Turk TPAO to invest $300-350 mln in Iraqi oil field

ANKARA Dec 14 (Reuters) - Turkey's state-owned petroleum company TPAO will invest between $300-350 million to develop Iraq's Badrah oil field, as part of a Gazprom-led consortium that won rights for the oil field last week, Turkey's Energy Miniser Taner Yildiz said on Monday.

Gazprom owns 40 percent of the venture, South Korea's Kogas holds a 30 percent stake, Petronas owns 20 percent and TPAO owns 10 percent. (Reporting by Orhan Coskun; editing By Simon Cameron-Moore)