Tuesday 27 August 2013

BUSINESS - Turkish minister hopes UAE firm’s exit motives not political

BUSINESS - Turkish minister hopes UAE firm’s exit motives not political:

"The Turkish energy minister has said he hopes the Abu Dhabi firm’s consideration to exit the coal-fired power plant project in Turkey were not “political,” adding Turkey had already started talking with other countries.

“I wish that TAQA [Abu Dhabi National Energy] company’s choices weren’t based on political reasons,” the Energy Minister Taner Yıldız told reporters, commenting on the several media reports that have claimed that TAQA, the state-owned oil explorer and power supplier, may exit the $12-billion energy project.

“It seems like the latest incidents in Egypt and Syria have put TAQA in a position to make choices about its energy investments from its perspective,” Yıldız said."

'via Blog this'

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