Russia says Bulgaria to complete pipeline stretch of TurkStream by 2020

Gazprom’s TurkStream gas pipeline, which will connect Russia and Turkey, runs through the Black Sea and Bulgaria, where there are concerns that it might fail to meet its forecasted completion date. (AFP)
Updated 21 October 2019

Russia says Bulgaria to complete pipeline stretch of TurkStream by 2020

  • Bulgaria last month struck a $1.2 billion deal with Saudi-based Arkad to complete the 474 km pipeline as early as 2020

SOFIA: Bulgaria has promised to complete its stretch of the TurkStream gas pipeline by 2020 as planned, Russian Foreign Minister Sergei Lavrov said on Monday, trying to tackle skepticism about the timescale of the project.

Last month Bulgaria signed a €1.1 billion ($1.2 billion) contract with Saudi-led group Arkad to build the 474 km pipeline across its territory.

Sofia hopes the whole pipeline, which Bulgaria has dubbed Balkan Stream, will become operational as early as 2020, but given that the contract with Saudi company was signed only in September, some industry officials are doubtful of the timeline.

Lavrov, speaking in Moscow at a briefing with his Bulgarian counterpart Ekaterina Zaharieva, said he was given assurances that the second part of TurkStream would be completed as planned.

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Last week, Russia’s Gazprom began filling the first part of the TurkStream pipeline, which runs via the Black Sea, with gas.

“The partners have underscored that the work will be finished on time, by 2020,” Lavrov said.

Russia, which is building TurkStream to bypass Ukraine to the south, has said its second portion, with an annual capacity of 15.75 billion cubic meters, will pass via Bulgaria to central Europe.

Earlier on Monday, Bulgaria opened the 11 km pipeline that links its gas transport network with Turkey as part of its push to transport Russian natural gas from TurkStream to central Europe and inspected the laying of pipes Arkad has started in northwestern Bulgaria.

The pipeline stretch is part of Bulgaria’s plans to link its southern border with Turkey to its western frontier with Serbia and provide a link to the Russia-backed TurkStream twin pipeline to Serbia, Hungary and Austria.

Last week, Russia’s Gazprom began filling the first part of the TurkStream pipeline, which runs via the Black Sea, with gas.

Moscow plans to launch the first part of the pipeline, with an annual capacity of 15.75 billion cubic meters, by the end of the year.

Speaking to officials at the opening in southern Bulgaria, Prime Minister Boyko Borissov said Balkan Stream was also a political highway ensuring peace along with its economic benefits.

Serbian Energy Minister Aleksandar Antic, who attended the inspection of construction works in northwestern Bulgaria, said Serbia will be ready with the pipeline on its territory by the end of the year and gas can flow once Bulgaria completes its part of the work.


Saudi companies display latest technologies at Dubai Airshow

Updated 17 November 2019

Saudi companies display latest technologies at Dubai Airshow

DUBAI: Over 25 Saudi companies and government institutions are taking part in the Dubai Airshow hoping to snag deals for their latest defense and aviation technologies being showcased at the biennial event.

The Middle East’s biggest aviation gathering opened on Sunday sans major announcements for big-ticket aircraft purchases from Gulf flagship carriers, maybe also due to dozens of deals already been previously signed and the planes just waiting to be delivered.

Among the major Saudi companies in the event include the Saudi Arabian Military Industries (SAMI), fully owned by the Public Investment Fund, which has operations from aeronautics, land systems, naval systems, weapons and missiles and defense electronics.

SAMI aims to become among the top 25 companies globally by 2030 and to localize military spending, in line with the Kingdom’s vision.

Among other notable Saudi companies and institutions with a presence at the airshow are Saudi Airlines, flynas, The General Authority of Civil Aviation and the King Abdulaziz City for Science and Technology.

Meanwhile, Saudi INTRA Defense Technologies signed a Memorandum of Agreement with multinational defense company Hensoldt for the co-development and co-production of advanced electro-optic systems, as well as a joint venture agreement with EM&E for the transfer of technology and localization of the precision mechanical industries in the Kingdom.

ESEN Saudi, a hi-tech defense and aerospace engineering and production company, was also launched at the Dubai Airshow’s opening day.

Middle East Propulsion Company, which specializes in maintenance, repair and operations (MRO) for the Middle East, was also one of the Saudi companies on site. The company, which boasts of a workforce comprised of Saudi nationals of about 80 percent, aims to expand their services across the GCC and wider Middle East region.

Al-Salam Aerospace Industries meanwhile has on display latest advancements in the manufacture of key components for the F-15 fighter jet.