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Thursday, January 14, 2010     GET REAL

Russia, Turkey sign pact on nuclear station, increased trade

MOSCOW — The warming trend in Russia-Turkey ties increased as the two nations signed a nuclear energy cooperation accord.   

Ankara and Moscow have agreed to build a nuclear station in Turkey.

In a declaration signed on Jan. 13 by Russian Prime Minister Vladimir Putin and his Turkish counterpart, Recep Erdogan, the two countries disclosed plans to establish a committee to prepare for a comprehensive nuclear energy agreement.


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Officials said the complete accord could be signed during the visit by Russian President Dmitry Medvedev to Ankara, expected to take place around May 2010. They said Ankara and Moscow hoped to use the agreement to increase trade to $100 billion by 2015.

"The Russian-Turkish relationship is improving," Medvedev said. "It is really a strategic partnership."

In November 2009, Turkey canceled a nuclear energy reactor tender, the sole bid for which was submitted by Russia's state-owned Atomstroyexport. The Turkish government determined that Atomstroyexport's offer was too expensive, Middle East Newsline reported.

"The panel will draft the legal, technical and economic foundations of a nuclear energy agreement," an official said.

Officials said Turkey plans to reopen the nuclear tender by mid-2010. They said Atomstroyexport would submit a revised bid for the $1 billion project to build the first of four 1,200-megawatt nuclear energy reactors.

"Not only in the sphere of natural gas but in crude products, there exists a whole series of opportunities," Erdogan said. "I see this meeting as a huge opportunity."



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