Turkey's Calik expects pipeline agreement in 2011

Published 16.12.2010 11:21
Updated 19.01.2011 11:06

Turkey's Calik Holding expects partners in the proposed Samsun-Ceyhan pipeline project linking the Black Sea with the Mediterranean to reach agreement next year, Chairman Ahmet Calik said on Wednesday.

Calik also said he expected the pipeline to be pledged enough Russian crude to be viable. The other partner in the project include Italy's ENI (ENI.MI).

Russia's Rosneft (ROSN.MM) and pipeline monopoly Transneft (TRNF_p.MM) are currenlty in talks with Calik and Eni on taking 25 percent stakes in the pipeline.

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