Russian President Dmitry Medvedev paid an official visit to Ankara on Wednesday and signed deals including on the construction of Turkey's first nuclear power plant and an oil pipeline.

"A construction contract, which will take all the details into account, will be signed in the near future and then construction will begin," Igor Sechin told a Cabinet meeting.

"The first two reactors must be built in seven years," he said. Russian specialists plan to build four nuclear reactors in the country, each with a capacity of 1.2 GW.

The nuclear power plant is expected to be built near the Mediterranean port of Mersin in the Akkuyu area and put into operation in 2016-2019.

"In the months preceding the president's visit to Turkey, all the details and nuances of this work were coordinated. We established in this agreement economic conditions for operating the plant...that satisfied both the Russian and the Turkish parties," Sechin said.