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...
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