The construction of a planned Turkish oil pipeline to be built from the Black Sea port of Samsun to Ceyhan port on the Mediterranean is expected to cost $3 billion, Russian Deputy Prime Minister Igor Sechin said Tuesday, the Ihlas News Agency, or IHA, reports.
The construction of a planned Turkish oil pipeline to be built from the
Black Sea port of Samsun to Ceyhan port on the Mediterranean is expected to
cost $3 billion, Russian Deputy Prime Minister Igor Sechin said Tuesday, the
Ihlas News Agency, or IHA, reports.
The Samsun-Ceyhan pipeline aims to transport oil from the
Black
Sea
to the
Mediterranean
across
Turkey
,
avoiding the use of ships to cross the busy
Istanbul
Strait
.
Sechin also said
Russia
gave
its guarantee to supply oil for the pipeline.
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