Re: Georgian-South Ossetian conflict
17 September, 2002, 19:35 GMT 20:35 UK
After years of being considered a white elephant, a pipeline project, to carry Caspian oil to the world markets, is becoming a reality.
The Baku-Tbilisi-Ceyhan (BTC) pipeline will start a few kilometres south of Baku, the capital of Azerbaijan, and will run through the territory of neighbouring Georgia to the Turkish Mediterranean coast.
A special ceremony on Wednesday will be attended by the presidents of Azerbaijan, Georgia and Turkey.
The US has sent its energy secretary to join the celebrations.
Aug. 15, 2008
Eric Watkins
Senior Correspondent
LOS ANGELES, Aug. 15 – Azerbaijan has reduced its oil production by 80% as oil transport has been suspended via its export pipelines, Baku-Supsa and Baku-Tbilisi-Ceyhan (BTC), according to local media.
The daily Yeni Musavat said the country is currently exporting 300,000 b/d of oil instead of the usual 900,000 b/d.
Azerbaijan is losing $50-70 million/day from the shutdown of the BTC line, the paper said. It predicted that Azerbaijan will lose more than $1 billion in revenues, assuming the line is repaired by Aug. 27.
In the meantime, the paper said, Azerbaijan and international oil companies have incurred damage worth $500 million as a result of suspending exports through the Baku-Supsa line and the Baku-Tbilisi-Erzurum gas line due to the conflict between Russia and Georgia.
However, director of Azerbaijan's Oil Research Center Ilham Saban said losses by the government and oil companies had been mitigated by exports of oil via the Baku-Novorossiysk pipeline.
Well.... where is dictator Saakashvilli going to get money to buy weapons from Israel now?
xxxish Georgian minister: Thanks to Israeli training, we're fending off Russia
17 September, 2002, 19:35 GMT 20:35 UK
Caspian pipeline dream becomes reality
After years of being considered a white elephant, a pipeline project, to carry Caspian oil to the world markets, is becoming a reality.
The Baku-Tbilisi-Ceyhan (BTC) pipeline will start a few kilometres south of Baku, the capital of Azerbaijan, and will run through the territory of neighbouring Georgia to the Turkish Mediterranean coast.
A special ceremony on Wednesday will be attended by the presidents of Azerbaijan, Georgia and Turkey.
The US has sent its energy secretary to join the celebrations.
Aug. 15, 2008
Azerbaijan reduces oil production by 80%
Eric Watkins
Senior Correspondent
LOS ANGELES, Aug. 15 – Azerbaijan has reduced its oil production by 80% as oil transport has been suspended via its export pipelines, Baku-Supsa and Baku-Tbilisi-Ceyhan (BTC), according to local media.
The daily Yeni Musavat said the country is currently exporting 300,000 b/d of oil instead of the usual 900,000 b/d.
Azerbaijan is losing $50-70 million/day from the shutdown of the BTC line, the paper said. It predicted that Azerbaijan will lose more than $1 billion in revenues, assuming the line is repaired by Aug. 27.
In the meantime, the paper said, Azerbaijan and international oil companies have incurred damage worth $500 million as a result of suspending exports through the Baku-Supsa line and the Baku-Tbilisi-Erzurum gas line due to the conflict between Russia and Georgia.
However, director of Azerbaijan's Oil Research Center Ilham Saban said losses by the government and oil companies had been mitigated by exports of oil via the Baku-Novorossiysk pipeline.
Well.... where is dictator Saakashvilli going to get money to buy weapons from Israel now?
xxxish Georgian minister: Thanks to Israeli training, we're fending off Russia
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