VOL. XLVII

No 06

09-February-2004

CASPIAN

Finance Package For BTC Pipeline Project Signed In Baku

The long-awaited final financing documents for the Baku-Tbilisi-Ceyhan (BTC) crude pipeline were signed in Baku on 3 February, confirming international support for a project that has been controversial from the time it was first conceived in the early 1990s. Seventy-eight different parties endorsed a package of 208 documents for financing totaling around $2.6bn.

When fully operational later this...