Dollars 1.4bn deal for pipeline

Wednesday 10 March 1993 00:02 GMT

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ANKARA (Reuter) - Turkey and Azerbaijan signed an agreement yesterday to build a dollars 1.4bn (pounds 1bn) pipeline to carry crude oil from Baku via Iran to the Mediterranean coast. Work on the 663-mile pipeline will begin in 1994 and take two years to complete. Turkey's Prime Minister, Suleyman Demirel, said it 'will create a second Gulf in Turkey'.

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Dollars 1.4bn deal for pipeline

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