Iraq - 04

Iraq’s Newest Energy Partnership: Turkish Energy Company and the PKK

Last month Turkish Energy Minister Taner Yildiz announced state-backed TEC’s decision to commence oil exploration operations near Mount Qandil, the PKK’s headquarters in KRG territory. Based on negotiations with Erbil, Yildiz indicated that Turkey would specifically focus on the Hindren and Choman fields, in which it procured 80% of the fields’ shares. Together with the Hindren and Choman fields, Turkey also received the option to invest in the Arbat, Pulkhana, Jabal Kand and Khalakan fields as a result of its negotiations with the KRG. However, to Ankara, the two fields are less about their economic benefit than their strategic utility.

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