"Turkish-Russian energy cooperation
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Thursday , 28 June 2007
[BSEC IS CELEBRATING 15TH ANNIVERSARY-3]
Turkish-Russian energy cooperation
by
MARIA BEAT*
A decade and a half ago 11 countries in the Black Sea region jointly came together to form a business cooperation alliance.
On June 25, 1992, the leaders of the 11 countries -- namely Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine -- signed the Summit Declaration and the Bosporus Statement in Istanbul, giving birth to the Black Sea Economic Cooperation (BSEC). In doing so the member countries pursued the idea of creating a platform for multilateral cooperation, supplementing ties of bilateral development. With the entry into force of its charter on May 1, 1999, the BSEC acquired an international legal identity and was subsequently recognized as a full-fledged economic entity known as the Organization of the Black Sea Economic Cooperation."
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