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Turkey’s Botas, Shell sign gas deal in Iraq

ANKARA, Turkey (AP) — Turkey’s state-run gas company Botas and Royal Dutch Shell PLC signed a preliminary agreement on Thursday for natural gas exploration and marketing in Iraq.

The consortium will also look into means of exporting excess natural gas to Europe through Turkey, the agreement said.

An estimate of the value of the deal was not disclosed.

Energy Minister Hilmi Guler, meanwhile, said Turkey’s state-run oil company TPAO was also holding talks with the Iraqi government to explore Iraq’s western Akkas gas field, near the Syrian border.

Copyright © 2008 The Associated Press. All rights reserved. 
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