VOL. XLV

No 32

12-August-2002

CASPIAN

BTC Company Established As Awards Made For Major Caspian Oil Pipeline

The company that will own,construct and operate the proposed 1,760km Baku-Tbilisi-Ceyhan(BTC) crude pipeline has been formed and the first contracts for pipeline workawarded. A statement released on 1 August by BP, the leader of the project,announced the formation of BTC Company, saying the move is an important and necessarystep which will enable the owners to enter the full construction...