VOL. XLII

No 47

22-November-1999

FSU

Baku-Ceyhan Agreement Signed In Istanbul During OSCE Summit

The official endorsement of the proposed Baku-Ceyhan crudeoil pipeline by the governments of Azerbaijan, Turkey, Georgia and the US onthe sidelines of the Organization for Security and Cooperation in Europe summitin Istanbul marks the beginning of what will prove to be a major challenge tothe international oil industry in the early years of the new millennium.

A series of agreements that lay the legal...