Turkey has been introducing numerous energy projects one after another in the recent years and co-operating in this field with Israel, in particular. The idea of projects on the transmission of the resources in the Caspian and Black Seas to the Middle East emerged last year and talks were launched with Israel. Mr Guler said at the meeting organized at Turkish Coal Enterprises that the project would be put into practice by the Turkish and Israel private sector and that the governments would only set the policies. "The assignment of the tasks for the construction was entirely left to our control. We will announce the outcome once the negotiations reach a conclusion. But considering that fact that this project is an extension to the Samsun-Ceyhan oil pipeline, the Calik Group will inevitably be involved as a major company in the sector," said Guler. The Calik Group was assigned the task of building the Samsun-Ceyhan oil pipeline in co-operation with Italian ENI and Indian Oil. The project has a larger capacity than Baku-Tbilisi-Ceyhan oil pipeline with an annual 60-70m tons of crude oil. "The feasibility survey for the project will be completed in six months, and then the implementation process will begin," Mr Guler said. He pointed out that the project will have significant impacts on the stability, development and political progress of the region and that the memorandum was signed during his visit to Israel: "This is a continuation, an extension of the Samsun-Ceyhan pipeline. The project will make a contribution to the region's development as well as catering for the water needs of Palestine and Jordan in particular. Water is an important source of tension in the region. By tackling that, Turkey will make a very crucial contribution to the regional peace and stability through both oil and natural gas and water supply, including even electricity."