Bilateral effort toward the development of the so-called Southern Corridor of energy transit networks is a sign of close ties to Turkey, a U.S. official said.Turkey aims to position itself as a regional transit hub for oil and natural gas, already hosting a section of the Baku-Tbilisi-Ceyhan oil pipeline, one of the world's longest.Azerbaijan, meanwhile, is at the center of a regional energy race spurred by 2009 disputes between Russia and Ukraine, which hosts 80 percent of the Russian natural gas sent to European consumers.Natural gas from Azerbaijan is viewed by Europe as a supply source for its Nabucco natural gas pipeline, a project included in the Southern Corridor of transit networks meant to break Russia's grip on the European energy sector.U.S. Ambassador to Turkey Francis Ricciardone said in written statements to the U.S. Senate Foreign Relations Committee during a confirmation hearing that both countries "are working together to bring Caspian gas to European markets for the first time through a new route called the Southern Corridor."Turkey played host in June to a signing ceremony for project support agreements between the five transit countries and the Nabucco pipeline consortium.Ricciardone said the Southern Corridor "would provide commercial benefit for the countries of the Caucasus and Central Asia and also create a long-term partnership based on mutual interests with Europe."Ricciardone took his post as Turkish envoy through a December recess appointment.
GMT 18:55 2018 Friday ,14 December
Libya’s National Oil against paying ‘ransom’ to reopen El Sharara fieldGMT 22:22 2018 Thursday ,13 December
Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:00 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:28 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor