VOL. XL

No. 38

22-September-1997

FSU

Turkey And Russia Agree To Build Underwater Black Sea Natural Gas Pipeline

As part of a new 25-year agreement between Turkey and Russia signed last April, the twocountries signed on 29 August an agreement to build a new $3bn natural gas pipeline, some400 kms. of which would run beneath the Black Sea. Turkish Energy Minister Cumhur Ersumerand the Executive Board Chairman of Russia's state-owned Gazprom, Mr. Rem Vyakhirev,signed a framework agreement in Ankara...