Middle East Economic Survey

VOL. XLVIII

No 19

9-May-2005

MEES Agenda

Crude Export Options From The Black Sea Make Marginal Headway

As Caspian and Russian crude output increases, Turkeys concern that the Bosphorus and Dardanelle straits are unable to cope with the ever-growing tanker traffic could become a problem shared by all those involved. Pipelines, either bypassing the Turkish straits or heading straight into Europe, offer a solution although at a cost. But for now, a preferred alternative...