VOL. XLIV

No. 21

21 May 2001

CASPIAN

BTC Basic Study Complete, Decision On Detailed Engineering Due 10 June

The Baku-Tbilisi-Ceyhan (BTC) pipeline sponsor group has set 10 June as the date on which a decision will be taken to proceed with the next step of the 1mn b/d project, the detailed engineering phase. A press release issued by sponsor group leader BP on behalf of BTC members said that "substantial and encouraging progress has been made with regard to both the technical and commercial...