by halil » Thu Aug 06, 2009 8:37 pm
Other deals
Moscow gave its support to several Turkish energy projects, including an oil pipeline planned to run from the Black Sea town of Samsun to the Mediterranean oil hub of Ceyhan. The Samsun-Ceyhan pipeline is expected to be built by Turkey's Çalık Holding A.Ş. and Italy's ENI. The pipeline would carry Russian oil and provide an alternative route to the congested Bosporus strait.
Putin and Erdoğan also agreed to expand the capacity of another Russian gas pipeline link crossing the Black Sea to Turkey, Blue Stream. Blue Stream's current capacity is 16 billion cubic meters a year. Ankara also won Moscow's consent to extend contracts on natural gas imports for 20 years. The current contracts expire next year. Turkey itself is a major importer of natural gas from Russia; nearly 70 percent of Turkey's gas imports are from Russia.
On Thursday, Turkey and Russia signed 15 agreements, including two deals envisaging cooperation on nuclear energy.
Turkey is considering a bid by Russia's Atomstroiexport to build Turkey's first nuclear power plant. Ankara has said it expects further Russian cooperation to help Turkey build its first nuclear power station. A consortium of Russian Inter RAO, Atomstroiexport and Turkish Park Teknik submitted the only bid in last year's tender for the construction of the power plant.
Turkey's energy minister said on Wednesday he expected the Russian firms to lower the price they wish to charge for electricity from the power station.
Turkey has delayed final approval of the Inter RAO-Atomstroiexport bid, pending revision of the price the consortium would charge for electricity from the plant, which is expected to go into operation in July 2016.