VOL. XLIII
No. 41
9-OCTOBER-2000
CASPIAN
Socar And BP Initial Joint Operating Agreement For Baku-Ceyhan
The State Oil Company of the Azerbaijan Republic (Socar) and BP finalized and initialed a joint operating, funding and cooperation agreement (JOA) on the proposed 1,700km Baku-Ceyhan crude pipeline in Baku on 3 October. BP initialed the document on behalf of the seven members of the Azerbaijan International Operating Company (AIOC) as potential investors in the project. The JOA and a business...
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