--> Abstract: Silk Road of the 21st Century, by M. Zihni Aksoy; #90072 (2007)

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Silk Road of the 21st Century

M. Zihni Aksoy
Turkish Petroleum Corp, Turkey

Turkey is geographically located in close proximity to 72% of the world's proven gas and 73% of oil reserves, in particular those in the Middle East and the Caspian basin. It thus, forms a natural energy corridor between the source countries and consumer markets and stands as a key country in ensuring energy security through diversification of supply sources and routes, considerations that have gained increased significance in Europe today.
Major pipeline projects realized and others under construction, which will inevitably contribute to Europe's energy supply security, are enhancing Turkey's role as an important transit country on the Eurasia energy axis and energy hub in the region. To this end, Turkey has concentrated its efforts for the transportation of Caspian oil and gas reserves to Western markets on the realization of the East-West Energy Corridor, often referred to as the “Silk Road of the 21st Century”. The pipeline projects linking the Caucasus and Central Asia to Europe will be essential for the region's integration with the West. Secure and commercially profitable pipelines will help bring stability and prosperity to the region.

 

AAPG Search and Discovery Article #90072 © 2007 AAPG and AAPG European Region Conference, Athens, Greece