VOL. XLI

No. 24

15-June-1998

FSU

Azerbaijan Differs With AIOC On Cost Overruns For Western Export Pipeline

Azerbaijan's state-owned State Oil Company of Azerbaijan (Socar) has said it will notpay additional costs for the repair of the western export pipeline that runs from Baku tothe Georgian Black Sea port of Supsa. The cost of repairs to the 900 kms. pipeline wasoriginally estimated at $315mn by the Azerbaijan International Operating Company (AIOC),but earlier this year it was found that...