Oil pipelines

State Minister Alekos Flambouraris confirmed the intent of advance payments of profits — by Russia — from the creation of a new gas pipeline, estimating that its construction would bring more than 200 million a year in profits to the Greek state.

A NATO oil pipeline crossing from eastern Turkey has been pierced by a bulldozer working on private land in the eastern province of Elaz??, resulting in the spillage of tens of thousands of liters of oil.

The pipeline was damaged by a construction vehicle in the area, where it crosses the village of Saraybahçe in the Kovanc?lar district of Elaz??.

Turkish construction company Tekfen has won a $2 billion contract to build two oil plat-forms in the Caspian Sea, Turkey’s energy minister has announced.

Turkey has given the green light to the Environmental Impact Assessment (ÇED) report for the section of the South Stream Offshore Pipeline that will cross the country.

The Turkish Environment and Urbanization Ministry has approved the ÇED report that oversees the potential impact of the project on nature, a statement released by South Stream has said.

Iraqi Kurdistan looked set to unload its first cargo of disputed crude oil in Israel from its new pipeline after weeks of seeking an outlet as Iraq’s central government has threatened legal action against any buyer.

BELGRADE - The construction of the South Stream pipeline will be crucial for energy security and economic stability of the host countries, president of the Serbian Chamber of Commerce (PKS) Zeljko Sertic said on Thursday.