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http://timesofindia.indiatimes.com/cms.dll/articleshow?artid=23396881

The Times Of India
September 27, 2002


Turkey starts work on east-west oil pipeline


-"Turkey has become the energy corridor linking East
and West." 
-The 1,750-km pipeline is expected to transport some
one million barrels of oil a day upon completion in
2005.
-The $3-billion bill has been picked up by a
consortium of investors including Azerbaijan's state
oil company SOCAR and foreign oil firms BP, Statoil,
Unocal, TPAO, Eni-Agip, TotalFinaElf, Itochu and
Amerada Hess.
-Construction was officially launched at the other end
of the pipeline in Azerbaijan on September 18, in the
presence of the country's president, Heydar Aliev,
along with his Georgian and Turkish counterparts
Edouard Chevardnadze [Shevardnadze] and Ahmet Necdet
Sezer.






ISTANBUL(AFP): Turkey on Thursday officially began
construction at its end of a new pipeline set to bring
Caspian Sea oil to Turkey's Mediterranean coast -- and
up to 300 million dollars a year in income to the
government.


Deputy Prime Minister Mesut Yilmaz led a ceremony
launching construction of the so-called BTC pipeline,
named after its planned route from Baku, Azerbaijan
via Tbilisi, Georgia to to Ceyhan, southern Turkey.


"Turkey has become the energy corridor linking East
and West," Yilmaz told the ceremony in Ceyhan.


The minister said the pipeline would bring wealth to
the country as a whole, generating "between 200 and
300 million dollars a year" in government revenues and
3,000 jobs in the region.


The government also says the pipeline will help
alleviate heavy oil tanker traffic through Istanbul's
narrow Bosphorous Strait, which has raised security
concerns.


Also attending the ceremony were Gokhan Bildaci, head
of the Turkish oil company Botas and Britain's
ambassador to Turkey, Peter Westmacott.


Construction was officially launched at the other end
of the pipeline in Azerbaijan on September 18, in the
presence of the country's president, Heydar Aliev,
along with his Georgian and Turkish counterparts
Edouard Chevardnadze and Ahmet Necdet Sezer.


The 1,750-km pipeline is expected to transport some
one million barrels of oil a day upon completion in
2005.


The $ 3-billion bill has been picked up by a
consortium of investors including Azerbaijan's state
oil company SOCAR and foreign oil firms BP, Statoil,
Unocal, TPAO, Eni-Agip, TotalFinaElf, Itochu and
Amerada Hess.



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