Turkish, Russian firms sign oil cooperation deal

Calik Holding and Rosneft, Russia's state oil company, have agreed to establish a partnership company for oil trade in Turkey and the Mediterranean.

Turkish, Russian firms sign oil cooperation deal

Turkey's Calik Holding signed an agreement with Rosneft on Wednesday for cooperation in trade of oil.

The agreement was signed after extensive talks at the Ciragan Palace.

Chairman of the Executive Board of Calik Holding Ahmet Calik and President of Rosneft Eduard Khudainatov signed the agreement on behalf of their companies.

The signature ceremony was attended by Turkish Minister of Energy and Natural Resources Taner Yildiz and Russian Deputy Premier Igor Sechin.

Calik Holding and Rosneft, Russia's state oil company, have agreed to establish a partnership company for oil trade in Turkey and the Mediterranean.

The new partnership will work for oil trade in the Mediterranean and distribution of oil in Turkey.

Calik Energy and Rosneft will also work in selling oil to naval vessels.

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Last Mod: 16 Aralık 2010, 10:08
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