Russia shelves pipeline plan as it cozies up to Turkey
bne
April 24, 2013
The Samsun-Ceyhan oil pipeline project looks to have been shelved, after a Russian minister told Turkish media it would be uneconomic. The move appears to be part of a push by Moscow to cement ties with Turkey – a strategic lynchpin in the tussle between the EU and Russia over oil and gas from the Eurasian region.
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