VOL. XLV

No 23

10-June-2002

CASPIAN

BTC Sponsors Expect To SanctionPipeline This Month

Speakingduring the Caspian Oil and Gas 2002 conference in Baku on 5 June, DavidWoodward, the president of BP Azerbaijan, which leads the AzerbaijanInternational Operating Company (AIOC) consortium and the Baku-Tbilisi-Ceyhan (BTC) pipeline sponsor group, said a decision onwhether to sanction the construction of the $2.9bn, 1mn b/d BTC crude pipelinewould be taken before the end of the month. We expect on the 20...