Turkey to carry out first deepwater exploration overseas in Somalia

On Wednesday, a unit of state-owned Turkish Petroleum awarded a $425 million contract to Italian offshore contractor Saipem to continue the development of its Sakarya field, Turkey's largest offshore natural gas field.

Earlier in December, the company also signed hydrocarbon exploration and production agreements with Pakistani companies for three offshore and two onshore fields in Pakistan.

(Reporting by Can Sezer; Writing by Ezgi Erkoyun; Editing by Jonathan Spicer)