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JERUSALEM - Turkey and Israel agreed Wednesday on implementing the "energy corridor" project which will carry Baku oil to Israel via Ceyhan. The project also foresees the construction of pipelines to transport water and natural gas and an electricity power line between the two countries.
Turkish Minister of Energy Hilmi Guler met Israeli Minister of Infrastructures Binyamin Ben Eliezer today in Jerusalem.
The two ministers expressed their consensus on the immediate start of the project and they agreed on initiating private companies` preliminary feasibility works for preparation of the project.
Feasibility works of the project are expected to last about six months. The project foresees the transfer of water, natural gas and crude oil through pipelines and electricity through power lines to Israel.
Oil will be transported to India, China, Japan and other Far East countries from Israel with oil tankers.
Turkey and Israel will later sign an agreement regarding the project.
(TÇ-MS)