Bosphorus traffic set to increase threefold

Published: 1 February 2001 y., Thursday
It has been announced that when the "Chevron" oil pipeline comes on line in 2010, the amount of tanker traffic in the Bosphorus will increase three-fold, the Anatolia news agency reported yesterday. In an interview with the New York Times, Foreign Minister Ismail Cem said: "We are not going to have the Straits turned into an oil pipeline. We will never allow this to happen." The New York Times had reported that the American "Chevron" oil company was going to bring a pipeline worth $2.5 billion and pumping oil from the Tengiz basin to a terminal in Novorossisk on line in July this year. The news item said that this pipeline would increase the amount of oil produced at Novorossisk two-fold and there would be a corresponding increase in the amount of tanker traffic using the Bosphorus and the Straits taking this oil to Europe. The paper pointed out the concerns Turkish authorities have regarding an increased chance of an accident in the straits as a result of the increased tanker traffic. It says the only solution to be found will be the Baku-Ceyhan oil pipeline coming on line. Statistics show that over 50,000 commercial ships ply the waters of the Bosphorus and the Straits every year and that already the Straits are three times more crowded than the Suez and four times more crowded than the Panama canals. In order for a vessel longer than 250 m. to transit the Strait, all other traffic has to be put on hold until the vessel is safely through. Turkish authorities say that by 2010, they will need to close the Straits to other traffic four times a day and it takes over two hours for large tankers and bulk cargo carriers to transit the Straits.
Šaltinis: Turkish Daily News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Emerging Market Countries Partner with World Bank to Achieve Risk Management Objectives

The World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk. more »

State aid: Commission authorises support package for Lithuanian financial institutions

The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis. more »

European Commission forecasts average crop production for 2010 in the EU despite extreme weather

Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased. more »

In the first half of this year AB Bank SNORAS and its financial group worked profitably

According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions. more »

Denmark: EU €10m to help 1,149 former Linak A/S and Danfoss Group workers find new jobs

The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF). more »

EIB provides EUR 150 million innovative recovery support loan to SMEs in Turkey

The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey. more »

AB Bank SNORAS will increase the authorized capital by LTL 82.3 million up to LTL 494.2 million

On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107. more »

Heads of State, WB President Zoellick Agree on Action Plan to Boost Integration and Development

Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures. more »

IMF Executive Board Cancels Haiti’s Debt and Approves New Three-Year Program to Support Reconstruction and Economic Growth

The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million). more »

IMF Completes Third Review Under Stand-By Arrangement with Latvia and Approves €105.8 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA). more »