Georgia soon to decide on oil transport-route

Oct 13, 1998 02:00 AM

A new route to transport Caspian Sea oil to the West will be determined soon, pending clarification of "technical details," Georgia's president has said.
President Eduard Shevardnadze said that discussions on the new route have entered the final stage.
"Georgia will feel the significance of that oil," Shevardnadze said.
The Baku-Supsa pipeline will begin pumping oil by early 1999, he said.

The US government wants oil from the Caspian to flow through a longer, as-yet unbuilt pipeline across Azerbaijan, Georgia, and Turkey.
The US thinks that pipeline would bind those countries closer to the West, and make an oil route across Russia and Iran less likely.

Caspian oil reserves are said to be the largest outside the Middle East, but they remain relatively untapped because countries with access to them have been struggling to get the expensive projects off the ground.

Meanwhile, Turkish leaders said that the pipeline through Turkey would be built, insisting that the Bosporus Straits, through which any oil from the Georgian route would have to pass, are too crowded to manage the new flow of tankers.

Source: not available
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« June 2018 »
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30

Register to announce Your Event

View All Events