ANKARA Ñ Turkey has signed a deal for the construction of a pipeline
to transport crude oil.
Turkey signed an oil pipeline agreement with Italy and Russia. The
accord, inked on Oct. 19, was meant to transport crude oil from the Black
Sea to the Turkish port in Ceyhan along the Mediterranean Sea.
A government statement said the
pipeline would help Ankara become a global energy corridor, Middle East Newsline reported.
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The 550-kilometer pipeline would be built by Italy's Eni and Turkey's
Calik Enerji.
Officials said the estimated $1.5 billion project would be
completed by 2012.
The pipeline, with a capacity of one million barrels per day, was meant
to ease traffic in the Bosphorus Strait.
