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Russia And Turkey To Build Oil-Processing Factory

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  • Russia And Turkey To Build Oil-Processing Factory

    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
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