Turkey says agreed with ExxonMobil, Iraqi Kurdistan on oil exploration

ANKARA Tue May 14, 2013 3:45pm BST

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ANKARA May 14 (Reuters) - Turkey has agreed with the Kurdistan Regional Government (KRG) and U.S. oil giant Exxon Mobil on oil exploration in northern Iraq, Turkish Prime Minister Tayyip Erdogan said on Tuesday.

"This is a step with the KRG on exploration work," Erdogan told reporters at Ankara airport before heading to the United States for an official visit. He is due to meet U.S. President Barack Obama on Thursday.

"We will develop our steps after this visit," Erdogan said, referring to the plans for northern Iraq, without specifying what the agreement would involve.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.