Ankara Bars

ANKARA, Sept 19 - Turkey and Iraq have discussed signing a memorandum of understanding to ship Iraqi gas to Europe via Turkey through the planned Nabucco pipeline, Turkish Energy Minister Taner Yildiz said on Saturday. Turkey and four European Uni ...

Turkey is geographically well positioned to become a regional energy hub. It could link producers in the Caspian and the Middle East regions with the energy-hungry European markets, which by 2020 will import roughly 77% of the natural gas they use. However, conflicting visions of who will lay the pipelines and provide the gas complicate the issue. The EU is pushing for the Nabucco pipeline project, aimed at cutting European dependence on Moscow, which has a nasty habit of turning off gas sup

By Niall Green - World Socialist Web SiteGreat power rivalries and the Nabucco pipeline projectLeading European energy companies, backed by the European Union and the United States, signed an accord last month to construct a major new natural gas pipeline network from the Caspian Sea to Western Europe.The Nabucco pipeline, a 7.9 billion euro ($11 billion) project, will pass through Turkey, Bulgaria, Romania and Hungary before terminating at a massive Austrian energy distribution center. Governme

Iran hidden in Nabucco agreement to avoid risking US support, say Nabucco officialsSome Nabucco officials claim that the agreement signed by the prime ministers of Turkey, Austria, Bulgaria, Hungary and Romania included provisions for Iranian involvement hidden in some articles.Although initially deemed an integral part of the grand Nabucco pipeline project that aims to transport Caspian and Middle Eastern natural gas to European markets, Iran was left out of the signing ceremony of the intergov

This hasn’t gotten much mention here - but when I was in Romania earlier in the week it was big, big news : The troubled Nabucco pipeline project — designed to diversify Europe’s energy supply and loosen Russia’s grip on the continent’s natural gas market — took a major step forward on July 13 with the signing of a transit agreement between Turkey and five European Union countries involved in the undertaking. The 2,050-mile-long (3,300 kilometer) Nabucco pipeline is designed to bring gas