Turkey’s Calik Energy is in talks with Mitsubishi after the Japanese company showed interest in taking part in the Samsun-Ceyhan oil pipeline project, Calik Holding Chairman Ahmet Calik said yesterday.
Calik was attending a ceremony with Italian partner Eni, marking the start of construction of the oil pipeline that will link Turkey’s Black Sea and Mediterranean coasts.
“We are talking to some firms for Samsun-Ceyhan. Mitsubishi wants to take part as an investor because it sees this is a profitable line,” Calik said at a news conference.
The 550-kilometer-long (340-mile) pipeline will carry Kazakh and Azeri oil from the Turkish Black Sea port of Samsun to Ceyhan on the Mediterranean, bypassing the congested Turkish straits. The pipeline is scheduled for completion in 2009.
(Reuters, 24/04/2007)