Turkish President Recep Tayyip Erdogan said that there was an agreement with Russia on equal financing for the Turkish Stream gas pipeline, TASS reported quoting HaberTurk TV channel.

According to him, the Russian side was informed that there were no problems with Turkish Stream.

The Turkish leader said they had proposed splitting the investment in half for financing the project on the Turkish territory. He reminded that gas will go through a bottom of the Black Sea. As for the rest agreement concerning its financing at the rate of 50 to 50 is achieved by them.

Following the results of negotiations of Erdogan and the Russian president Vladimir Putin in St. Petersburg on August 9 it was decided to resume work on the Turkish Stream. The decision on creation of a working group and study of a road map is made.

It was planned that the sea section of the Turkish Stream will consist of four 15.75 billion cubic meters threads each. The gas pipeline must pass 660 km in an old corridor of South Stream and 250 km in a new corridor in the direction of the European part of Turkey.