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Turkey Grants Permit for South Stream Construction

Source: www.gulfoilandgas.com 12/28/2011, Location: Asia

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The Turkish party officially handed a note by the Turkish Ministry of Foreign Affairs regarding the South Stream project at a meeting between Vladimir Putin, Prime Minister of the Russian Federation and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Turkey.

All necessary and unconditional permits were granted. These permits allow for unhampered execution of the project for construction and operation of the South Stream gas pipeline running from Russia via the exclusive economic zone of Turkey.

Alexey Miller noted that the construction permit granted by Turkey was the most serious acknowledgement of the fact that the project would be executed fully on schedule, specifically before the end of 2015.

I would like to express special gratitude to our Turkish friends for the constructive efforts and understanding, especially for prompt examination of all issues during the last days of the outgoing year. I would like to congratulate all the South Stream project participants and our partners on obtaining the construction permit. It is a very nice present for the New Year, said Alexey Miller.

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