Eni, Calik Enerji Report Status of Samsun-Ceyhan Oil Pipeline

Eni CEO Paolo Scaroni, Eni Exploration & Production Division Vice President Stefano Cao, Calik Group executives Ahmet Calik and Erdal Celik recently highlighted the progress of construction of the Samsun-Ceyhan oil pipeline between Turkey's Black Sea coast and its Mediterranean coast.

The pipeline, to be built on an equal ownership basis by Eni and Calik Enerji, will be 550 km long and have a maximum daily capacity of 1.5 million barrels of crude oil, equivalent to approximately 70 million tons per year.

Eni and Calik have been working on this project since 2003, and in 2005 they decided to combine their resources and know-how for its implementation. In 2006 the Turkish government gave its approval to the construction of the pipeline, which, once completed, will provide a safe and cost-effective means to transport oil from Russia and Kazakhstan from the Black Sea to the Cehyan sales hub on the Mediterranean. An added benefit of the pipeline will be greater safety for shipping in the Bosphorus and the Dardanelles straits, improving environmental protection in a highly complex and delicate ecosystem.

Eni and Calik intend to continue co-operation during construction work, and will open up the partnership to other companies interested in involvement on the project.