State and Prospects of Russia–Turkey Energy Relations

... several major areas: Trade in energy products, primarily the flow of Russian natural gas to Turkey, is the fastest developing area. Russia’s oil and petroleum products are shipped through the Turkish Straits, with a similar transit route for natural gas being a possibility. Russia’s foreign direct investment in the country’s energy industry, including the power generation sector, has been increasing, specifically in nuclear energy, energy equipment supplies and maintenance services. Joint projects are being carried out to in the exploration and production of hydrocarbon resources in Russia and third countries. Oil Industry Russia–Turkey cooperation in the oil ...