VOL. XLVI

No 45

10-November-2003

CASPIAN

IFC Loan For Azerbaijan Pipeline And Oilfields Gets Show On The Road

After nearly a year of negotiations and hearings with lending institutions, the partners in the Baku-Tbilisi-Ceyhan (BTC) pipeline were greeted with the news on 4 November that the International Finance Corporation (IFC) would provide financial backing for the $3.6bn project. IFC approval is now expected to get the ball rolling for more financial support from other institutions like the...