The Israeli firm Merhav brokered a $2.5 billion deal to build a natural gas pipeline from Turkmenistan to Turkey, bypassing Iran by crossing the Caspian Sea. Two U.S. firms, General Electric and Bechtel, recently signed a memorandum of understanding in the former Soviet republic of Turkmenistan declaring their intention to build the pipeline. The president of Merhav said he expected other companies from the United States, Europe and Japan to join the pipeline consortium.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.