Turkey, Iraqi Kurdistan ink landmark energy deal | GulfNews.com:
"Turkey and Iraqi Kurdistan signed a multi-billion-dollar energy package this week that will help transform the semi-autonomous region into an oil and gas powerhouse, but the deal infuriated the central government in Baghdad.
Friday’s move, which was revealed by sources close to the deal, follows months of secret negotiations.
For energy-hungry Turkey, dependent on imports for almost all of its needs, exploiting Iraqi Kurdistan’s rich hydrocarbon resources will help diversify its energy supplies and reduce the country’s ballooning $60 billion (Dh220 billion) energy bill."
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