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Work on establishment of gas hub in Türkiye to reach practical stage soon, says Russian deputy premier


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Published November 25,2023


Russian Deputy Prime Minister Aleksandr Novak mentioned on Saturday that he expects the work on the institution of a gasoline hub in Türkiye will attain a sensible stage within the close to future.

A roadmap is being ready by each side for this objective, Novak informed Rossiya 24 TV channel following a delegation-level assembly between Russia and Türkiye.

The Turkish capital Ankara on Saturday hosted the 18th assembly of the joint intergovernmental Russian-Turkish Commission on commerce and financial cooperation. Novak led the Russian delegation, whereas Trade Minister Ömer Bolat headed the Turkish delegation.

“The Turkish delegation plans to arrive in St. Petersburg to get acquainted with Gazprom’s developments in this area, and I am sure that agreements will be reached in the near future on the practical implementation of this project,” Novak asserted.

He mentioned Russian-Turkish cooperation is increasing, with the potential for joint initiatives in a variety of areas, together with superior industries corresponding to uncommon metallic processing, composite supplies manufacturing, and vitality storage units primarily based on lithium-ion batteries.

He praised Türkiye’s transit position, saying it stays certainly one of Russia’s most vital import and export corridors.

“Next year, the Akkuyu nuclear power plant, the flagship project that is being implemented, will provide the first energy to Turkish consumers. We are also considering the development of cooperation in humanitarian, educational, and cultural relations,” he mentioned.

Novak mentioned Türkiye ranked second on Russia’s record of prime commerce companions final 12 months, and the perimeters will proceed working to take annual bilateral commerce turnover to $100 billion on the instructions of the 2 international locations’ presidents.

The problems with the monetary interplay to make sure settlements in commerce, and the chance for vacationers to pay whereas on a go to to Türkiye, have been additionally on the agenda, he famous.

“This year, we expect a record number of Russian tourists to visit Türkiye. Over 5 million tourists are expected to visit Türkiye by the end of the year,” he mentioned.

According to Novak, the perimeters in the course of the assembly additionally mentioned new initiatives within the nuclear area, together with the potential for the Russian nuclear company Rosatom taking part within the building of the second Turkish nuclear energy plant within the northern province of Sinop.


Turkish Trade Minister Ömer Bolat, for his half, mentioned the Russian and Turkish delegations have been working onerous for 3 days and have signed two paperwork that pave the best way for stronger financial ties.

Bolat famous that whereas the vitality sector has historically been the main target of Russian-Turkish cooperation, joint work in agriculture, business, and customs can also be rising.

The minister additionally marked tourism as an space that unites the folks of the 2 international locations.

“We have signed the protocol and I am sure that with the implementation of the provisions of the protocol we will continue to develop and expand our cooperation in these areas,” he mentioned.

Source: www.anews.com.tr

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