy and export Iraqi gas, Reuters reported.

The two companies said in a statement that the venture, Inci Gaz, initially planned to obtain 3.5 billion cubic meters of gas annually from 2011, increasing that volume gradually to more than 10 billion cubic meters."

More:MENAFN - Middle East North Africa . Financial Network News: UAE, Turkish firms create Iraq JV