ISTANBUL--November 7, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Turkish Petroleum Corporation (TPAO), Turkey's state-owned oil company, has signed a $350 million agreement to drill 40 oil wells in Iraq's southern Basra area. The company is also in talks with Baghdad to drill 7,000 oil wells across Iraq, Energy Minister Taner Yildiz said on Friday. "We continue to work with the central government on opening 7,000 wells across Iraq as a whole," he said in a televised press conference. Other companies featured: Royal Dutch Shell Plc (NYSE:RDS.A) , Exxon Mobil Corporation (NYSE:XOM) , Total S.A. (NYSE:TOT)