VOL. XLVI

No 6

10-February-2003

CASPIAN

BTC Partners Committed To $2.2Bn Investment

BP Azerbaijan Vice President Michael Townshend has said that the partners in the Baku-Tbilisi-Ceyhan (BTC) crude pipeline have already committed themselves to spending $2.2bn on the 1,760km project, even though financing for the $2.95bn line has yet to be finalized. Speaking at the Sangachal oil and gas processing terminal south of Baku on 28 January, Mr Townshend said: We are not sitting and waiting for the...