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Russia gets approval for South Stream gas pipeline

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MOSCOW (Commodity Online): Turkey has signaled positive to Russia’s request for the approval of geological exploration work for the South Stream gas pipeline in its Black Sea economic zone.

Referring two countries’ presidents, Kremlin reported that the Turkey president Abdullah Gul has approved the proposal to conduct the survey on its economic zone during a telephonic conversation with Russian President.

Dmitry Medvedev thanked Abdullah Gul and said he hopes the decision will strengthen strategic bilateral ties. Turkey's energy minister said earlier in the day that his country will officially hand Russia documents approving the laying of the South Stream gas pipeline along its seabed on October 20.


MCX Silver 05 July 2012 contract was trading at Rs 55888 , up Rs. 493 . What's your view on it?
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