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Turkey Signs $3.5B Iran Deal, Despite US

From an elated Reuters:

Turkey to fund 1.7 bln pound Iran gas deal alone

Wed Oct 3, 2007

By Orhan Coskun

ANKARA (Reuters) – Turkey will finance a $3.5 billion (1.7 billion pound) investment in Iranian gas production entirely from a state company of its own as U.S. opposition has put off foreign investors, Energy Ministry officials said on Wednesday.

The United States has objected to a gas agreement between its NATO ally Turkey and the Islamic republic, and is urging countries to cut business ties with Iran over its failure to suspend its nuclear energy programme…

Ankara and Tehran signed a memorandum of understanding in July.

“Turkey can completely cover the necessary amount for the investment,” one of the officials told Reuters. The official said TPAO had not sought credit from foreign institutions, given their unwillingness to finance projects linked to Iran…

Turkish Prime Minister Tayyip Erdogan has defended his government’s deal with Iran, saying no country can ask Ankara to give up the relationships it has with energy suppliers…

Turkey, which is seeking European Union membership, is one of the few countries in Europe increasing energy cooperation with Iran during the heightened tensions

The Turkish energy ministry officials told Reuters TPAO was also interested in investing in Iran’s oil sector after the October agreement was signed

Elections have consequences, even in Turkey.

And with this crackpot hardline Musselman Mr. Erdogan still in charge, Turkey is not going to be much help in the war on terror. In fact, just the opposite.

Why is Turky in NATO again? Exactly what good have they been?

But what the heck, Hillary likes him. And that’s all that matters.

This article was posted by Steve on Wednesday, October 3rd, 2007. Comments are currently closed.

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