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Turkey Invests Roughly $3bln in Caspian Energy Transportation, Says Turkish President

Oil&Gas Materials 14 November 2008 14:08 (UTC +04:00)
Turkey Invests Roughly $3bln in Caspian Energy Transportation, Says Turkish President

Azerbaijan, Baku, 14 November / Trend corr. S.Aliyev / " Turkey has invested about $3bln in realization of projects on energy resources transportation from the Caspian region," Turkish President Abdullah Gul said at the 4th energy summit in Baku on 14 November.

" Turkey continues cooperation within the framework of development and realization of projects, such as Nabucco and TGI," Gul said.

The Turkish President expressed his hope that the Caspian oil, particularly, Turkmen oil, will be transported via these routes.

" Turkey continues cooperation with Iraq in delivery of energy resources and the Northern African countries, including Algeria and Egypt," Gul said.

According to Gul, issues on gas transportation to the European markets are discussed with these countries.

"It is necessary to pay special attention to ecology and social issues while realization of energy projects. Turkey s seriously interested in projects, which reduce use of the Turkish straits," Gul said.

The correspondent can be contacted at [email protected]

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