VOL. XLIV

No. 08

19-February-2001

CASPIAN

Chevron Plans Participation In BTC Sponsor Group

Chevron has advised the State Oil Company for the Azerbaijan Republic (Socar) and the Government of Turkey that it is interested in joining the Baku-Tbilisi-Ceyhan (BTC) crude pipeline sponsor group. MEES learns from authoritative sources that the move was prompted by Chevrons interest in the offshore Absheron block, where it has high expectations of finding hydrocarbons. It is further understood that a...