Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

CASPIAN

Azerbaijan, Georgia Sections Of BTC Linked

The Azerbaijani and Georgian sections of the Baku-Tbilisi-Ceyhan (BTC) pipeline were welded together on 16 October during a ceremony marking the occasion at the border of the two Caucasus states. When operating at full capacity, the $3.6bn pipeline will carry some 1mn b/d of crude 1,760km from Azerbaijan to the Turkish Mediterranean port of Ceyhan. The ceremony was attended by the...