A1plus
| 17:34:08 | 25-05-2005 | Politics |
THE OIL WILL FLOW
Today the Baku part of the oil-pipeline Baku-Tbilisi-Jeyhan was officially
opened. In 2002 the construction of the pipeline costing 3.6 billion dollars
started. The pipeline length is 1767 km. Is goes through Iran, Azerbaijan
and Georgia leaving out Armenia. The countries using the pipeline want to
give out 300 million barrels of oil annually reaching up to 350 million in
10-15 years.
A profit of 250 billion dollars is anticipated a year. The profit of
Azerbaijan will be 65-70 billion excluding the oil supply of Azerbaijan. The
Kazakh President Nazarbayev announced on May 24 that they will join
Baku-Jeyhan and mentioned that he will give up to 7.5 million tons of oil to
the program.
The experts anticipate that the annual capital of the consortium will be
about 1 trillion dollars.