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Wednesday, December 23, 2009

Turkey expects to secure oil for new pipeline

"Turkey expects to secure oil for new pipeline

Wednesday December 23, 2009 01:46:10 AM GMT
Reuters News

* Turkey sees Russian, Kazakh, Turkmen oil in planned pipeline * Energy minister says expects deal with Azeris on gas

By Orhan Coskun

ANKARA, Dec 23 (Reuters) - Turkey sees Russian, Kazakh and Turkmen oil filling most of a planned $4 billion pipeline from its Black Sea coast to the Mediterranean port at Ceyhan, Energy Minister Taner Yildiz said.

Turkey also expects to sign an agreement with the Azeri government on procuring extra natural gas, Yildiz said. A disagreement about pricing and diplomatic wrangling over Armenia has held up the deal."

More:INTERVIEW-UPDATE 1-Turkey expects to secure oil for new pipeline