BOTAS and Gazprom agree on Turkish Stream financing

BOTAS and Gazprom agree on Turkish Stream financing

Turkey's state-owned crude oil and natural gas pipelines and trading company BOTAS and Russia's energy giant Gazprom have reached an agreement on financing the Turkish Stream gas pipeline project on the Turkish territory, BOTAS General Director Burhan Ozcan said on the sidelines of the 22th World Petroleum Congress.

Ozcan also said that the process of obtaining permits for the construction of the second branch of the Turkish Stream pipeline was "going smoothly, without any pitfalls."

"We have already agreed with them [Gazprom] on this issue, but I can not disclose the figures — in what percentage share we will do it," Sputnik cited Ozcan as saying.

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