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11 August 2016

By Rufiz Hafizoglu – Trend

Turkey and Russia agreed to jointly implement the Turkish Stream pipeline project in Turkish territory, President Recep Tayyip Erdogan told reporters speaking on his visit to Russia, Haberturk newspaper reported Aug. 11.

Erdogan said 50 percent of the Turkish Stream’s construction will be carried out by Turkey and the remaining 50 percent will be done by Russia, according to the newspaper.

“There is no problem in Turkish Stream’s implementation,” noted the Turkish president.

Earlier, Turkey’s Petroleum Pipeline Corporation BOTAS expressed readiness to participate in implementation of the Turkish Stream, but Russia’s Gazprom refused.

During his meeting with Russia’s President Vladimir Putin in St. Petersburg Aug. 9, Erdogan noted that Turkey will implement the Turkish Stream project.

“The Turkish Stream will have two pipeline strings – through one of them the gas will be supplied for Turkey’s domestic consumption, and through another one the gas will be supplied to Europe,” he said.

Russia abandoned the South Stream project in favor of Turkish Stream in December 2014, which involves the construction of the gas pipeline from Russia to Turkey through the Black Sea.

However, the project was frozen after the relations between Moscow and Ankara deteriorated in November 2015.