Russian investment in Türkiye hit $3 billion in 2006, underscoring the two countries' deepening economic ties. Türkiye ranks third among Gazprom's most profitable gas markets, behind Germany and Italy, absorbing roughly 7 percent of Russia's total gas exports.
Lukoil acquired assets belonging to Turkish petroleum distributor Turcas in Kocaeli for $21.5 million and is planning a $2.5 billion refinery in Zonguldak. Russia's Alfa Group had earlier purchased a 13.2 percent stake in mobile operator Turkcell in November 2005, while Gazprom is seeking to sell gas directly to Turkish consumers.
Historical summary. TurkishPress restated this wire report, first published in March 2007, in its own words.