RUSSIA AND TURKEY TO BUILD OIL-PROCESSING FACTORY
PanARMENIAN.Net
27.10.2009 20:38 GMT+04:00
/PanARMENIAN.Net/ Russia and Turkey agreed to build an oil refinery
as part of the Samsun-Ceyhan Pipeline project, Russian Energy Minister
Sergei Shmatko announced.
On October 19, representatives of Eni, Calik Holding, JSC Transneft
and Rosneft, the energy companies involved, signed a Memorandum of
Understanding which envisages the commitment to discuss the definition
of the economic and contractual conditions for Russian companies
to participate in the Samsun-Ceyhan Project in order to ensure the
volume of crude that would guarantee the economic sustainability of
the project.
The Samsun-Ceyhan pipeline will facilitate safer transport across the
Bosphorus and Dardanelles Straits as well as reducing the impact on
the region’s complex and delicate ecosystem.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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