Turkey to freeze Samsun-Ceyhan project

Çalık Holding (Turkey) will find a new partner to replace Eni (Italy) for construction of the Samsun-Ceyhan pipeline, a project to connect the coast of the Black and Mediterranean Seas. Turkish Minister for Energy and Natural Resources Taner Yildiz said that the project will be frozen, unless such partner is found, Trend reports.

The minister expressed confidence that Russian energy companies would not cooperate with Cyprus in the eastern part of the Mediterranean Sea. Turkey will put companies cooperation with Cyprus in that area on the blacklist, the way it was done with Eni.

The pipeline will run from the Turkish coast of the Black Sea in the Samsun District of Ceyhan on the coast of the Mediterranean Sea. The project will transport crude oil from Russia and Kazakhstan, bypassing the Borphorus and Dardanelles.

Nicosia started explorations on the shelf in September 2011. Turkish Prime Minister Recep Tayyip Erdogan spoke out against such activities and added that Turkey will cooperate with the North Cyprus in the exclusive economic zone. Turkish forces have been stationed in the area since 1974.

Russian President Vladimir Putin, Minister for Energy Alexander Novak visited Turkey in December 2012. They expressed readiness to support the Samsun-Ceyhan pipeline if its economic conditions improve.

Novak reminded that proposals on realization of the project had been sent in 2011. Russia proposed a tariff of $55 per ton, Turkey proposed $77. The Turkish tariff makes the project too expensive, compared with other ones.

Eni, Calik, Rosneft and Transneft (Russia) signed a memorandum of understanding in October 2009 to form a joint venture for the pipeline project. Turkey has lifted the expenses from $2 billion to $4 billion for the project.

1135 views


More Russian news

Trump reaches out to Central Asia, looking for a back door to Russia

Trump reaches out to Central Asia, looking for a back door to Russia

Whether Trump decides to follow through on ending the nuclear deal could have a major impact on Kazakhstan

Putin: attempts to establish uni-polar world have failed

Putin: attempts to establish uni-polar world have failed

The attempts to establish a one-polar world order have failed, and the balance on the international arena restores, Russia's President Vladimir Putin said in an interview with a weekly program on the NTV channel. "The situation is changing," he said...

Russian patriarch blesses new Paris church

Russian patriarch blesses new Paris church

The patriarch of the Russian Orthodox Church is consecrating a new church near the Eiffel Tower, FOX News reported. Patriarch Kirill is presiding over a blessing ceremony Sunday in the Saint Trinity Church on the …

Pentagon: US don#039t want to be enemies with Russia

Pentagon: US don't want to be enemies with Russia

Pentagon chief Ashton Carter said today that the US don't want to see Russia as an enemy, stressing that Washington should continue to seek opportunities for cooperation with Moscow in areas beneficial for both countries. …

Boxer Gassiev beats Lebedev to become IBF cruiserweight world ch

Boxer Gassiev beats Lebedev to become IBF cruiserweight world champ

Russian boxer Murat Gassiev beat his fellow countryman, unified cruiserweight champion Denis Lebedev, winning the title of IBF cruiserweight champion in Moscow, TASS reports. Gassiev overpowered …

Turkey seeks trade in national currencies with Russia, China, Iran: Erdogan

Turkey seeks trade in national currencies with Russia, China, Iran: Erdogan

Turkey is seeking to conduct trade with Russia, China and Iran in national currencies, announced Turkish President Recep Tayyip Erdoğan on Saturday. Speaking at the opening ceremony of a shopping mall in Istanbul, Erdoğan said that he …

Iran and Russia have common goal  to eradicate terrorism, Rouhani says

Iran and Russia have common goal to eradicate terrorism, Rouhani says

Terrorism is one of the main directions of the permanent cooperation between Russia and Iran, President of the Islamic Republic of Iran, Hassan Rouhani, said today during the negotiations with the Russian …

Avalanche descends on Yalta-Bakhchisarai road

Avalanche descends on Yalta-Bakhchisarai road

The EMERCOM of Russia in Crimea announced the avalanche descend on the Yalta-Bakhchisarai road in the south of the peninsula. The road is closed due to the clean-up works. "On the southern slope of …

Greek and Bahraini enterprises to appear in Crimea

Greek and Bahraini enterprises to appear in Crimea

Crimean Deputy Prime Minister Georgy Muradov said today that a delegation of entrepreneurs from Greece will arrive in the peninsula in the nearest time. ‘’We are expecting a delegation from Greece on Monday-Tuesday,’’ he …

Snow disaster in the mountains of North Ossetia 

Snow disaster in the mountains of North Ossetia 

Today, EMERCOM of Russia in North Ossetia issued  an emergency warning about blizzard in the mountains of the country, referring to the North Ossetian Center for Hydrometeorology and Environmental Monitoring. …

more Russian news