Turkish state oil company TPAO won contracts to develop two gas fields in Iraq, aiding Ankara's ambitions to become an energy bridge between Europe and the Middle East. [ID:nLDE69J0FQ]
Turkey will invest some $3.2 billion to develop the Mansuriyah field near the Iranian border alongside Kuwait Energy Company and South Korea's Kogas (036460.KS: Quote), and the southern Siba field with Kuwait Energy, Turkey's energy minister said.
The winners of Wednesday's auction will have to brave violence and political uncertainty to build infrastructure and pipelines for the gas which Iraq wants used for domestic consumption, but there is potential for export later."
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