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...
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