Development Road Project Could Generate $80 Billion in Annual Economic Value
Minister of Energy and Natural Resources Alparslan Bayraktar announced that the Development Road project could transform into a comprehensive energy corridor, providing billions of dollars in scale.
Following his talks with Iraqi Oil Minister Hayan Abdul-Ghani, Minister of Energy and Natural Resources Alparslan Bayraktar drew attention to the economic potential of the Development Road project.
Multi-Dimensional Energy Corridor
It is stated that the project could become a multi-dimensional corridor encompassing oil, natural gas, and electricity infrastructure.
An $80 Billion Scale
Through moves such as transporting Qatari gas via Iraq and delivering it to Europe, an annual economic scale of $80 billion could emerge.
TPAO's Role and Kirkuk Fields
The Turkish Petroleum Corporation (TPAO) aims to play an active role in fields across the region, particularly in Kirkuk.
Goal to Make Ceyhan a Global Energy Hub
By increasing cooperation with the new Iraqi government, the aim is to turn Ceyhan into a globally significant energy hub.