VOL. XXXIX

No. 52

23-September-1996

CASPIAN

World Bank Loans Turkey $5Mn For Caspian Pipeline Study

The World Bank approved on 12 September a loan of $5mn to Turkey to go towards the financing of the Crude Oil Export Pipeline Technical Assistance Project. The project is in effect a feasibility study and environmental audit of the optional routes for the construction of a crude oil pipeline originating in Azerbaijan and terminating at Turkey's Mediterranean oil port of Ceyhan. The...