HomeMagazine2011January 2011 Vol. 238 No. 1Russia, Turkey To Start Negotiations For Samsun-Ceyhan Oil Line

January 2011 Vol. 238 No. 1

Projects

Russia, Turkey To Start Negotiations For Samsun-Ceyhan Oil Line

The Samsun-Ceyhan pipeline would transport Russian and Caspian oil from the Black Sea to the Mediterranean by circumventing the Turkish Straits. It is considered the top competitor to the Burgas-Alexandroupolis line. The Samsun-Ceyhan pipeline would run from Turkey’s Black Sea city of Samsun to its Mediterranean port Ceyhan, and have capacity of 60-70 million tons of oil per year. The agreement on construction and operation of the Samsun-Ceyhan pipeline was signed in 2009. Investment in the pipeline will be about USD$3 billion. In Bulgaria, critics say just one of these two pipes can be built and Bulgaria will lose many benefits to Turkey if it gives up the BA pipe. Rus

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