5/28/2008

Energy minister says Turkey earned $2 bln by BTC oil pipeline

Hurriyet - Baku-Tblisi-Ceyhan (BTC) Crude Oil Pipeline earned Turkey $2 billion and it is now Samsun-Ceyhan and Nabucco projects' turn, Turkey's Energy Minister, Hilmi Guler said on Saturday. Guler said 378 million barrels of Azerbaijani oil was sent to global markets so far. "We are proud to realize a project which was seen as a dream. Now, the next projects are Samsun-Ceyhan and Nabucco pipelines. We had talks with Austrian President two days ago. Next month, we will make clear several matters, such as the amount and the rates (regarding Nabucco project)," Guler also said. Turkish and Austrian ministers and presidents discussed the Nabucco project in separate meetings last week. After discussions, Guler said, Turkey's efforts for the project would be stepped up as the as the Austrian minister noted the first gas is expected to be pumped in 2012 or 2013. The Nabucco project is a planned 3,300 kilometers natural gas pipeline that will carry gas from Turkey to Austria, via Bulgaria, Romania, and Hungary. The Nabucco pipeline will run from Erzurum in Turkey to Baumgarten an der March, a major natural gas hub in Austria. This pipeline is an alternative to the current projects developed to import natural gas from Russia. It will be connected with the Tabriz-Erzurum pipeline, and with the South Caucasus Pipeline, linking Nabucco Pipeline with the planned Trans-Caspian Gas Pipeline.

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