VOL. XLI
No. 48
30-November-1998
FSU
AIOC Head Says Baku-Ceyhan Could Lose Money
Mr. John Leggate, head of the Azerbaijan International OperatingCompany (AIOC), said on 26 November that the proposed Baku-Ceyhan crude oil pipeline couldlose as much as $500mn a year through operating costs, adding that it would cost twice asmuch to operate as the two proposed alternate routes -Baku-Supsa and Baku-Novorossysk. "The difference between the two options is a maximumof a half billion dollars per year,"...
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