TODAY.AZ / Business

Turkey, Israel to build pipelines connecting Black Sea to Red Sea

09 January 2007 [22:02] - TODAY.AZ
Turkey and Israel have provisionally agreed to build a pipeline system connecting the Black Sea to Red Sea, Turkish Energy Minister Hilmi Guler said.

The ambitious project involves the building of oil, gas and water pipelines as well as electricity and fiber optic cables, as part of a sub-sea pipeline system in the Eastern Mediterranean, bypassing Syria and Lebanon, the countries, which are hostile to Israel.

Passing through Turkey, it will reach the Israeli port of Ashkelon, where there is a pipeline terminating in port of Eilat in the Red Sea.

A feasibility study is expected to be completed before the end of the year and will determine whether the proposed pipeline system will be an extension of the Baku-Tbilisi-Ceyhan pipeline or the proposed Samsun-Ceyhan pipeline, for which Turkey's Calik Energy and Italy's Eni are currently carrying out a detailed study.

The Turkish-Israeli pipeline could convey Aseri Light or Russian crude oil to Asian markets. The natural gas pipeline would be an extension of the Blue Stream Pipeline, which runs beneath the Black Sea. ANI

/www.dailyindia.com/

URL: http://www.today.az/news/business/34708.html

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