Middle East Economic Survey

VOL. LII

No 25

22-Jun-2009

CASPIAN

Botas Hit By BTC Oil Pipeline Transit Losses

Turkish pipeline operator Botas International has been hit by transit fees losses in 2008 because capacity utilization of the Baku-Tbilisi-Azerbaijan oil pipeline averaged only 67%, Turkeys Minister of Energy Taner Yildiz told reporters on 10 June. The Samanyolu news agency reported that under-utilization losses could amount to $375mn since the line went into operation in June 2005. Botass...