ConocoPhillips To Acquire 2.5% Of BTC Pipeline From Operator BP
In a statement released on 30 October, BP announced that ConocoPhillips would acquire a 2.5% stake in the BTC Company, which will build, own and operate the 1,760km, $2.95bn Baku-Tbilisi-Ceyhan (BTC) crude pipeline. The project has been sanctioned by shareholders, who have in turn instructed Botas of Turkey to proceed with the construction of that countrys 1,070km section (MEES, 16 September, 7...
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