Turkey's Energy Minister invites Norwegian investment

Turkish energy minister invites Norwegian firms to invest in hydro power and oil and gas exploration

Turkish energy minister invites Norwegian firms to invest in hydro power and oil and gas exploration

OSLO - Norway and Turkey will strengthen cooperation on gas, oil and hydropower, Turkey's energy minister said in Oslo on Wednesday.

Energy Minister Yildiz told journalists, during his official visit to Oslo, that he asked Norwegian national oil company, Statoil, to supply Turkey with 6 billion cubic meters of liquefied natural gas (LNG) and Statoil are currently considering this request to make the LNG transfer.

Yildiz noted that Norway meets almost all of its energy needs from hydro plants, and added that he spoke to two private Norwegian firms with the aim of beginning a renovation of Turkey's existing hydro plants as well as transferring technology to Turkey.

Oil and gas exploration in the Mediterranean and Black Sea was another topic on the agenda at the talks, where Yildiz invited Statoil to undertake oil exploration and drilling in the Turkish seas.

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