"Pipeline Politics: Turkey’s South Pars Project
Oct 8th, 2007 by blastingcloud
Turkey and its state-owned oil company, TPAO, have made an uncharacteristically bold move in the theater of geopolitics. Despite intense political and financial pressure from the Bush administration, Turkey has taken a brave step forward, choosing to independently finance the $3.5bn necessary to initiate the South Pars natural gas development project in Iran. Turkey was unable to secure the outside financing, which is typical of a project of this scale, due to the recent American-led financial embargo on Iran."
More:Pipeline Politics: Turkey’s South Pars Project « The Van Der Galiën Gazette
