Ginil energy plans to increase oil production in Kurdistan region

[Hue Mi]

Ginil energy plans to increase oil production in the Kurdistan region

Created date of Thursday, 09 August 2012 21: 52



The company "ginil energy" for energy production, wished to cooperate with Turkey in the area of energy, to move the Kurdistan oil and natural gas needs.

Director of the company, "Mehmet", the company aims to transfer oil from Kurdistan to Turkey, which you'll see an increase in demand for energy, meet the requirements of development, where you will find available at cheap prices near them, instead of resorting to Iran and Russia and Azerbaijan.

He added that the company aimed to raise its oil production to reach 1 million barrels a day, while natural gas extraction, bekimat worth 10-15 billion cubic metres, where you need Turkey every year to around two billion cubic meters of gas, due to increased development. This increases the importance of cooperation between the company and Ankara.

A" company, aims to extend the line to transport oil and gas across Turkey, linking the line with Jehan, the company plans to a new pipeline along the 600 km, with an estimated cost of around one billion dollars, after the Kurdistan Regional Government's decision to raise oil production.

PUKmedia from Anatolia news agency 21: 50: 54 2012-08-09

[Hue Mi]

Turkish companies increase their shares in Kurdistan

Date: Tuesday, 07-08-2012 08: 42 pm
Baghdad-agencies. '

Website of the Azerbaijani trend news agency quoted Turkish Lira, Turkish oil company ginl Energie has bought a 21% share of its orbit in “ Pena Buffy most oil in Kurdistan worth 240 million dollars as earlier reports said the company itself had bought the share of 23% in the same field,

spokesman Assem Jihad, the oil Ministry said that Baghdad will “ sanctions on Turkish firms if they sign contracts for oil and gas with Kurdistan without the permission of the Government Most central Iraq.

Times read: 119-comments: 0