"NEW GAS PIPELINE TO LINK AZERBAIJAN AND ITALY, VIA TURKEY
By John C.k. Daly
Friday, August 3, 2007
Since the 1991 collapse of the USSR, resource-poor but strategically vital Turkey has sought to position itself as a major transit hub for burgeoning Caspian energy exports. For 15 years Ankara looked on helplessly as Russia, invoking its rights under the 1936 Montreaux Convention, turned the Turkish Straits into a tanker superhighway. Turkey derived no revenue from the transit even as its waters were put under increasing environmental threat."
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