• Tuesday, 30 July 2024
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Turkey in talks with US Chevron for Kurdistan Region: Sources

Turkey in talks with US Chevron for Kurdistan Region: Sources
Merve Erdil - Hurriyet ,After Turkish Prime Minister Recep Tayyip Erdogan’s announcement that a Turkish company would be partnering with the Kurdistan Regional Government (KRG) and Exxon Mobil to carry out oil exploration in northern Iraq before his U.S. visit last week, Turkey is now reportedly in talks with U.S. energy company Chevron about activities in Iraqi Kurdistan Region .

Turkish officials and the executives of Chevron have been talking about oil and natural gas pipelines that are planned to be built from the KRG through Turkey, according to sources.

However, Exxon is also looking for a partnership with Turkey in the KRG, and Chevron’s approach to Turkey is reportedly different to Exxon’s. Chevron executives and officials from Turkey’s Energy Ministry are also negotiating on the construction and the financing of the new pipelines, the sources said.


During Erdogan’s U.S. visit, he was expected to seek Obama’s support for further energy deals that Turkish companies are hoping to strike in northern Iraq. “An agreement was in place for a Turkish company to become a partner with Exxon and the KRG, and details will be clearer after the U.S. visit,” Erdogan had said. Exxon, a global oil company based in Texas, was the first to sign up for exploration deals with the KRG. Others including Chevron, Totali and Russia’s Gazprom Neft have followed.

In November, Baghdad blocked Turkish national energy firm TPAO from bidding for an oil exploration contract, a decision that Erdogan had said was not “smart business.”
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