Russian President Medvedev to visit Turkey

Russia's proposal to ban oil transportation through straits to be on agenda of Medvedev's visit

Russian President Medvedev to visit Turkey



Russian President Dmitry Medvedev will arrive in Turkey next week upon an invitation from Turkish President Abdullah Gul.

Turkish and Russian officials would sign a series of agreements and exchange views on bilateral relations, as well as regional and international issues during Medvedev's formal visit on May 11-12, the Turkish presidential press office said on Thursday.

The High Level Cooperation Council recently established by Turkey and Russia would hold its first meeting as part of the presidential visit that would mark the 90th anniversary of the establishment of diplomatic ties between the two countries, the press office also said.

Turkish Premier Recep Tayyip Erdogan and Russian President Medvedev would co-chair the gathering that would be attended by all the concerned Turkish and Russian ministers, the statement added.

"The Council, which will act as a high-level intergovernmental mechanism between the two countries, will provide the necessary grounds for new projects, partnerships and a comprehensive strategic cooperation, moreover, it will improve bilateral relations," the press office's statement said.

The statement added that a "Social Forum" would also be established within the body of the Council, which would bring the NGOs of the two countries closer and encourage them to cooperate.

On the other hand, Kremlin's press office also confirmed Russian President Medvedev's formal visit to Turkey scheduled for May 11-12.

"The first meeting of a new mechanism of interstate consultations, the Council of cooperation of the highest level headed by Medvedev and Turkish Prime Minister Recep Tayyip Erdogan, is the central event of the Russian-Turkish summit," Kremlin said in a statement on Thursday.

Turkish and Russian academicians, researchers, businessmen and artists were expected to participate in the forum, the statement said.

JEC PPROTOCOL TO BE SIGNED

The protocol of Turkey-Russia Joint Economic Committee (JEC) is expected to be signed during Russian President Dmitry Medvedev's visit to Turkey on May 11 and 12, Turkish Energy Ministry said on Thursday.

A statement by the Ministry of Energy and Natural Resources said that the 10th term JEC meetings between Turkey and Russia were held in Ankara on Wednesday and Thursday, noting that Turkish Energy & Natural Resources Minister Taner Yildiz and Russian Deputy Prime Minister Igor Sechin chaired the meetings.

Commercial and economic relations between Turkey and Russia were discussed in all aspects during JEC meetings, it said.

PROPOSAL TO BAN OIL TRANSPORTATION THROUGH STRAITS

Russia's proposal to clear Turkey's Black Sea straits from oil tankers and transport oil via two pipelines that are under construction, namely Samsun-Ceyhan and Burgas-Alexandroupolis pipelines, will be on the agenda of Russian President Dmitry Medvedev's visit to Turkey next week.

The idea to clear the Bosphorus and Canakkale Straits, which serve as the boundary between Europe and Asia, and send oil via the Russia-backed Burgas-Alexandroupolis and the Turkish Samsun-Ceyhan oil pipelines, will be discussed by a bilateral inter-governmental commission and the issue will be raised by the presidents of Turkey and Russia on May 11-12, Russian daily Izvestia reported on Thursday.

The daily wrote that Russia believed Black Sea straits were overloaded and it took a long time for ships to pass through them, moreover, the country had proposed that the new pipelines to be used for oil transportation be managed from a single center.

Expressing oil companies' objection to such proposal claiming that oil shipment by sea would be cheaper and tankers could take several blends of oil at a time, the Russian paper said Russia's oil pipeline monopoly Transneft believed that the straits could be used only to ship petroleum products while crude could be supplied via the two pipelines.

"Although both projects seem to be quite different and can be regarded as rival undertakings, the idea of their management from a single center does not look so absurd, if the roles of the pipes are clearly defined," Izvestia said.

"Moreover, the Turkish pipeline will run to Ceyhan, which Turkey has pledged to make almost the most powerful oil port in the world," the paper also said.

Russia was Turkey's leading commercial partner in 2009, with a 38 billion USD trade volume according to the Turkish capital of Ankara and a 33.8 billion USD volume as reported by the Russian capital.

Turkey is currently Russia's 5th biggest partner in trade. The two countries aim at increasing their bilateral trade volume to 100 billion USD in the next 5 years.

According to official data, investments by Turkish businessmen in Russia have reached 6 billion USD, while Russian entrepreneurs' investments in Turkey amount to nearly 4 billion USD.

AA

Last Mod: 07 Mayıs 2010, 10:51
Add Comment