Sunday, April 22, 2007

Turkey Bolsters Its Regional Energy Role

From Dar Al Hayat:

Three major projects to transport natural gas from the Middle East and the Caspian Sea via Turkey to Europe, and building two refineries for crude oil in the Turkish Mediterranean port of Gehan are currently in the study and design stage.

These projects are seen as a response to the US' insistence not to export oil and gas from the Caspian Sea area via Iran or Russia, and the decision by the EU to diversify sources of imported gas, particularly aimed at reducing dependence on Russian gas supplies.

Once executed, these projects, along with the (Kirkuk-Gehan) Iraqi oil pipeline, which has a capacity of 1.6 million barrels per day, will certainly allow Turkey - despite its low oil and gas production levels - to play a key role in the oil industry in the East Mediterranean area.

These three gas projects include the Trans Adriatic Pipeline to the south of Italy, near the Brindisi port, from where it will link with European gas network.

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