News // Oil and gas worldwide
Turkey, India and Israel Plan Oil Pipeline to the Red Sea
03 February 2009 , 14:121692
An undersea pipeline is planned to be built from the Turkish oil port Ceyhan to the Israeli coastal city Ashkelon, and from there, on to Eilat, on the Israeli coast of the Red Sea, after the Turkish Energy Minister, Hilmi Guler led discussions in the country.
"It is not a simple project. Within a month, there should be a meeting between representatives from India, Israel and Turkey", said Guler.
India wants to transport the oil from Eilat further using tankers. After the Turkish reports, both Israel and Russia want to take part in the project. Ceyhan, on the Turkish Mediterranean coast, has been until now, the point where the BTC pipeline, running from Azerbaijan across Georgia, ends.
Kazakhstan is, in theory, ready to supply oil, via Russia, on the western markets.
In mid-November, representatives from Azerbaijan and Kazakhstan signed a principle agreement over an appropriate transport system during an energy conference in Baku.
As a result, oil from Kazakhstan is to be supplied across the Caspian Sea to Azerbaijan, using tankers in order for it then to be pumped through the BTC-pipeline to the Turkish Mediterranean coast.
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