Turkey wins contracts worth €550 mln from Iraq

Asked about his meeting with the Iraqi president, Tuzmen told reporters late Sunday: "Everybody is in favor of peace. Everybody wants to embrace peace," according to Anatolia news agency.
Turkey, the only Muslim member of NATO, has strong reservations about possible military action against its southeastern neighbor, but is under pressure from its key ally the United States to back a possible war to oust the Baghdad regime.
Ankara fears turmoil in Iraq would hit the fragile Turkish economy and spark unrest on both Kurdish-populated sides of the Turkish-Iraqi border.
Turkey says it incurred losses of around 40 billion dollars from trade embargos slapped on Baghdad for its 199O invasion of Kuwait.