Turkey initiates forming of consortium for Baku-Ceyhan pipeline

Jan 13, 1999 01:00 AM

An international consortium will be formed to build a Baku-Ceyhan oil pipeline and supply Caspian oil to the world market, Turkish First Deputy Minister of Energy and Natural Resources Urdakul Igitgueden told. The consortium will be open to members of the Azerbaijani International Operational Company and all those wishing.
The consortium will be set up after Turkey, Azerbaijan and Georgia sign an intergovernmental agreement on building the pipeline from Baku to the Turkish terminal in Ceyhan, eastern Mediterranean coast.
Western leading oil companies of Shell, Chevron and Mobil may take part in it.
By forming the consortium Turkey will give the Azerbaijani International Operational Company to understand the Baku-Ceyhan project will be implemented despite any decision of the company. The United States is an active supporter of the project.

Source: not available
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