Rosneftegazstroi to lay Novorossiisk-Supsa-Ceyhan pipeline

28-05-02 The Georgian International Petroleum Corporation has signed a contract with Rosneftegazstroi of Russia to lay a Novorossiisk-Supsa-Ceyhan pipeline connecting branch in order to give Caspian oil broader access to world markets.
The Georgian-Russian Gruzrosneftegazstroi joint company will undertake to lay the connecting pipeline under the Baku-Tbilisi-Ceyhan construction project. Once operative, the connecting pipeline will bring at least $ 500-600 mm to Russia in additional annual profits.