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Gazprom Says Saipem Will Start Building Turkey Link in June

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OAO Gazprom revived a deal with Saipem SpA to build a gas link through the Black Sea, which was suspended after Russian President Vladimir Putin scrapped the South Stream pipeline to Europe last year.

Italy’s biggest oil and gas contractor will start laying the new route to Turkey next month as the Moscow-based exporter shifts contracts, including pipe supplies, to the new project, Gazprom management board member Oleg Aksyutin told reporters on Tuesday.