Turkey invests about $ 3 bn in Caspian energy transportation

Nov 14, 2008 01:00 AM

"Turkey has invested about $ 3 bn 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 is seriously interested in projects, which reduce use of the Turkish straits," Gul said.

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