Minister: Russia wants to provide oil to Turkey's pipeline

Samsun-Ceyhan crude oil pipeline is a planned crude oil pipeline between Black Sea oil terminal in Samsun and Mediterranean oil terminal in Ceyhan in Turkey.

Minister: Russia wants to provide oil to Turkey's pipeline
Turkey's energy minister met executives of a Russian gas firm on Thursday.

The meeting between Turkish Energy & Natural Resources Minister Hilmi Guler and Alexander Medvedev, the chairman of the Executive Board of Russian Gazprom company, took place in the Turkish capital of Ankara.

"Gazprom Neft, a company under the umbrella of Russian natural gas giant Gazprom, is interested in providing oil to the Samsun-Ceyhan crude oil pipeline," Guler told reporters after the meeting.

Samsun-Ceyhan crude oil pipeline is a planned crude oil pipeline between Black Sea oil terminal in Samsun and Mediterranean oil terminal in Ceyhan in Turkey. The aim of this project is to provide an alternative route for Russian and Kazakhstan's oil and to ease the traffic burden of Turkish Straits.

Italian ENI and Turkish Calik Energy are constructing the project -- the ground breaking ceremony of which was held in Ceyhan on April 24th, 2007.

The project consists of the new unloading terminal and tank farm close to Samsun, pipeline from the Samsun terminal to Ceyhan, and additional storage capacity in Ceyhan. It will be connected with existing Ceyhan loading terminal. The 555-kilometer (345 miles) pipeline is scheduled to become operation in 2010, and cost around 2 billion USD.

Guler also said that he also discussed with Medvedev and accompanying delegation the pipeline to be laid from Turkey to Israel, and some other joint projects.

Also, Medvedev said that he discussed with Guler natural gas transfer to Israel, new gas projects and natural gas depots.

"We will set up professional groups regarding these areas," Medvedev said.

Medvedev also said that oil and underground natural gas depot, which Turkey wanted to construct, were also a part of Gazprom's relationship with Turkey.

Gazprom is the world's largest gas company basically focused on geological exploration, production, transmission, storage, processing and marketing of gas and other hydrocarbons.

The state owns a 50 percent controlling stake in Gazprom. Its mission is to provide effective and well-balanced gas supply to Russian customers and to safely implement long-term gas export contracts.

Gazprom Neft is the fifth largest oil producing and refining company in Russia. The main areas of Gazprom Neft's business activity include oil and natural gas production, oil and gas field facility services, oil refining and marketing of petroleum products. The proven reserves of the company exceed 4 billion barrels, which ranks the company amongst the world's twenty largest oil companies.

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Last Mod: 18 Temmuz 2008, 11:41
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