VOL. XLIV

No 43

22-October-2001

CASPIAN

Eni Joins BTC Sponsor Group

Italys Eni announced on 18October that it had acquired a 5% stake in the BP-led Baku-Tbilisi-Ceyhan (BTC)crude pipeline sponsor group.Adetailed engineering study is under way for the proposed 1,780km pipeline,which will carry crude from Baku through Georgia to Turkeys Mediterranean portof Ceyhan. The study is scheduled for completion next summer, after whichsponsor group members will decide whether or not to proceed with the 1mn...