Oil Marketing Company

Turkey could propose to Russia building an LNG terminal in an energy complex on its border with Greece, as part of talks on planned new gas pipeline with its northern neighbor, Turkish Energy Minister Taner Yıldız has said.

Turkey’s sole oil refiner Tüpraş will begin purchasing crude oil from northern Iraq shipped by pipeline and sold by the Iraqi state’s Oil Marketing Company (SOMO), Deputy General Manager Hasan Tan said on Nov. 21.

The oil will be transported to the Turkish Mediterranean port town of Ceyhan, Tan told reporters on the sidelines of an energy conference.