Middle East Economic Survey
VOL. XLVIII
No 15
11-April-2005
CASPIAN
ChevronTexaco Acquisition Of Unocal Will Provide Participation In AIOC, BTC
Through its acquisition of Unocal for some $18bn, announced on 4 April, ChevronTexaco will acquire shares in BP-led projects in Azerbaijan: the Azerbaijan International Operating Company (AIOC), which is developing the offshore Azeri-Chirag-Guneshli (ACG) oilfields, and the 1,760km Baku-Tbilisi-Ceyhan (BTC) crude pipeline, which aims to carry 1mn b/d of ACG...
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