Israel wants oil, water from Turkey via new pipeline

Medstream project which envisaged the construction of a pipeline between Turkey and Israel would transport raw oil, natural gas, water, electricity and fiberoptic.

Israel wants oil, water from Turkey via new pipeline


Turkish Energy & Natural Resources Minister Hilmi Guler held talks with National Infrastructures Minister Binyamin Ben Eliezer of Israel and an accompanying delegation in capital Ankara.

Holding a joint press conference after the meeting, Guler said energy issue, joint energy projects to be implemented in the region and the Medstream project which envisaged the construction of a pipeline between Turkey and Israel, were on the agenda of the talks.

Guler said India was also included in the project and therefore a tripartite meeting would be held with the participation of Turkish, Israeli and Indian officials in the next 10 days.

"This will be followed by a ministerial meeting," he added.

Guler said that Medstream would focus on the transfer of oil, natural gas, water, electricity and optical fiber cables.

He also said Turkey was not solely interested in the commercial and technical aspect of the project.

"Turkey sees this project as an initiative that would contribute to the peace and stability in the region." he said.

Following the meeting, National Infrastructures Minister Binyamin Ben Eliezer of Israel said that the Mediterranean Pipeline Project (Medstream) including the Mediterranean, the Red Sea, India, the People's Republic of China and Thaiwan would would enable them transport raw oil, natural gas, water, electricity and fiberoptic.

He said that Azerbaijan and Russia were also interested in the project, and that he tried to provide financial source for the project during his visits to those countries.

He added that they planned to purchase water from Turkey through pipeline.

Feasibility studies on an accompanying oil pipeline will be done in 10 months, said Turkish Energy Minister Hilmi Guler, adding that the pipeline could carry at least 40 million tonnes of oil annually.

The project consists of five pipelines that would carry water, natural gas, oil, electricity and fibre optics from Turkey's Mediterranean coast to Israel.

Agencies

Last Mod: 17 Temmuz 2008, 17:11
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