Middle East Economic Survey


No 50



Turkey Contracts Chinese Firm To Build Underground Gas Storage

Turkeys Botas has contracted Chinas state-owned Tianchen Engineering to construct a 1bn cu ms gas storage facility in a salt formation at Tuz Golu, a lake south of Ankara. The cost of the project is estimated at $640mn and financing has been provided by the World Bank. Botas has been planning the project for some time and plans to build a number of other gas storage...