The Azerbaijan State News Agency

ECONOMY

ITALY, RUSSIA, TURKEY SIGN SAMSUN-CEYHAN PIPELINE AGREEMENT

Ankara, October 20 (AZERTAC). Turkey`s Energy minister Taner Yildiz, Italy`s Industry minister Claudio Scajola and Russia`s Deputy Premier Igor Sechin and Energy minister Sergei Shmatko signed joint agreement for the construction of the Samsun-Ceyhan pipeline, in Milan (Italy).

The pipeline is a strategic infrastructure which aims to transport oil from the Black Sea port of Samsun to the Mediterranean hub of Ceyhan across Turkey, avoiding shipping to cross the Istanbul Strait, according to local media.

The 550-kilometer infrastructure will have a capacity of 1.5 million barrels a day.

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