VOL. XL

No. 15

14-April-1997

FSU

World Bank Loans Georgia $1.4Mn For Caspian Pipeline Study

The World Bank announced on 8 April that it had approved a loanof $1.4mn to Georgia for a feasibility study of a crude oil export pipeline fromAzerbaijan to Georgia's Black Sea port of Supsa. International oil companies involved inthe exploration and production of Azerbaijan's crude oil reserves consider a pipelinethrough Georgia as one of several possible export routes for Caspian oil. Last September...