VOL. XLV
No 24
17-June-2002
CASPIAN
TotalFinaElf Signs Up For5% Of BTC
Frances TotalFinaElf announced on 12June that it had signed an agreement with the Baku-Tbilisi-Ceyhan(BTC) crude pipeline sponsor group giving it the right to acquire 5% of thepipeline company when the project is sanctioned. A statement released by theBP-led BTC sponsor group said that TotalFinaElfsentrance in the project followed that of Italys Eni subsidiary Agip last year (MEES,22 October 2001) andreflects the widespread...
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