ISTANBUL—Russia and Turkey signed several energy and trade agreements Wednesday, tying the knot in a relationship between historic rivals that has quietly grown into what Russia's President Dmitry Medvedev described as "a full-scale strategic partnership."
Met by a 21-gun salute and honor guard on his first visit to Turkey, Mr. Medvedev oversaw the signing of deals to ensure visa-free travel, build Turkey's first nuclear-power plant and boost construction of an oil pipeline from Turkey's Black Sea coast to the Mediterranean.
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The Russian and Turkish governments today signed an agreement that would lead to Russia building a US$20 billion nuclear power plant in Turkey, the country's first.

The plant will be built on the coast of the Mediterranean Sea, and construction will commence as soon as the deal is approved by both countries; the building process is expected to take around seven years. The reactor will also be owned by Russia, which will hold "no less than a controlling stake," according to , who is the head of , a Russian nuclear energy corporation.

The reactor to be built is the second proposed power plant in the same location; a separate proposal for a four-reactor complex built by a Russian-led consortium was rejected by a Turkish court last year.  Russia has attempted to build a nuclear power plant in Turkey, and the contract signed Wednesday "really looks rather impressive," according to  Dmitry Medvedev.

The contract for the reactor was one of 20 signed by the two countries today, expected to result in around US$25 billion of Russian investment in Turkey. Other major contracts signed include projects to transport Russian oil and natural gas through Turkey to ports on the Mediterranean Sea. One such project is a major pipeline between the Turkish ports of  on the Black Sea and  on the Mediterranean Sea, built in conjunction with an oil refinery in Ceyhan.

In a press conference, Russian President Medvedev said that the agreements signal "a new page in our cooperation...Our talks today showed that Turkey and Russia are strategic partners not only in words but in deeds."  Abdullah Gul said that the two countries "share a determination to increase the trade volume from a current US$38 billion to US$100 billion in five years."