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But before ye seek for riches, seek ye for the kingdom of God. And after ye have obtained a hope in Christ ye shall obtain riches, if ye seek them; and ye will seek them for the intent to do good--to clothe the naked, and to feed the hungry, and to liberate the captive, and administer relief to the sick and the afflicted.

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Turkey Tightens Rules for Using Bosphorus and Dardanelles PDF Print E-mail
Sunday, 27 May 2012 14:35

After the ecological catastrophe in Mexican Gulf caused by leakage from an oil pumping platform Turkey has decided to pass new regulations on using the Bosphorus and Dardanelles straits. It says that a multi billion dollar foundation should be established by oil companies to prevent any possible oil leakage and environmental catastrophe in the Black Sea region. This will however probably increase oil prices in the short term. 

Turkey has initiated and convened a meeting of the oil companies which use the Black Sea for transit, including Chevron, Exxonmobil, BP, Total, ENI and Russian and Kazakh companies. Turkey has been concerned for several years about transiting dangerous cargo, and oil in particular, through the straits. Turkish officials now claim that the Mexican catastrophe has further convinced the authorities of the necessity of taking appropriate steps as soon as possible.

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