VOL. XLV

No 17

29-April-2002

CASPIAN

Detailed Engineering For BTC Nears Completion, Project Approval Seen InMid-Summer

Detailedengineering for the 1mn b/d Baku-Tbilisi-Ceyhan (BTC)crude pipeline is due for completion in June andapproval for the construction of the $3bnproject is expected shortly thereafter according to BPs Michael Townshend, General Manager for the BTC Pipeline Project.Speaking in London at the CIS Oil and Gas Summit, MrTownshend dismissed old criticisms that the pipelinewould...